web analytics

Unstable Exchange Rates Cause Sales Slowdown in Russian Tour Operators


The currency exchange rate has surpassed a psychological threshold: the euro has risen to 91 rubles, and the dollar to 84 rubles. Russian tour operators have already noticed a slowdown in sales. The unstable exchange rate has already had a negative impact on TEZ Tour: the company’s sales have declined by 35% compared to the same period in previous weeks. In addition to the immediate changes, the exchange rate volatility will have longer-term consequences for the market.

In the medium-term perspective, TEZ Tour warns of the increasing cost of tours to Turkey. Compared to the same period last year, the euro has increased by almost 1.5 times, or 46-47%, when comparing practically day by day. If the currency exchange rates continue to rise for 2-3 weeks, it will have a negative impact on the depth of sales, particularly in August. Furthermore, exchange rate fluctuations can also affect the formation of winter tour packages.

Read Previous

Four Seasons Hotel Denver Partners with Canine Partners of the Rockies for Sunday Dinner with Service Dogs

Read Next

Wizz Air to Switch All Aircraft to Airbus A321neo at London Luton