The German Travel Association warns that failure to extend bridging aid for travel agencies and tour operators could lead to a large wave of bankruptcies. The professional representation refers to a survey and states that 98 percent of the tour operators and 96 percent of the agents would depend on the state's drip.
Due to the corona pandemic and the extremely weak demand, tourism has been recording negative sales since around April 2020. That means you had to pay more reimbursements than new orders could land. The complicated entry and quarantine regulations and the targeted stigmatization of travel led to extremely low demand in the Federal Republic of Germany.
The DRV carried out a survey in which 450 members took part. These were tour operators and travel agencies. The vast majority indicated that both short-time work and bridging aid from the federal government were used. Without these support services, one would not have been able to keep the jobs or the company.
It also appears interesting that well over 90 percent of those surveyed stated that they assess the economic situation for the full year 2021 as "very difficult". It is expected that at most 50 percent of 2019 sales can be achieved. Around two thirds said that they expected a maximum of 25 percent.
Around 90 percent of brokers and 85 percent of tour operators are of the opinion that the bridging aids need to be extended. After all, two thirds also call for short-time working to be continued. Otherwise, many companies face the risk of going to bankruptcy judges due to the tight financial situation.