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Germany joins European destinations to witness growth momentum

Germany joins European destinations to witness growth momentum



This destination has since evidenced two successive months of sales growth of 10%

18th April 2017.

 

Whilst the gains seen across the major destination markets across the European landscape have consistently witnessed growth rates of 20%+ since the start of the year, January 2017 provided a modest gain of only 2% for retailers in Germany. However, this destination has since evidenced two successive months of sales growth of 10%, inferring increasing optimism post the Berlin attacks at the end of 2016, with a rate of growth not seen since prior to the attacks in the summer of 2016.

 

These gains were achieved despite a continued reticence in Chinese tourist spend, off-set by strong sales growth to tourists from Russia, Ukraine and Taiwan. Although the 4% forecasted increase in arrivals to Germany in the second quarter of 2017 suggests a modest increase relative to the other major European destinations, this continues to provide signals of optimism for a rebound in this market.

 

Whilst Chinese tourists are expected to see only a moderate gain of 2% in the next three month period, the double digit gains of 11% and 15% in Russian and Taiwanese tourists, respectively, portends continued momentum.

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