German Aviation Market is the Fifth Largest in the World

Date: 2015-09-17

• The German aviation market is the fifth largest in the world, according to Airbus. The market performed well during the review period, with total revenues increasing from EUR26.3 billion (US$36.5 billion) in 2009 to EUR33.6 billion (US$43.2 billion) in 2013, at a CAGR of 6.32%. This growth was driven by an increase in tourist volumes, growth in the volume of low-cost carriers (LCCs) and an increase in air capacity.

• Germany’s hotel market profited from an increase in the number of domestic and international visitors during the review period. Total hotel revenue increased at a CAGR of 8.90%, from EUR7.8 billion (US$10.8 billion) in 2009 to EUR11.0 billion (US$14.6 billion) in 2013, with budget hotels recording the highest growth in revenue at a robust CAGR of 9.37%.

• Germany’s car rental market value rose at a review-period CAGR of 3.92%, from EUR2.7 billion (US$3.8 billion) in 2009 to EUR3.2 billion (US$4.2 billion) in 2013. Growth was fueled by an increase in international visitors and domestic tourists, as well as a rising number of business events taking place in the country.

• Germany’s travel intermediaries’ industry value increased at a review-period CAGR of 6.68%, from EUR21.2 billion (US$29.5 billion) in 2009 to EUR27.5 billion (US$36.4 billion) in 2013. This growth will be driven by increases in leisure and business travel, and a rise in online bookings.

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