Wine Book Review: SUSTAINABLE AND INNOVATIVE WINE TOURISM Success models from all around the world

I just finished reviewing the book for the 2021 OIV Awards “SUSTAINABLE AND INNOVATIVE WINE TOURISM Success models from all around the world”

Written by Professors – Raúl Compés López, and Gergely Szolnoki

The first part of the book introduces the Strategic Aspects of Wine Tourism namely: marketing, education and best practices for various business models, as well as the importance of landscape and culture in wine tourism development.

The authors go on to present several case studies of Wine Tourism practices in different Spanish regions. 

The final two sections are dedicated to Old World and New World wine tourism practices and innovative initiatives.

An excellent read if you are interested in global wine tourism pre and post covid.

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iDealwine, France’s Top Wine Auctioneer for 6 Consecutive Years

The CVV has confirmed, for the sixth year running, that IWA (International Wine Auction, a subsidiary of iDealwine), is the leading wine auctioneer in France (for the sixth consecutive year), now boasting a 42% market share.
iDealwine has held 41 auction sales in 2020 (one auction every 9 days) with over 175,000 bottles auctioned for a total of €23.4 million including tax – meaning over 40% of all wine sold at auction in France (up from 37% in 2019). Auctions aside, iDealwine’s fixed price sales, which include wine sourced directly from partner properties at cellar door prices, have increased by 46% to reach €10m.  In total, iDealwine generated €33 million in sales in 2020 (+15%).

Despite the tumultuous year, the fine wine auctions market has remained comparatively stable, with iDealwine itself widening the gap in terms of market leaders. In France, wine auctions generated €47 million excluding commission (2019: €47m, 2018: €46m), which represents just 4% of the entire art and collectors’ items category. The art and collectors’ items category itself recorded a significant 22.4% drop in sales. IWA (and therefore iDealwine) has risen to rank as the eighth most important auction house in France in the art and collectors’ item category. Of course, much of this movement was accelerated by the pandemic. As a purely digital player in wine auctions, iDealwine was well placed to deal with the unique situation.
Cyrille Jomand, CEO of iDealwine, said: “We are delighted by this announcement. iDealwine recently welcomed new investment from entrepreneurial fund Capital Croissance. With this, we look forward to increasing iDealwine’s footprint not only in the fine wine world, but also in spirits via our new platform Fine Spirits Auction platform, which sees whiskies, cognacs, rums, and other fine spirits go under the hammer in partnership with La Maison du Whisky. iDealwine is also focused on its new bespoke cellar consultation and management service, offered to wine lovers, collectors, and investors.”
iDealwine has been named the number one wine auctioneer in France for the sixth consecutive year by the regulatory body for auctions in the country.
@idealwine_official #wine #winelovers #wineauction #vin #vinstagram #instawine #wineauctions #vinsbourgogne #burgundywine #bordeaux #wineinvestment #spiritsauction #winecollectors #wineinvestors #spirits #finewine #champagne

Wine News: Light-to-moderate wine drinking can lower heart attack risk

A recent study published in the peer-reviewed journal BMC Medicine has found that light-to-moderate wine drinking can be beneficial to your health, including those with heart disease.

According to the study, entitled ‘Association of alcohol consumption with morbidity and mortality in patients with cardiovascular disease’, patients with heart disease who drank six grams of alcohol per day (on average) were associated with a 50 % risk reduction of heart attack, stroke, and even death.

Even those who averaged eight grams of alcohol consumption per day would see a 27% reduction in death risk compared with those who did not drink, the study found.

Vinepair states that in the United States, an average pour contains 14 grams of alcohol.

Comprising assessment of over 48,000 patients with heart disease, the research found that, while even increased alcohol consumption up to 62 grams per day was not associated with a heightened risk of heart attack, “non-drinking patients should not be encouraged to take up light drinking because of well-known adverse effects on other health outcomes, such as cancers.”

“Our findings suggest that people with CVD (cardiovascular disease) may not need to stop drinking in order to prevent additional heart attacks, strokes or angina, but that they may wish to consider lowering their weekly alcohol intake,” study co-author Chengyi Ding said, per Reuters.

She did note once again however that “Alcohol consumption is associated with an increased risk of developing other illnesses.”

Study – https://bmcmedicine.biomedcentral.com/articles/10.1186/s12916-021-02040-2

 

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Chile in the process of setting up an “Organic Wine Growers’ Association”

A group of Chilean wineries are forming an association to promote organic wine due to the post-pandemic upsurge.

News of the impending organization came during an interview with Jaime Valderrama, who is the managing director of Viña Miguel Torres Chile.

The group of six wineries will be collaborating to promote organic wine from Chile, and that the new association would also have the support of Wines of Chile, which unites much of the country’s wine industry primarily for marketing purposes.

Among the founder members of the organic association will be Viña Emiliana, Odfell, and Koyle, according to Valderrama, as well as Viña Miguel Torres Chile.

Taking inspiration from Organic Winegrowers New Zealand (OWNZ), which is a dedicated to supporting organic winegrowing, he said that the group of Chilean wineries have been speaking to the founders of the New Zealand organization for advice.

Valderrama said, “..this year is very good, especially for organic wines, and our Las Mulas range of organic wines is doing very well; natural and organic wine is facing more demand, and that’s where the growth is across the US, Europe, UK and Korea as well.”

He added, “It seems that the consumer is more conscious about organics and the environment, and that’s why we are creating an organic grower’s association in Chile: the future for us is organic and natural wines.”

Currently, 98% of grape production across the 314 hectares owned by Torres in Chile is grown organically, with certification.

Sources  Drinks Business

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Trivento is named the world’s best-selling Argentine wine

Concha y Toro’s Trivento is celebrating becoming the leading Argentine wine brand in the world, with sales of over US$256.2m a year according to a new report from the IWSR.

Over the past five years, the winery has doubled sales around the world thanks to a long-term business plan and successful marketing campaigns such as 20” TV campaign in the UK and a sponsorship deal with Major League Soccer (MLS) in the US.

“We are very proud of this achievement, and it is the result of the efforts of so many people, from our workers in the vineyards to those who represent our wines in international markets,” said CEO Marcos Jofré, Trivento.

Trivento’s top-dog status emerged from the 2020 report from global consulting firm IWSR Drinks Market Analysis, which delves into the alcoholic beverage market and its trends.

Trivento has been on an upward curve in key markets over the past 10 years. In 2013, it became a leader in the category of Argentine wines in the Caribbean and Europe. In 2020, it consolidated this position at a global level with an international strategy which focuses on value, expanding distribution channels at the right moment and strong moves into top retailers both online and in store.

The brand has been particularly successful in the UK, where Trivento Reserve Malbec is the number one red wine brand, according to NielsenIQ. It is also in the Top 10 of all wine brands in the UK.

In the US, in 2020, the winery became one of the top three selling Malbecs in the country (IRI). The US is Trivento’s second most important export destination in terms of volume, with Florida representing 30% of sales in market.

South Korea meanwhile saw huge uplift in 2020, with sales up 935%. Brazil also recorded strong increases in sales up 88%, with great expansion in online and retail channels.

“This is the result of a clear and precise commercial strategy that’s made Trivento grow into a premium brand that’s focussed on key markets,” said Felipe Rossel, global marketing director.

#Wine #Vinos #WineLovers #Winestagram #InstaWine #InstaWineLovers #Argentina #Vinos #ArgentinaWines #Bodega #WineTime #Drinks #Gastronomy #TriventoArgentina #winesofargentina #winenews  #Malbec #DiscoverMalbec #DiscoverTrivento #Winefrommendoza #Winefromargentina #redwine @triventous #triventous