ATOR criticized amendments to legislative about tourism industry in Russia which were discussed on February 25, 2015 in the State Duma. Russian tour operators explained that the current legislative takes into account either real situation in tourism industry neither economic situation in…

The 2014 travel season was extremely difficult for Cyprus. The island went through financial losses, saw the flag-carrying airline Cyprus Airways leaving the market after almost 70 years of service. The inbound tourist flow to Cyprus added very modest 1.5%. Two countries are responsible for this growth…

Long-haul tours from Russia are being sold in accordance with the market situation: following a significant price rise amidst the currency exchange rate growth, the demand has gone at least 50% down. And the more affordable a destination the better it performs.

Middle-class hotels…

On the 2-nd of February 2015, the Civic Chamber of the Russian Federation was discussing the changes to tourism law in Russia.

According to the members of the Chamber, the new legislative project has number of disvantages which can result in new bancrupts of small tour operators, monopolization…

The reasons for such decisions are not known yet.

Claim for bankruptcy of tour operator VERSA was registered on January 26, 2015. The company informed about termination of business in international tourism on September 15, 2014. For that moment, 9 000 clients of tour operator were…