The FTI Group closed the 2022/2023 financial year well on October 31. Despite challenges such as wildfires, the growth was mainly due to a strong summer. "Our reserves are at pre-pandemic levels," says FTI Group CEO Karl Markgraf. “And we are expected to achieve consolidated annual sales of 4.100 billion euros. This corresponds to an increase of almost ten percent compared to the previous year, when we reached 3.760 billion euros.”
The areas that compete the most with Maspalomas in FTI are the Riviera and the Aegean in Turkey, the Red Sea in Egypt, Dubai, Mallorca, Crete, the Maldives and Mauritius, Mexico and the Dominican Republic, as well as Tanzania. The United States, Thailand, Bali and Kenya recorded the highest growth.
FTI kicks off the summer 2024 season with many new accommodations, flights and tours in all destinations: "Summer 2024 is all about early bookings," says Karl Markgraf, who reports a notable number of early bookings from May 2024. The CEO is confident that those who booked early would be able to offset the price increases.
On top of that, an early booking discount of up to 55 percent is applied to the hotel price. This early bird reservation must be booked by November 12. Subsequently, discounts at different levels can be booked until March 31, 2024. Separate discounts apply to the group's own hotels under the brands Labranda Hotels & Resorts, Kairaba Hotels & Resorts, Design Plus Hotels, Lemon & Soul and Managed by MP Hotels, which peak at 43 percent.
Price-sensitive families receive the most attention at FTI. In classic family destinations such as Egypt, Maspalomas, Greece, Tunisia, Bulgaria or Turkey, many hotels allow up to two children, with an average age of up to twelve years, to stay free of charge in their parents' room. In addition, the organizer has expanded its portfolio with numerous family accommodations in all popular package destinations and in the self-arrival zone.
FTI expects that many guests will choose their vacation destination based on price. The portfolio has especially expanded in destinations such as Poland, Tunisia, the south-eastern European countries on the Adriatic and the Black Sea, which generally have lower price levels. An important component here are Tunisia and Morocco, where prices have remained relatively constant compared to the previous year. In addition to the new hotels, there are two direct connections with partner airline Nouvelair from Munich and Berlin to Monastir.
