Tourism Crisis in Germany likely to affect winter vacations
The reluctance to spend in Germany is likely to have an impact on Austria and Switzerland this winter. Initial signs point to fewer guests in the new season.
08.12.2024, 06:06
SDA
According to economists and experts, one of the main causes is the uncertainty of German consumers, who currently prefer to put money aside rather than spend it. When tourists save money on vacations, it tends to be on short trips and second and third vacations. This also includes winter vacations in the Swiss Alps.
"People in Germany only save on their main vacation to a very limited extent," says Dennis Utzerath, tourism expert at the Boston Consulting Group. According to a travel analysis by the Forschungsgemeinschaft Urlaub und Reisen in Kiel, there has already been a trend in the past two years towards limiting travel to one main vacation trip per year.
