Silver line on the horizon: According to the latest figures from IT services company TATS, German travel agencies registered fundamental increases of their revenue in the important holiday month of August. Overall business was up by 84% compared to the level one year ago, with all segments growing by more than 50% and cruises (where ocean cruise business was almost entirely down in summer 2020) even almost tripling revenues (see left chart).
Sobering comparison to pre-Covid-19 times
But the comparison to August 2019 is sobering: Overall travel revenues were down by almost two thirds with especially airline ticket sales being deeply in the red (right chart). Looking at the first eight months of the year, travel agencies still complain about a 27% decrease in 2021 in comparison to the same period in 2020. This is a improvement of the revenues year-to-date after there had still been a 46% decrease in July.
However, the volume of orders showed a positive trend at least for cruises: For departures until October 2021, the volume now is just 1.6% b lower than the 2019 level. A month ago, there was still a backlog of 71% for cruise sales.TATS
(Travel Agency Technologies & Services) is one of the few remaining companies still providing regular figures about the German outbound travel market. The company provides various products for the travel industry, including its Ibiza financial management software.