Vacation
After the FTI bankruptcy: Is the desire for package holidays decreasing?
Germans love their summer holidays – and package holidays. A few weeks ago, the third-largest provider, FTI, had to file for bankruptcy. But the case also shows the advantages of this type of holiday.
Their end has often been predicted, and yet travel agencies and package tour providers are more successful than ever. They are profiting from the desire to travel among Germans, who spent more money on vacation last year than ever before: almost 80 billion euros. Tour operators are reporting record sales.
Package holidays remain popular
Kirstges does not expect any further bankruptcies at the moment. FTI took too high a risk with an aggressive pricing strategy. In addition, a data scandal led to a loss of trust. Other tour operators calculate more solidly and generate higher profits. Customers cannot currently hope for falling prices for package tours. Nevertheless, they remain popular: According to the German Travel Association, a quarter more people had already booked a tour operator trip for their summer vacation in March than at the same time last year.