At the end of May, the cumulative increase in turnover was still 17 percent compared to the previous year; at the end of June it was only 12 percent – it was foreseeable that the loss of bookings from the tour operator FTI, which went bankrupt at the beginning of June, could not be compensated for so quickly, despite the many special offers with changed advance payments and cancellation regulations with which other tour operators reacted to the FTI bankruptcy.
German travel and business magazine fvw reports that 90% of FTI travel bookings that had to be cancelled due to the tour operator's insolvency relate to holidays in the current 2024 summer season. The TDA analysis now shows that 46 percent of booking turnover in June 2024 was attributable to short-term travel bookings for the summer months of June, July and August – four percentage points less than in the same month last year.
Türkiye's share propped 11 percent
Türkiye accounted for around a quarter of sales, but growth is losing momentum: cumulatively, Türkiye slipped from plus 37 percent at the end of May to plus 26 percent