€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
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