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15.11.2019 – 15:17

Global Communication Experts

GCE news mail: German market news week 46

German market news week 46

Dear all,

Please find hereby the weekly market news:

Market News

- 30th anniversary of the fall of the Berlin Wall: In the current week, not 
  only Berlin has celebrated the 30th anniversary of the fall of the Berlin Wall
  with events and exhibitions dealing with its construction, the division of 
  Berlin, the Cold War and the Peaceful Revolution of 1989. This was also one of
  the talking points of the annual meeting of the German travel industry (BTW) 
  in Berlin. BTW communicated market numbers for the tourism industry: 
  - Economic factor tourism: Nearly 3 million people in Germany owe 
  their jobs to tourism. Around 4 percent of gross value added in 
  Germany is accounted for by tourism consumption. Thus, the 
  industry is on par with the automotive industry and mechanical 
  - Travel days of Germans: 408 million travel days for Germans on 
  day trips and overnight stays in Germany and abroad in the first 
  4 months of 2019 meant an increase of 1.2 percent over the same 
  period of the previous year. In 2018, Germans spent a total of 
  more than 1.71 billion (Source: BTW Tourism Index).
  - Travel mood: The tourism index also showed a positive travel mood
  and forecast for the whole of 2019 in the middle of the year. 
  Consumer mood as well as the desire to travel lasted until the 
  middle of the year - despite criticisms critical of tourism in 
  the course of the climate debate. The tourism index was clearly 
  in positive territory at 1.4 points in the middle of the year. 
  Based on the tourism index, travel days are expected to increase 
  by around 1.5 percent for the full year 2019. (Source: BTW). 
- Insolvency protection of TUI and DER: Examinations by the German Federal 
  Financial Supervisory Authority (Bafin) in the case of customer money 
  protection agreements of the German Travel Price Security Association (DRS), 
  include tour operators such as TUI and DER Touristik, have concluded its 
  financial securities to be insufficient, should a case of emergency arise. The
  procedure of its customer money protection is based on mutual protection. 
  Although its form has offered as reliable and cheaper option to its client, 
  the evaluation of the German Federal Financial Supervisory Authority have 
  categorized it to be an inadmissible risk mitigation. Since the insolvency of 
  Thomas Cook, all options are being evaluated and reconsidered, such as the 
  classic form of reinsurance coverage or the alternative bank guarantees. 
  Although the classic forms of financial protection are calculated to be of 
  higher costs, the importance of reliable safeguarding cannot be dismissed. 
- German tourism industry looks ahead to post-Cook future: The tourism industry
  needs to re-establish consumer trust in package holidays and ensure fairer 
  business relationships in response to the Thomas Cook insolvency, top German 
  managers agreed during an fvw round-table discussion. Five senior managers - 
  Sören Hartmann (DER Touristik), Gerald Kassner (Schauinsland-Reisen), Thomas 
  Bösl (RT-Reisen), Paul Schwaiger (Condor) and Finn Ackermann (Iberostar) - 
  accepted fvw's invitation to discuss the impact of the insolvency of Germany's
  second-largest tour operator on the market and on consumers.  All the 
  discussion participants agreed that the German tour operator insolvency 
  insurance law would have to be reformed in the wake of Cook's collapse, which 
  had shown that EUR110 million was far too low as an insurance sum. But 
  opinions varied whether premiums should simply be increased or a new model was
  necessary. The tourism managers were united in their support for Condor, which
  is currently in talks with potential buyers, as an independent leisure 
  airline. "It's important for Condor that we say that we want to have this 
  product in future. That will give any future investor the necessary security,"
  said Hartmann. "As an industry, we stand behind this airline and want to have 
  it as an independent carrier." Condor sales director Paul Schwaiger welcomed 
  this support. "If we had not had the support of our major customers, sales 
  partners and the public, then we would not have stood a chance," he admitted. 
  In future, Condor wanted to sell capacity mostly through diverse tour 
  operators with only a relatively small proportion of direct sales to 
  consumers, he added, according to FVW. 

