"Factors that contributed to obtaining this value were normal market growth and partnerships with new corporate clients," Nicolae Demetriade, President of Happy Tour, told Business Standard.
Demetriade estimates €47 mln in turnover by year-end, according to the company's 2007 budget. Business tourism has been one of the growth engines for local travel agencies in the past few years. Romania's acceding to the European Union also increased the number of foreign companies with local subsidiaries.
Greece, Spain, Turkey, and Portugal were some of the most important travel destinations this summer. For the winter season, Demetriade said the external destination travel market registered constant growth, due to a lack of options and quality services in Romania.
Happy Tour's main competitors are Marshal Tourism, Eximtur, and Paralela 45. The top ten travel agencies in Romania registered a total turnover of some €200 mln in 2006.
Happy Tour's ten-month turnover equal to the 2006 level
Publicat la 28.11.2007, 22:00:00
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