With the exchange rate of the Euro against the U.S. dollar down by more than 20 percent than what it was a year ago, it should come as no surprise the travel trade in Germany—the largest inbound source market in the Eurozone—is feeling queasy about the outlook for the remainder of 2015 just as ipw launches on May 30 in Orlando. More than 50 buyers are expected to come to Orlando from Germany.
- Bookings for winter and summer holidays had increased by just 1.7 percent,
- Summer 2015 sales were slightly better with a 2.8 percent rise; and
- The resulting cumulative increase was 5.9 percent.
- The German travel trade publication, fvw, had its own take on the numbers calling the 1.7 percent monthly increase “surprisingly low.”
And now, reports fvw, German travel agents are more pessimistic about sales prospects this month. According to the publication’s latest monthly fvw sales climate index survey, in May, only 30 percent of surveyed agents reported “good sales” compared to 34 percent last month, while the number with “poor sales” increased to 28 percent vs. 16 percent last month. Twenty-four percent of travel agents now expect weaker sales in the coming months compared to just 14 percent last month.