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18/01/2024 By : Albert Jennings, GIA Germany

German travel agencies generate strong turnover at the end of 2023

Invoiced turnover of the travel agencies recorded in the travel agency index of the back office service provider “Tats” rose again in December and is now 13% higher than in the previous year. The cumulative figures from January to December are 31% higher than in 2022.

The monthly value of tourism turnover has risen and is now up 17% in December and 19% cumulatively compared to the previous year. The same can be seen in the cruise sector, where the monthly figure was up 43% in December and 41% cumulatively. Sales in the flight sector increased slightly in December, remaining up 12% year-on-year and cumulatively up 40% compared to 2022.

Better Figures than 2019

Compared to December 2019, the total turnover of travel agencies also increased by 24% in December 2023. Cumulative invoiced sales also show an increase of 20%. Compared to December 2019, tourism turnover in December 2023 was up 16% and cumulative turnover was up 9%. Compared to 2019, the cruise sector recorded a monthly increase of 40%, with cumulative turnover up 18%. In the flight sector, there was a further increase compared to December 2019, with the monthly figure up 32% and the cumulative figure up 23%.

Forward Bookings/sales in the Pipeline remain in positive territory. Forward bookings for travel from November 2023 to October 2024 show a year-on-year increase of 22%.

Tats is a back-office service provider to the tourism industry. The booking and accounting data of around 2,500 affiliated travel agencies are recorded for the monthly travel agency review.

(ReiseVor9, Jan 17, 2024)

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