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08.11.2019 – 15:07

Global Communication Experts

GCE news mail: German market news week 45

German market news week 45

Dear all,

Please find hereby the weekly market news:

Market News

- ITB creates exhibition area for luxury travel: As Counter vor 9 says, the new
  "Home of Luxury by ITB" moves into the Marshall-Haus. This statement was 
  announced by the creators of the Berlin travel fair in cooperation with Loop 
  and Luxury Hotels. This will give the fast-growing travel segment an exclusive
  platform for the first time from 4 to 6 March 2020.
- Hope for Latin America in spite of conflicts, protests and bloody riots: 
  According to Travel News at the World Travel Market in London, LATA now 
  presented the trends for the last quarter. But in spite of the situation that 
  countries like Nicaragua or Chile have been living in this last year, there 
  are also quite positive numbers that Olivier Ponti of Forward Keys could 
  announce on behalf of the Latin American Travel Association (LATA) at the 
  World Travel Market (WTM) in London. For example, for Nicaragua. A planned 
  social reform of the government ignited there last spring a bloody conflict, 
  which demanded hundreds of human lives. Not surprisingly, the number of 
  bookings immediately collapsed - by two-thirds. Since the beginning of this 
  year, both the number of bookings and the number of arrivals have been rising 
  sharply again. For the last quarter of 2019 - compared to last year - a plus 
  of more than 98 percent can be recorded. Colin Steward, Chairman of LATA, said
  to Travelnews that because Latin America is still often perceived as a big 
  destination, they have to educate people here and clearly show where the 
  critical places are and how far they are from the tourist hotspots. 
- Travel industry must become a pioneer in climate protection: According to 
  Counter vor9, Climate researcher Hans Joachim Schellnhuber sees tourism at a 
  crossroads in the fight against global warming. He challenged the travel 
  industry to make tourism become part of climate-neutral mobility, if possible,
  even a pioneer.  

Aviation News

- Strike at Lufthansa has begun: According to Counter vor 9 the strike of 
  Lufthansa's flight attendants continues. Today about 700 flights are 
  cancelled, tomorrow 600 connections were cancelled. The strike called by 
  Germany's UFO flight attendants' union started at midnight on Wednesday and is
  due to last today until midnight. The union UFO and Lufthansa have agreed on 
  exploratory talks for the weekend in order to reach an arbitration. But UFO 
  wants to strike again in case of failure. As far as customers are concerned 
  Lufthansa said it would run an alternative flight schedule where possible, and
  that passengers could rebook their journeys for free or swap their flights for
  train tickets.
- Tim Clark plans new strategy for Emirates: According to an interview with the
  president Tim Clark of Emirates conducted by the fvw, Tim Clark, who helped 
  found Emirates back in 1985 and has run the carrier since 2003, discussed how 
  the market is changing and admitted the carrier has some "growth pains" at 
  present. Although Emirates current economic situation is performing well, Tim 
  Clark says that, achieving a more significant Emirates growth, has been more 
  challenging today than it was in the past. This because wherever you look, 
  there are many difficulties: for example, in trade between the USA and China, 
  but also elsewhere in the world. In addition, the price of oil is difficult to
  calculate, and concerns about climate change are growing. In short, there are 
  a number of short, medium and long-term events that affect demand. Emirates 
  and other industry players have to deal with them. In spite of that Tim Clark 
  wants to further develop Emirates route network. He still sees many 
  opportunities in India, Germany and Africa.
- New summer destinations from Condor: As Counter vor 9 says, the airline 
  announces further routes as of May 1, 2020 and will take up flights to 
  Montenegro and for the first time also to the Côte d'Azur. From Frankfurt, the
  route runs twice a week to Tivat, the city on the Bay of Kotor. And three 
  times a week Condor takes off from Frankfurt in the direction of Toulon. 

Tour Operator News

- Thomas Cook Germany faces possible 1.000 job losses due to insolvency: 
  Despite intensive talks, no investor has been found for the company as a 
  whole, with some 2,100 employees, or for its overall tour operator business. 
  And this would result in accordance with the fvw that the company, based in 
  Oberursel, will probably officially stop trading on December 1, 2019. Stefanie
  Berk, the company's managing director, said that "Thomas Cook Germany is a 
  profitable tour operator and has been blamelessly dragged down by the 
  insolvency of its British parent company. I thank all our employees and 
  partners deeply for their devotion and loyalty." Concerning affected 
  customers, Thomas Cook Germany's insurance company Zurich Versicherung expects
  to start paying out compensation in December to customers affected by the 
  company's insolvency. But it is unclear how much they will get back as the 
  overall size of the damages is not yet known, according to a report published 
  by the fvw.  

Cruise News

- Norwegian Cruise Line Holdings 2020 ahead in Bookings and Price: According to
  Cruise Industry News, total cruise operating expense increased 6.7% in 2019 
  compared to 2018, primarily due to continuing effects from the redeployment of
  Norwegian Joy during the second quarter of 2019 and incremental direct costs 
  related to air promotions. Gross Cruise Costs per Capacity Day increased 8.9%.
  Adjusted Net Cruise Cost Excluding Fuel per Capacity Day increased 11.0% on a 
  Constant Currency basis and 10.2% on an as reported basis. 

Best regards and enjoy your weekend,

your GCE Team

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