Up to 20000 Russians Unable to Visit Bulgaria due to Bankruptcies

Business » TOURISM | August 6, 2014, Wednesday // 12:27
Bulgaria: Up to 20000 Russians Unable to Visit Bulgaria due to Bankruptcies Photo by BGNES

Some 15 000 – 20 000 Russians will not be able to spend their holidays in Bulgaria due to bankruptcies of Russian tour operators.

In an interview for Monitor daily, Bayko Baykov, Chair of the Association of Bulgarian Tour Operators and Travel Agents, argued that the decline was observable on all outbound markets for Russia without exception.

He suggested that the bankruptcies of Russian companies in the sector would also have a direct impact on transport schemes.

Baykov said that the devaluation of the Russian ruble had affected the purchasing power of tourists, adding that the situation required great flexibility on the part of tour operators.

Meanwhile, yet another Russian travel agency announced Tuesday that it was suspending its activities.

IntAir said in a media statement that it was suspending operations due to the negative impact of currency trends and the political situation.

IntAir suffered a similar fate to four other Russian travel agencies, including Saint Petersburg-based Neva and Expo Tour, and Moscow-based Labirint and Roza Vetrov Mir.

Russia's state travel watchdog Rosturism admitted Tuesday that the suspension of the activities of IntAir would have a negative impact on tourism sector.

The "Turpomosht" association is currently helping stranded Russian tourists to return from their holiday destinations.

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Tags: bankruptcies, travel agency, tour operators, stranded tourists, Association of Bulgarian Tour Operators and Travel Agents, Bayko Baykov
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