CSR and Sustainability

🗺️ Travel Foundation and Skyscanner have launched 'Shared Horizons: Connecting aviation and tourism for climate action'. The initiative includes a survey targeting tour operators, destination managers, and aviation professionals to assess emissions, barriers, and innovation. Insights will guide a white paper for a coordinated climate leadership approach, addressing the siloed responses of airlines, airports, destinations, and tourism businesses. An Advisory Group will shape strategic recommendations over the next few months.

🚂 Trainline has partnered with Scope3 to focus on sustainable advertising, targeting net-zero greenhouse gas emissions by 2040. With 27 million users across 40 countries, Trainline aims to offer low-carbon advertising options via Green Media Products and Scope3 Verified. This partnership will help brands make informed decisions to reduce emissions, aligning with Trainline’s environmental goals while enhancing campaign performance. Through GMP Direct, brands can select pre-filtered digital ads avoiding climate risk, supporting sustainable goals without compromising on impact.

📈 Covivio's recurring profit jumped 14% after acquiring a minority stake in the CB21 building. In H1 2025, European investment volumes rose 11%, office demand stabilized, and Berlin rents climbed 5%. RevPAR for hotels in Europe increased 2.5% by May 2025. Covivio’s portfolio value hit €23.6 billion, with 98.6% of assets certified environmentally. Revenues grew to €527 million, and the 2025 profit target increased to €515 million. A €500 million Green Bond was issued in June 2025.

📑 Sophie Donabedian and Emmanuelle Tulliez, over two years, evaluated an inclusive education project involving work-study students from priority neighborhoods in partnership with academic institutions and hotels. A tour of classes in Paris, Lyon, and Marseille gathered feedback from students and 70 hotels via focus groups and questionnaires. The findings highlighted a lack of awareness about the budget hotel sector, suggesting the need for better communication about career opportunities in this field.

📍 Novaxia NEO acquired a hotel in Zaragoza, Spain's fifth-largest city, covering 2,700 square meters with a 10-year lease and 7.57% yield. The acquisition raises Spain's portfolio share to 8%. A €200,000 sustainability upgrade aims to cut 550 tons of CO₂ over 10 years. The hotel, run by Grupo VTZ Alojamientos from January 2024, offers 45 rooms and amenities near key tourist sites. This aligns with Novaxia's long-term, ESG-focused investment strategy.

🚀 Suraj Hinduja, Managing Director of RTRX, shares insights on transforming events into experiences focusing on curiosity, connection, and impact. Initially aimed at supporting cancer research, RTRX has grown into a multi-day, cross-industry event. The principle of hospitality is utilized to inspire attendees and foster meaningful interactions. Rockbridge's approach emphasizes the importance of serendipitous opportunities to encourage deeper connections. Music for the show is produced by Clay Bassford of Bespoke Sound.