Ger­man book­ings up 41 per­cent y-o-y

Kathimerini English - - Focus -

The Ger­man unit of Euro­pean tour op­er­a­tor TUI said de­mand for sum­mer 2017 book­ings was “sig­nif­i­cantly” above the level seen at this point last year and that Ger­mans were once again book­ing their hol­i­days ear­lier. “Many Ger­mans who didn’t go on holiday last year are book­ing es­pe­cially early this year,” Se­bas­tian Ebel, head of TUI Ger­many, said in a state­ment yes­ter­day. Last year saw Euro­pean tourists avoid at­tack-hit Turkey and Egypt in fa­vor of des­ti­na­tions in the western Mediter­ranean such as Spain, forc­ing tour op­er­a­tors and air­lines to shift ca­pac­ity. Greece has re­placed Turkey as the sec­ond most pop­u­lar des­ti­na­tion for Ger­mans, TUI Ger­many said, and sum­mer book­ings for the coun­try are cur­rently 41 per­cent above where they were a year ago. Spain, Italy, the Ca­nary Is­lands and Croa­tia are also ex­pe­ri­enc­ing growth in book­ings of over 10 per­cent, TUI Ger­many said. coun­try reached 1.1 mil­lion. Hard­est hit were 15- to 24-year-olds, with that age group’s job­less rate drop­ping to 44.2 per­cent from 48.8 per­cent in the same month a year ear­lier. The read­ing in Oc­to­ber, based on sea­son­ally ad­justed data, was the low­est since March 2012, when un­em­ploy­ment had stood at sim­i­lar lev­els. The job­less rate hit a record high of 27.9 per­cent in Septem­ber 2013. Greece’s un­em­ploy­ment rate has come down from record highs but re­mains more than dou­ble the eu­ro­zone av­er­age of 9.8 per­cent in Novem­ber. The Greek govern­ment ex­pects un­em­ploy­ment to con­tract to 22.6 per­cent this year, based on its 2017 bud­get, which fore­sees the econ-

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