Accent Travel&Events posts 8m-euro turnover decline in 2009

Travel agency Accent Travel & Events, one of the top ten players on the Romanian travel market, ended last year with a 61 million-RON (14.5 million-euro) turnover, down 25% in RON against the previous year. "For this year we have budgeted a 16% rise in RON to 71 million RON. We continue to face threats such late recovery from economic recession, which keeps budgets of leisure travellers, as well as those of corporate clients, low," said Lucian Boronea, general manager of Accent Travel&Events. He added another problem was the revenue pressure on the cash flow. Corporate clients of Accent Travel & Events include companies such as Orange, Petrom, Subaru, Romexterra, Hulliburton, and Washington Group, with almost 95% of company revenues generated by corporate clients. "Last year we did not make any people redundant, we kept all our 48 employees, but did move them from one department to another," Boronea said.