The ruble is falling. What will happen to tour prices?
Foreign currencies on the Moscow stock exchange on April 9 showed a significant increase. As of 18:00, the euro for the first time since August 3, 2016 rose above the mark of 75 rubles, the dollar rose to 60.13 rubles.
Current quotes of the American and European currencies significantly exceeded the results of the previous day of trading – Friday, April 6 – by 1.95 rubles and 2.66 rubles, respectively. According to experts of the financial market, a noticeable drop in the ruble exchange rate can be explained by sanctions imposed by the United States against Russia, and the deterioration of the situation in Syria also affects.
According to market participants, the unstable state of the national currency can adversely affect the tourism business. In the event that the ruble exchange rate settles after a sharp fluctuation, sales of vouchers may stop. Perhaps the clients of travel agencies will take a pause to understand the further development of the situation in the financial markets.
The weakening of the ruble will not affect all directions equally. For example, Greece, where the All-inclusive food system is widespread, this will affect less. For France, Italy or Spain, the drop in sales could become more severe due to the fact that tourists will find it difficult to plan their spending during the trip.
Yvette Verdian, director of promotion and advertising at BSI Group, believes there is no need to worry. She is sure that our compatriots will not refuse to buy tickets. If the situation does not stabilize, people are likely to choose their destination more carefully, refocusing on countries with lower prices, reduce travel time or stay in more economical hotels.
According to information: tour