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Ifo: Business Climate in German Travel Industry Further Deteriorates in April

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The business sentiment among German travel agencies and tour operators worsened further in April amid the ongoing conflict in the Middle East, according to an ifo Institute survey published Wednesday.

The ifo business climate index for the sector declined to -43.5 points from -41.8 points in March. Companies viewed their present situation as "far worse," while their future outlook marginally improved as travel warnings for key transit countries in the Middle East were lifted at the end of April, the institute noted.

More than half of the surveyed companies flagged "weak" demand in April, as potential jet fuel shortages remain a source of uncertainty for travelers.

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