Outbound tourism market starts to feel pressure


Latvian travel agencies and tour operators have started to feel local inhabitants’ declining purchasing power. It is predicted in this article that travel agencies will experience slight growth in 2008, but that some smaller agencies may go bankrupt. However, many entrepreneurs think that the desire to travel among people in Latvia will not reduce. Tour operator Novatours served 120,000 tourists more in 2007 than in the previous year, but the travel agency Impro Celojumi experienced a fall of the number of customers in March and April.

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