Outbound travel from Germany to soar in 2011

German businesses and households are allocating more to travel budgets

A new report by Germany’s Commerzbank says that 2011 could be an excellent – even a record – year for the country’s travel and tourism industry. Travel expenses will continue to rise this year. That is the conclusion of several studies commissioned by the bank, showing that many companies are again increasing their business-travel budgets for the year ahead.

Leisure tourists will also spend more money on foreign travel in 2011, the bank says, as positive economic figures in Germany in recent months embolden travellers following two years of caution and austerity during the financial crisis. Germans could spend as much as €61.3 billion on travel abroad this year, according to forecasts.

However, the impact of the financial crisis has been so deep that it is continuing to affect German companies and households, and will do for some time to come. The Commerzbank studies state that travel is of course vulnerable to further crises, but underlines that the German economy has now essentially recovered from the financial crisis’s effects. The forecast for incoming tourism is also excellent, with figures possibly even reaching those seen in 2008.

Travel-one

x

Check Also

Hurtigruten, Roald Amundsen, new, expedition, ships, vessels, cruise, Antarctica, Chile, South America, adventure, tourism, float out, Norway, construction

Hurigruten floats out new explorer ship

Roald Amundsen has innovative technology and a range of special features.

Frantzén, restaurants, Michelin, stars, Denmark, Copenhagem Stockholm, Sweden, guide, award, Geranium, Noma

More Michelin stars for Sweden and Denmark

Sweden has its first three-star restaurant, while both countries get new restaurants with stars.

SiteMinder, Ideas, hotels, white paper, robots, AI, artificial intelligence, hoteliers, future, tech, travel, guests, service, bookings

Hoteliers want – yet fear – robot-run future

Research shows that hoteliers know artificial intelligence is the key to guest personalisation.

Norway, tourism, incoming, inbound, travel, tourists, car, drive, Lofoten, rental, hire, danger, bend, photos, stop, park

Norway road agency buys safety vests for tourists

Tourists driving through scenic Lofoten will often stop at dangerous spots to take photos.

Helsinki, Tencent, technology, Chinese, social media, service, real-time, information, tourism, guide, WeChat

Helsinki partners with Tencent to woo Chinese

The Finnish capital launches a new partnership with the Chinese tech giant.

Helsinki airport, Chinese, China, routes, service, social media, hot water, alipay, unionpay, guides, language, help, wechat, youku, Sina Weibo

Finnish airports enhance service for Chinese

Free envelopes with discounts and New Year wishes are just the tip of the iceberg.