The latest terrorist attacks and weak bookings are making travel agents in Germany more pessimistic about business prospects.
Holiday bookings still remain well behind last year, even if demand has slightly strengthened in recent weeks, according to tour operators. The Western Mediterranean and domestic holidays in Germany are still selling well but demand for Turkey, Egypt and Tunisia has slumped heavily.
The terror attacks in Istanbul and Brussels have now further depressed the mood among German travel agents, according to the latest monthly confidence index by consultants Dr Fried + Partner for fvw. The index weakened to 95 points in March compared to a high 103.9 points in the same month last year.
Figure for current sales slightly better
Slow sales in recent months are the main reason for this decline. Only 26% of survey respondents said they had increased sales in recent months compared to 34% who reported a decline. The figure for current sales is slightly better, with one third saying their sales are rising at present.
But the outlook for the coming months is particularly pessimistic. Only 17% said they expected profits to improve in the next six months while 27% believe they will see lower sales and profits. Similarly, 26% predict falling demand in the coming months compared to 23% who predict a rise. More than half of respondents do not expect any change in demand.
Source: fvw.com
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