Estonia, Tourism
International Internet Magazine. Baltic States news & analyticsThursday, 02.09.2010, 22:39
Estonian hotels’ turnover fell by 30% in 9 months
Juhan Tere, BC, Tallinn, 20.11.2009.
Print version
Print versionIn nine months of 2009, the turnover generated by hotels in Estonia has fallen by nearly 30% and the fall will be even bigger in the fourth quarter, writes Äripäev.ee/LETA.
 |
|---|
The head of Estonian Association of Hotels and Restaurants Feliks Mägus noted that the hotel operators are also concerned over the increasing number of enterprises with debts and the total volume of debts.
According to him, the increase in the VAT rate had a painful effect on the sector while it has not increased the State’s tax revenue either. “It is clear that for many hotels, the coming winter will be very cold,” said Mägus.
Other articles:
- 02.09.2010 Estonian youth organisations demand swift action over youth unemployment
- 02.09.2010 TV pushed print media from leading position on Estonia’s advertising market in Q2
- 02.09.2010 Estonia: economic interests prevailed over the environment in the Nord Stream case
- 02.09.2010 Ansip: no plans to raise taxes in 2011
- 02.09.2010 Ансип: в Эстонии давно не наблюдалось такого обильного поступления налогов в бюджет
- 02.09.2010 Министр энергетики Иордании ознакомился с опытом эстонской сланцевой промышленности
- 02.09.2010 Tallinn turned to court over the new law on schools
- 02.09.2010 Multilateral Carbon Credit Fund signs first projects in Baltics to purchase carbon credits in Estonia and Lithuania
- 02.09.2010 Латвия попала в первую пятерку лидеров турпотока из России
- 02.09.2010 Estonian MFA found no evidence of its former diplomat having unlawfully issued visas
Updating the Nordic-Baltic cooperation 
