Thursday, March 19 2020 17:32
Emmanuil Mkrtchyan

Current revenue of Armenian tour operators is close to zero

Current revenue of Armenian tour operators is close to zero

ArmInfo. The current revenue of Armenian tour operators over the past month is close to zero, both for inbound and outbound tourism. An expert on tourism of the Slice  Tours company told ArmInfo correspondent about this.

According to the expert, inbound tourism in Armenia has just begun to  gain momentum after the off-season lull. The first reservations made  in January-February of this year were canceled at the beginning of  March.  Real and potential income equaled to zero, and current  expenses and investments have not yet justified themselves in this  direction.

As Nane Matevosyan said, the company coordinated by her recently  entered the inbound tourism market, invested funds for brand  promotion abroad for about a year - promoting the company on online  platforms, developing and testing appropriate tour packages, creating  advertising materials based on them and participating in expensive  international expo. "We have not yet managed to reap the benefits of  our investments, and in today's situation of complete uncertainty, we  don't know when we will be able to do this," she emphasized.

At the same time, speaking about the situation in terms of outbound  tourism, the specialist emphasized that March is the first month when  travel agencies cease to bear losses and at least ensure "zero". 

According to the expert, the entire tourism business in Armenia  carries serious losses. All current reservations are simply canceled,  many of them are canceled with fines. Airlines make cancellations at  its discretion. For example, the Polish LOT cancels departures and  does not return money, but leaves the tour agencies on the account at  the expense of future departures, and the low-budget WIZZAIR did not  even bother to announce the cancellation of departures to Austria,  although Austria closed the borders for foreign citizens.

Speaking about the marginality of the tourist industry, the  specialist noted that the market has fallen so much that there is no  sense to speak about it. , - said Matevosyan.

According to very cautious forecasts, the industry will begin to  emerge from the deepest crisis, at best, by the month of June. , she  said.

Speaking about possible state assistance to tourism industry  operators, Matevosyan emphasized that the largest expense item for  companies is rent and salaries: .

Speaking about the possible losses for the country's economy from the  collapse of the tourism industry and related business segments,  Matevosyan emphasized that any business based on tourism can only  survive with possible alternative incomes, subsidies or, if again  lucky, an abnormal growth in income in the summer. And then the  abnormal growth will still need to be served by current resources. 

Answering the question whether the zeroing of the tourism industry,  when the crisis with coronavirus settles, can affect the high  dynamics of growth of indicators in connection with a partial loss of  the industry's internal potential, the specialist emphasized that she  looks at it with cautious optimism.