photo credit: Railwaymen
In the last week held World Travel Market in London to TC and Intourist their mutual discussions have poured in for the first time in writing. Official sources at TC and mostly like Intourist - "no comment".
The LoI is primarily concerned with the creation of a joint venture. The control packet is to stay at Intourist, which will bring its entire tour operation, and the distribution network. TC will participate through investment and technology. Insiders start out from more than $ 40 million, equivalent to the size of the investment in their joint venture of TUI.
Intourist had to find in last year 1.6 million customers, of whom 464 000 were traveling abroad. 328 000, only an airline ticket bought through Intourist. 147 000 domestic and 166,000 foreign visitors rallied with Intourist in Russia. The distribution network includes approximately 400 offices of Intourist, of which about 100 belong Intourist itself. Turnover in 2008 - 615.6 million USD, net profit - $ 800,000.
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