Analytics
No flights, no business: travel agency closures soar 34%
The number of travel agencies in Russia is declining sharply. In Q1 2026, company liquidations surged by 34.2% year-on-year to 1,200, while new business registrations remained flat. The total number of travel agency offices across million-plus cities fell by 1.6% to 6,400.
This downturn is driven by a sharp drop…