Slovenian tourism industry takes another massive hit with one of the largest DMC’s SHUTTING DOWN OPERATIONS
Kompas, the most important tour operator in the Adriatic region, established over 65 years ago in Slovenia has announced that it will shut down operations of their MICE department – Kompas DMC (Kompas Meet).
Tourism is undoubtedly the most affected sector right now and the weight of the coronavirus crisis was also felt by one of the largest travel agencies in the region, Kompas d.d. A drastic drop in tourist arrivals and unbearable conditions led the management of Kompas d.d. to restructure its business model which included the closure of non-profitable departments.
“Despite the difficult situation which is once again bringing the industry to its knees, it is important to be aware that after this period, educated and experienced workers, who are now being laid off will be needed again,” optimistically said Breda Črnčec, General Secretary of the Trade Union of Workers in catering and tourism Slovenia (SGiT).
Last year, the Slovenian tourism industry accounted for 9.9% of the total GDP and 10.3% of all jobs were filled by tourism employees – 92,500 jobs in total (WTTC). The OECD estimates that tourism will suffer a 60% decline this year, but if the crisis lasts until December, as currently shown by all figures in the world, this percentage could increase to 80.
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