Tour operators announced a slight drop in demand after the fall of the ruble
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The weakening of the ruble led to a reduction in sales of tour operators, but so far it does not exceed 12% for individual players, reported on the website of the Association of Tour Operators of Russia (ATOR).
The BSI Group notes, in particular, that a number of tourists are trying to fit the tour to the budget, reducing, for example, the duration of the trip by one day or changing the type of room. At the same time, tourists prefer not to refuse vacations, the company added.
TEZ Tour has confirmed some sales are behind the norm for this period, but believes it’s too early to draw any conclusions. At the same time, the head of Space Travel, Artur Muradyan, drew attention to the fact that the ruble has been weakening for several months, so the tourists have adapted, and they “have gained a certain tolerance.”
“Real payments to operators for long-distance races are not received. Tourists wait and do not make a decision before the onset of penalties. Those who had plans to go on vacation are booking the budget segment more,” he added.
At the same time, Muradyan predicts a significant drop in sales of tour operators when the national currency falls to 120 rubles. per dollar and 150 rubles. – for the euro.
On August 14, the dollar exchange rate exceeded 100 rubles, and the euro – 111 rubles. for the first time since March 23, 2022. Later that day, the Central Bank announced the convening of an extraordinary meeting of the regulator’s directors, and today, August 15, raised the key rate by 3.5 percentage points to 12% per annum. In a press release following the meeting, the regulator explained the rate hike as an attempt to limit risks to price stability. The last time the Central Bank raised the rate less than a month ago – by 1 percentage point at a meeting on July 25. Since September 2022, it has been at the level of 7.5% per annum. After the decision of the Bank of Russia to raise the key rate, the dollar fell up to 95.53 rubles, euro – up to 104.33 rubles.
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