Tour operators keep the cost of holidays abroad due to the weakening of the ruble

© RIA Novosti / Vladimir Traveloperator in photobacteria rubles. Archival photoTour operators keep the cost of holidays abroad due to the weakening of the ruble© RIA Novosti / Vladimir Traveloperator the image Bank

The depreciation of the ruble leads to the inevitable increase in the price of the holiday for Russians abroad, but tour operators are trying to curb the rising cost of tours to the detriment of their profits, said RIA Novosti head of the Federal tourism Agency Oleg Safonov East economic forum.

The ruble in August weakened by 7.5% against the USD and 6.7% against the Euro, ending the month at 67,55 rubles per dollar and 78.37 ruble per Euro. In September, the weakening of the Russian currency continued, and on Monday, September 10, the dollar and the Euro for the first time since March in 2016 rose above 70 rubles and 81 rubles respectively.

Safonov noted that it is impossible to estimate to what extent the fluctuations of the Russian currency affects the tourism industry.

«If we are talking about outbound tourism, when our citizens go abroad, in this case, the package denominated in foreign currencies, there is a close connection of air tickets to foreign currency. We have to admit that this segment of the industry is directly linked to monetary changes», — said the head of the Federal tourism Agency.

However, according to him, although the relationship with the exchange rate here and video, but the change is not fully covered in the cost of tours.

«In addition, with the growth rate of foreign currency profitability of the tourism business is shrinking, as tour operators try to keep the product cost at a reasonable level, reducing their profits. In this case are those costs which objectively needs to be covered, and they immediately lead to higher prices of tourist products,» — said the Agency interlocutor.

Fourth Eastern economic forum will be held at the site of the far Eastern Federal University campus on the Russian island on September 11-13. MIA «Russia today» is the General information partner of the WEF.

Tour operators keep the cost of holidays abroad due to the weakening of the rubleIV international economic forum

Source