CMB Travel planning for profit

Cristian Balcescu, the agency’s President, said that development of the CMB Events brand and integrated management implementation will contribute to its turnover.

According to Balcescu, the management strategy is necessary due to changes in Romania’s tourist segment. He added that CMB Travel will have to spend a lot of money due to a tourism recession.

The agency invested some €200,000 in 2007 to modernize and expand its headquarters and informational system. “The internet is an interesting solution for the consumer,” Balcescu said.

Balcescu estimates investments of about €300,000 in 2008. The company’s services portfolio includes the organization of company events, incentive travel and vacation packages.