Wednesday 17th March 2021
Trendtours is optimistic
State helps travel operators with 23 million
As a specialist in bus tours in Europe, which are particularly popular with the elderly, the travel company Trendtours hopes to be able to get started again soon. Not only the bookings of the past weeks give hope, the company is also supporting a financial injection from the state.
The German state is supporting the travel company Trendtours from Kriftel near Frankfurt with a loan of 23 million euros. This emerges from a list of the Federal Ministry of Economics on the activities of the Economic Stabilization Fund and was confirmed by a company spokesman.
The company, founded in 2005, specializes in trips for the elderly and was one of the larger tour operators in Germany in 2019 with around 400,000 guests. "We are thus creating scope for a successful restart in good time," said Trendtours boss Markus Daldrup, according to a press release. "As a specialist for best agers, we will be one of the first providers to get started again." The predominantly older customers belonged to the groups of people who have already been vaccinated or will be vaccinated in the next few weeks. The current demand also gives cause for optimism.
In the past week, the company had more bookings than it had in months. Accordingly, the main demand is for trips for the second half of 2021. According to Trendtours, most recently reported sales of more than 300 million euros. The main focus is on bus tours in Europe, but air and boat trips are also part of the program. The company employs 170 people in Germany and more than 1000 guest advisors in the holiday areas.
The economic stabilization fund has already supported companies from the tourism industry, which has been hard hit by Corona, on several occasions. The best-known cases are Lufthansa and tour operators such as TUI, FTI or Berge & Meer. The department store group Galeria Karstadt Kaufhof and the shipbuilder MV Werften have already received state aid. The federal government founded the Economic Stabilization Fund in March 2020 to support large companies with guarantees and capital aid during the Corona crisis and to preserve jobs.
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