Foreign currency reserves from tourism fall by over 10 percent

11-09-2002

Analysts say foreign currency revenues from tourism fell by over 10 percent year-on-year in the first half of 2002, mainly due to the strong crown. They said the strong crown was responsible for 95 percent of the fall, while the floods in August could be responsible for a 7 - 8 percent fall in the number of hotel bookings by the end of the year.