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insustry news

Portugal’s Travel Agents Sinking Fast

2011-01-18 by Phil Butler

Apulia windmill

Portugal’s travel sector is in grave trouble, perhaps far more serious than previous reports have suggested. The industry that represents 11 percent of the country’s GDP has lost fully one third of its travel agents to insolvency. The economic times and pressure from online travel agents have made the situation there untenable. But a double sided government effort has not helped either.

Tags: agent decline, EU economies, FDI, insustry news, Ministry of Finances, Portugal government, Portugal images, Portugal jobs, Portugal tourism, Portugal travel, Qatar, travel agents, travel investment




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