The union pointed out that the past few weeks have been crucial for the development of tourism in Colombia, which is already being affected by the closure of the activities of the airlines Viva Air and Ultra Air and the abolition of the preferential VAT of 5% on airline tickets, which again stood at 19%, discouraging travelers.
“The situation was not positive for the aviation sector during Holy Week. We expected the numbers to be higher than forecasts since the beginning of the year, but unfortunately these circumstances caused the interest in travel to decline,” he explains. Paula Cortes Streetexecutive chairman of Anato.
He added that “while 30% of the national market share is affected by the non-operation of said airlines, this is expected to be somewhat offset by the dynamism of outbound and inbound international tourism offered by the Travel agency”.
Source: El heraldo

Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.