DRV revisa al alza las previsiones del emisor alemán para 2024
🏖 The German Travel Association (DRV) forecasts a 6% growth in travel spending to €80 billion for the year, exceeding initial predictions of 4% growth and €78 billion expenditure. DRV President, Norbert Fiebig, notes vacations remain a high priority for Germans, with self-organized and tour operator trips included in the projections. Despite energy and living cost increases, factors such as higher disposable income and favorable job conditions have driven this positive trend. The Eastern Mediterranean and cruises are trending, while the European Football Championship in Germany boosts domestic travel. FTI Group's bankruptcy caused a spike in new bookings for organized trips. For winter 2024/25, a 4% sales increase to €26 billion is expected, with a 1% rise in traveler numbers. DRV's forecasts, released biannually in January and July, are developed with industry experts and based on historical and current booking data, as well as economic factors.
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