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€1.50 THURSDAY 7 MARCH 2024 • ISSUE 247 WWW.BUSINESSTODAY.COM.MT Malta ranks 4th in EU for innovative startups Tumas Group surpasses 1,000- room mark with third Hilton hotel PAUL COCKS A survey carried out by the Eu- rope Startup Nations Alliance among 21 EU countries found placed Malta as the 4th best destination for innovative start- ups. is emerged from the first technical analysis of its kind by the startup-centric entity creat- ed by the European Union. Mal- ta Enterprise represents Malta in ESNA. Malta was only topped by larg- er countries such as Spain and France, together with Belgium. Malta was among only 10 countries which exceeded the average percentage ratings of this analysis. PAGE 5 PAUL COCKS DOUBLETREE by Hilton Malta, located in St Paul's Bay, is set to become the third hotel owned by the Tumas Group and managed by Hilton, near- ly three decades since the opening of the iconic Hilton Malta. When DoubleTree by Hilton Malta opens its doors in April, the number of rooms in properties belonging to the family-owned Tumas Group and managed by Hilton will exceed the 1,000 mark. PAGE 2 STAR PERFORMER MSE FTSE 100 EUR EXCHANG RATES Trading Date: 6 March 2024 Number of Trades: 92 Turnover: €1,257,633.82 MSE TRX Index: 8226.002 Change: -1.038% Name: 5.8% APS MT0002501212 - Currency € Last Traded: 6 March 2024 Price 106.000 Change +2.500 US Dollar 1.0522 British Pound: 0.86477 Japanese Yen: 144.59 Australian Dollar: 1.5451 Swiss Franc: 0.98700 7,613.67 78.12 7,613.39 / 7,312.00 Value Net variation High / Low +0.86% PAGE 3 Total guests in collective accommodation establishments during the fourth quarter of 2023 stood at 547,133 In the fourth quarter of 2023, the largest share of guest nights was reported in 4-star hotels, with 49.7 per cent of the total. The average length of stay in collective accommodation establishments in 2023 remained constant at 4.2 nights when compared to the figure registered during the same quarter of 2022. Total guests and nights spent IZI Group registers 26% year-on-year revenue growth in H2 2023 xxx

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