CRD Bankruptcy due to corona North America specialist CRD International has to give up Another victim of the corona crisis: CRD International has filed for insolvency. The Hamburg-based tour operator, founded in 1975, has been ...more by Holger Jacobs – Wednesday, April 22, 2020
FTI fvw interview Sawiris and Gunz see positive future for FTI Group Europe’s third-largest travel group FTI can look forward to a financially solid future and sees new opportunities once holiday sales resume fully, new majority owner Samih Sawiris and CEO Dietmar Gunz told fvw in a joint interview. ...more by Paul Needham – Wednesday, April 22, 2020
Jan Greune Cancelled bookings Tour operators offer incentives for vouchers German tour operators are offering cash and other incentives to persuade customers to accept holiday vouchers for new bookings rather than repayments for cancelled bookings. ...more by Paul Needham – Thursday, April 16, 2020
Tourism Authority of Thailand Corona crisis Tour operators already make 2021 holidays available Due to the corona crisis, all leisure travel by Germans has come to a standstill. While it is uncertain when people can go on holidays again this year, leading tour operators in Germany are already taking bookings for summer 2021. ...more by Holger Jacobs – Thursday, April 16, 2020
Condor Failed deal Condor seeks state aid after LOT pullout German leisure airline Condor is again seeking state support after Polish carrier LOT pulled out of an ambitious takeover deal for the former Thomas Cook Group airline. ...more by Paul Needham – Tuesday, April 14, 2020
FVW Medien/KH Egyptian investor Sawiris plans to take over majority stake in FTI Group Samih Sawiris intends to take over a majority interest in FTI Group. The Egyptian investor is already a shareholder of the Munich-based tourism group and is involved in the financing package which was finalized last week. ...more by Holger Jacobs – Thursday, April 09, 2020
AIDA Cruises Rough seas Cruise firms extend cancelations into May Cruise operators are starting to cancel sailings in May due to worldwide Covid-19 travel restrictions, going beyond German package tour operators who have so far cancelled all holidays until the end of April. ...more by Paul Needham – Thursday, April 09, 2020
Privat Government support State-backed vouchers for cancelled package holidays The German tourism industry has welcomed the government’s decision in favour of money-back vouchers for cancelled package holidays, saying it will prevent widespread insolvencies and job losses throughout the sector. ...more by Paul Needham – Thursday, April 09, 2020
Christian Wyrwa/TUI Sales moves German tourism industry pushes for vouchers The German tourism industry is lobbying hard for money-back vouchers like in other European countries to save holiday bookings for this year. ...more by Paul Needham – Thursday, April 02, 2020
DER Touristik Financial turbulence Cost-cutting, state aid and insolvencies German travel companies are rapidly cutting costs but smaller firms are starting to close down as the corona crisis sweeps over the industry. ...more by Paul Needham – Thursday, April 02, 2020
fvw/IL fvw video conference German tourism bosses call for cash The German tourism industry needs cash as quickly as possible to survive the coming weeks as well as possible and save something of the summer 2020 season, top managers said in an fvw video conference. ...more by Paul Needham – Wednesday, April 01, 2020
DRV Survival call German tourism industry faces dramatic financial hit The German travel and tourism industry is calling for an urgent government aid programme and state-backed ‘holiday vouchers’ to prevent a massive short-term €4.8 billion financial hit that could result in countless insolvencies within weeks. ...more by Paul Needham – Thursday, March 26, 2020
Eurowings Corona crisis Tour operators fly customers home and cancel Easter holidays Leading tour operators and airlines in Germany have flown up to 100,000 customers home in the country’s biggest-ever repatriation programme and all holiday bookings have been cancelled until the end of April. ...more by Paul Needham – Tuesday, March 24, 2020
fvw North/East/Central Asia Ups and downs for Far East destinations Destinations in North, East and Central Asia performed very differently on the German outbound travel market last year, according to the fvw Destination Ranking 2020. ...more by Paul Needham – Monday, March 23, 2020
fvw Central Europe Steady growth for nearby destinations Germans continued to take more domestic holidays and travel more to nearby destinations in Central Europe last year, the fvw Destination Ranking 2020 showed. ...more by Paul Needham – Wednesday, March 18, 2020
Condor Worldwide airlift Germany flies all holidaymakers home Tens of thousands of German holidaymakers are being flown home in a worldwide 'airlift' after the foreign ministry issued a global travel warning as countries around the world close their borders. ...more by Paul Needham – Tuesday, March 17, 2020
Thinkstock Foreign ministry advice German tour operators cancel all bookings to end-March TUI, FTI, Alltours, Schauinsland-Reisen and other tour operators today cancelled all bookings until at least late March after the German foreign ministry officially advised against all international travel in the next few weeks. ...more by Paul Needham – Monday, March 16, 2020
Viking Cruises / fvw Coronavirus crisis Tourism firms cancel holiday bookings Tourism firms are starting to cancel German bookings as sales slump and more and more countries worldwide impose drastic travel restrictions to combat the spread of the Covid-19 ...more by Paul Needham – Thursday, March 12, 2020
DRV Coronavirus crisis German tourism chiefs seek state support German tourism leaders have called on the government to provide financial support amid a dramatic bookings slump as worried consumers delay holiday bookings, companies cancel business trips and destinations impose travel restrictions to combat the spread of the Covid-19 virus. ...more by Paul Needham – Wednesday, March 11, 2020
fvw Northern Europe Germans go for Nordic combinations Scandinavia remains a top holiday region for Germans, although there are mixed trends for overall international visitor numbers, the fvw Destination Ranking 2020 showed. ...more by Paul Needham – Monday, March 09, 2020
