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Special operation in Ukraine may drive Russian tour operators to bankruptcy

... operation, which became the basis for the introduction of numerous sanctions by the Western countries, brings the risks of ruining many tour operators from Russia. This opinion is expressed by the experts from Turkey involved in the analysis of the tourism market. They are confident that sanctions against Russian aviation can lead to the collapse of the civil transportation market, including not only business, but also the tourism sector. Many travel agencies associated with the Turkish destination ...

Two German shipyards filed for bankruptcy

... Star Cruises) and operates the resort casino Resorts World Manila in the Philippines, suspended trading in its securities on the Hong Kong Stock Exchange. Experts note that the main reason for the crisis of shipyards was a pandemic - the entire world tourism industry became its victim. In particular, Genting Hong Kong suspended payments of debt to its creditors in the amount of $ 3.4 billion back in August 2020, without fulfilling its obligations to repay this debt by the end of the year. In 2020,...

Inflot cruise tour operator enters bankruptcy proceedings

The priority partner of the Royal Caribbean Cruises company in Russia, Inflot Cruises and Travels, was taken under supervision by the capital's arbitration tribunal. The bankruptcy proceedings were introduced by a court ruling on October 20, 2021 and are planned to be carried out until April 18. The initiator of Inflot's bankruptcy (INN 7730092487) was the GUSIB company, which filed an application on July 9, 2021. After the court had accepted the claim for consideration (case No. А40-145735), the...

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