Condor German leisure airline Tour operators are ready to invest in Condor Several tour operators would be prepared to invest in Condor to help keep the German airline operating long-term following the insolvency of the ...more by Paul Needham – Thursday, October 03, 2019
Schauinsland-Reisen GmbH Summer 2020 programme Schauinsland achieves moderate growth in tough year German tour operator Schauinsland-Reisen managed to generate 2% growth this year amid difficult trading conditions but has made a fast start to bookings for winter 2019/20. ...more by Paul Needham – Wednesday, October 02, 2019
Thomas Cook Tour operator collapse Thomas Cook Germany declares insolvency but Berk seeks Neckermann comeback Thomas Cook Germany has been forced to declare insolvency and cancel all holidays until mid-October but managing director Stefanie Berk hopes to save the tour operator business through a “rebirth” of Neckermann Reisen. ...more by Paul Needham – Thursday, September 26, 2019
Condor Tour operator insolvency Thomas Cook Germany and Condor seek state aid Both Thomas Cook Germany and Condor are seeking government loans to keep trading after some 600,000 holidaymakers, including 140,000 Germans, were hit by the dramatic collapse of British parent company Thomas Cook Group. ...more by Paul Needham – Tuesday, September 24, 2019
Klaus Hildebrandt Seatrade Europe German cruise market sails towards three million passengers The German cruise market is likely to reach a new record of three million passengers in the coming years despite environmental debates, according to experts at the Seatrade Europe conference in Hamburg this week. ...more by Paul Needham – Wednesday, September 11, 2019
RTK Internationalisation RTK takes over 250 Belgian travel agencies Major German travel agency cooperation RTK is expanding abroad with the takeover of 250 travel agencies in Belgium. ...more by Paul Needham – Wednesday, September 11, 2019
Michael Krane Financial rescue Thomas Cook Group seals £900 million recapitalisation and heads for break-up Thomas Cook is set to be split into separate tour operator and airline businesses within weeks after the financially troubled group secured £900 million in recapitalisation funding from Chinese shareholder Fosun and its banks. ...more by Paul Needham – Thursday, August 29, 2019
Lufthansa German aviation summit Lufthansa pushes synthetic fuel and emissions compensation The German aviation industry, led by Lufthansa, has won government support for technological and technical solutions such as synthetic fuels and emissions compensation to reduce the sector’s environmental impact as it seeks to avoid a new CO2 tax on air fares. ...more by Paul Needham – Thursday, August 22, 2019
OYO Vacation Homes Strategic expansion Oyo plans €300 million investment in European holiday homes Fast-growing Indian hotels group Oyo will splash out €300 million to upgrade holiday homes across Europe, including with pools and saunas, to attract millennials and overseas travellers as it invests heavily in response to rising demand. ...more by Paul Needham – Wednesday, August 14, 2019
TUI / Christian Wyrwa Q3 financial results TUI sells German brands as quarterly profits slump TUI has sold two German specialist brands for €100 million to reduce dependence on the ‘volatile’ tour operator business as Q3 profits were hit hard by the B737 Max grounding. ...more by Paul Needham – Tuesday, August 13, 2019
Amadeus Top 15 earners Here are the best-paid European travel industry CEOs Airline and hotel CEOs dominated a Skift ranking of the 15 best-paid tourism bosses in Europe, which featured only two women along with 13 men. ...more by Paul Needham – Monday, August 12, 2019
Thomas Cook fvw interview Thomas Cook "won't get a Chinese uniform look", says CEO Fankhauser The planned takeover of Thomas Cook Group’s tour operator business by China’s Fosun Group is a growth opportunity, CEO Peter Fankhauser tells fvw in an exclusive interview. ...more by Paul Needham – Tuesday, August 06, 2019
Klaus Hildebrandt Financial restructuring Turkish tourism entrepreneur buys up Thomas Cook stake Neset Kockar, founder and head of Turkey’s Anex Tourism Group, has acquired a 6.7% stake in Thomas Cook as Europe’s second-largest tourism group heads for a break-up into separate tour operator and airline companies. ...more by Paul Needham – Thursday, August 01, 2019
Tourist Board Dominicanian Republic Caribbean destinations Dominican Republic seeks more flights as Cuba declines The two biggest destinations in the Caribbean for German tourists face tough times this year as a lack of flights holds back the Dominican Republic and high prices weaken demand for Cuba. ...more by Paul Needham – Tuesday, July 30, 2019
Studiosus/Parzinger Destination trends Studiosus sees North Africa and Middle East comeback German cultural travellers are returning to destinations in North Africa and the Middle East, according to a leading specialist tour operator. ...more by Paul Needham – Thursday, July 25, 2019
C. Wyrwa fvw workshop Barbados is back on the German travel industry map Barbados aims to make a comeback on the German market with more marketing, more flights, a diverse mix of hotels and a wide range of activities for holidaymakers, the recent fvw workshop showed. ...more by Paul Needham – Wednesday, July 24, 2019
Lenthe/touristik-foto.de fvw Kongress 2019 Endless growth or an end to growth? Sustainability will be a major topic at the fvw Kongress in Cologne on September 17 – 18 as experts debate whether the travel and tourism industry can continue growing as it has in the past in the face of increasing environmental protests, not least the Fridays for Future movement. ...more by Paul Needham – Tuesday, July 23, 2019
TUI German market trends Tour operators launch 2020 holidays Leading tour operators in Germany are already taking bookings for summer 2020 holidays at the same time as trying to stimulate bookings for this summer. ...more by Paul Needham – Thursday, July 18, 2019
GettyImages Destination trends Majorca cuts prices for German tourists Hoteliers on Majorca have slashed prices to persuade German holidaymakers to return to their favourite Spanish island instead of heading for cheaper destinations such as Turkey and Egypt this summer. ...more by Paul Needham – Thursday, July 11, 2019
Cathrin Lührs fvw Kongress 2019 Holiday homes leader Awaze presents growth plans Freshly rebranded Awaze is Europe’s largest supplier of managed holiday homes, a market with big growth potential. Swedish CEO Hendrik Kjellberg will outline the group’s ambitions and his views on the future for vacation rentals at the fvw Kongress. ...more by Paul Needham – Tuesday, July 09, 2019
