Debt of tourism firms doubles y/y, hits nearly PLN 120m

The debt of tourism companies increased twice year-on-year to PLN 118 million, show results from the Register of Debtors BIG InfoMonitor and Credit Information Bureau (BIK). The travel ban meant that the mere use of accommodation in Poland in April fell by 97.5 percent compared to the same month last year. Holiday decisions will certainly be affected by both uncertain forecasts for the second wave of cases and rising prices in Polish resorts.