(Alliance News) - Destination Italia Spa on Wednesday reported that its consolidated Gross Travel Value (GTV) as of Dec. 31, 2022 - representing the total value of tourism services sold to clients - was EUR27.6 million, up 268 percent from EUR7.5 million in the same period of 2021.

The company also reports that as of March 20 of this year, it has reached EUR18.3 million Gross Booking Value (GBV) with a growth of more than 200% compared to the same period in 2022 and also exceeding Pre-Covid (2019) results by more than 30%. "All this despite the Russia-Ukraine war, which has reduced

that area's bookings drastically, but which were more than offset by growth in all other geographic areas covered, particularly North America," the company writes in the released note.

Dina Ravera - Destination Italia's key shareholder - commented, "Reaching EUR27.6 million Gross Travel Value in 2022 is confirmation of the incredible work done by the team in the past year, from developing new clients in new markets, to contracting hotels and tourism services across the country, to managing bookings and then on-site assistance to travelers, which have increased beyond expectations compared to the beginning of 2022."

"The new year opens under the sign of optimism thanks to the progressing tourism market, the merger project with Portale Sardegna approved on Monday, March 20, by the Assemblies of the two companies, and the data on bookings as of March 20, which are further on the rise, even more than 30 percent higher than in 2019,

a record year for Italian tourism and for the Group. We remain focused on our development projects, which include, for the near future, being present in new markets such as China, Japan, Korea and India, and growing further in those where we are already present such as the United States," Ravera concluded.

Destination Italia closed Tuesday's session flat at EUR1.06 per share

By Maurizio Carta, Alliance News reporter

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