Fear of reduction in hotel margins and total silence in the tourism sector in the south of Gran Canaria due to the effect on employment. If the air concentration between Gran Canaria and the Peninsula due to the purchase of Air Europa by Iberia, the concentration of travel agencies now involves one more turn of the screw: union of REWE (DER Touristik) and FTI, owners of Labranda or Meeting Point .
TUI has a serious liquidity problem and two competitors who want to stop the German operator that has accompanied the tourist destination in the south of Gran Canaria since before World War II when Preussag was Happad Lloyd. The Certares fund has confirmed that it maintains contacts with the owners of the REWE supermarket chain to finance a merger with FTI, the owner of Labranda and Meeting Point.
DER Touristik, according to Hosteltur, was very optimistic this January about the high season of 2023, and in fact its main brands have already registered a 50% rebound in reservations for next summer. Furthermore, another novelty that has been announced is that long-haul destinations will once again have significant demand next 2024. FTI has been developing important activity in the Canary Islands to compete in the winter segment and it is the most strategic destination and where it is concentrating its efforts in the German market.
