Hotelplan goes through difficult year
The travel agency, Hotelplan, saw profits fall 56 per cent last year to SFr15.2 million ($9.05 million). Turnover was up 12.5 per cent to SFr2.182 billion.
Announcing its results on Wednesday, Hotelplan, a subsidiary of Migros, blamed the results on a disappointing take-up of Millennium offers and said that last year had been a difficult one for the tourism market.
It added that the Italian and Dutch markets had been particularly hard hit.
But the company said it was upbeat about prospects for the current year, expecting growth of between six and 12 per cent.
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