Destination News

- Turkey drops as German bookings weaken in October: German bookings for top 
  holiday destinations dropped back in October with a slump in demand for 
  Turkey, Greece and parts of Spain reported FVW recently. The overall 3% fall 
  last month follows a surprisingly strong 8% rise in September. However, this 
  latter figure may have been distorted by a surge in new bookings by Thomas 
  Cook customers, given the 27% rise in summer 2019 bookings in September 
  reported by researchers TDA who highlighted this one-off effect. In October, 
  demand appears to have tailed off again as German consumers mostly focused on 
  destinations for winter 2019/20 holidays in the sun or booked early for next 
  summer, according to the Amadeus figures for package and online bookings for 
  the top ten mass destinations. Demand for Spain fluctuated strongly last 
  month. Bookings for Palma tumbled by 15%, continuing the generally weak demand
  for Majorca in recent months. Further west, however, three of the four main 
  Canary Island destinations grew on the German market last month. Bookings for 
  Fuerteventura (+12%) and Lanzarote (+9%) increased strongly while Tenerife 
  South (+1%) showed a slight rise. But Las Palmas (-7%) once again suffered a 
  significant decline. Greece had a poor month in terms of the German package 
  and online bookings. Both Heraklion (-7%) and Rhodes (-6%) saw weaker demand 
  in contrast to strong double-digit growth in September. 

Tour Operator News

- DER Touristik about to buy Sentido and Holiday Land: With DER Touristik, 
  holidaymakers can book 300 new hotels from the former Thomas Cook offer. In 
  addition houses of the marks belong Iberostar, Casa Cook and Aldiana. The 
  company is also aiming to acquire the hotel brand Sentido, which previously 
  belonged to Thomas Cook. This was announced by DER Touristik with the brands 
  Dertour, Meiers Weltreisen, ADAC Reisen, ITS and Jahn Reisen at the 
  presentation of its summer programme in Doha in Qatar. There are different 
  developments in travel prices: In the Canary Islands, for example, prices will
  fall by an average of five percent in summer 2020. In Turkey, on the other 
  hand, the price will rise by an average of 3.5 per cent, in Austria and Greece
  by four per cent. Domestic holiday prices are also rising by an average of 
  four percent. Moreover DER Touristik announced it wants to offer the 355 
  Holiday Land franchise partners "a new, secure and financially successful 
  home". The group already has one of the biggest travel agency networks in 
  Germany with 2,400 branded branches as well as a separate franchise Network. 

Aviation News

- Summer 2020 schedules: According to FVW, Germany's three main leisure 
  airlines Condor, Eurowings and TUIfly are all adding new holiday destinations 
  in various European countries next summer to boost their networks. Condor will
  take off to the Côte d'Azur for the first time, add new destinations in 
  Montenegro and on Cyprus, and also increase some of its existing frequencies 
  to Greece, Mallorca and the Canary Islands. From Frankfurt, the airline will 
  fly three times a week to Toulon, serving destinations along the Côte d'Azur, 
  and operate twice-weekly services to the Montenegrin port city of Tivat. There
  will be new twice-weekly flights to Paphos on Cyprus from Frankfurt, Munich, 
  Düsseldorf and Leipzig. Condor will also add more flights from various German 
  airports to the Greek islands of Mykonos, Samos and Santorini, as well as to 
  Gran Canaria, Tenerife and Fuerteventura. The airline has rescheduled capacity
  away from Turkey, Tunisia and Italy for these new and additional flights.   
  Eurowings will expand flights significantly next summer from Hamburg, 
  Stuttgart, Dusseldorf and Cologne to a mix of city and beach destinations. 
  From Hamburg, the Lufthansa budget airline will offer eight new destinations -
  Gothenburg, Oslo, Prague, Valencia, Malaga, Gran Canaria, Fuerteventura and 
  Larnaca - and increase flights to Thessaloniki. From Stuttgart there will be 
  new flights to Bucharest, Belgrade, Florence, Kos, Malta and Jersey, while 
  Malaga is a new route from Cologne. The Düsseldorf schedule will be expanded 
  with new routes to Gdansk, Sofia, Verona and Santorini, along with more 
  flights to Barcelona.   For its part, TUIfly is increasing capacity 
  significantly next summer from Nuremberg, where a second plane will be 
  stationed, with new flights to Palma and Corfu and more frequencies to Crete, 
  Rhodes, Gran Canaria and Hurghada. However, with seven stationed planes, 
  Düsseldorf will remain the airline's biggest departure airport next summer 
  with total capacity of 815,000 seats on nearly 100 weekly flights to 24 
  destinations. Meanwhile, TUI Germany will increase flight capacity to the 
  Dominican Republic by 50% next summer with three new weekly full charter 
  Eurowings A330 flights from Düsseldorf to Punta Cana between May and October.  

Best regards and enjoy your weekend,

your GCE Team

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