Travel agencies say price of vacation deals to go up 10 percent

22-11-2013

Czech travel agencies expect that the price of package vacations to foreign destinations will go up by around 10 percent, according to Czech Radio’s Regina. Agencies are reacting to recent intervention to weaken the Czech currency by the central bank in a bid to stimulate consumer spending prior to increases, help exporters and overall boost the economy. Travel agencies are reportedly trying to keep the prices of so-called ‘first minute’ vacations the same.