Number of travel agencies organizing trips for credit to grow in Azerbaijan

Travel companies in Azerbaijan are planning to expand the process of granting tour packages on credit, Nahid Baghirov, chairman of the Azerbaijan Tourism Association (AzTA) told Trend.

According to him, banks significantly reduced the provision of loans for tourist trips after the devaluation of Azerbaijani manat in 2015.

Noting that work for the expansion of this process is underway, Baghirov added that, in the near future, customers of tourism companies which are members of AzTA will be able to purchase tour packages without prior payment. Citizens will repay the costs of the tour packages by means of transfers to a bank account within a maximum of a 1-year period.

The chairman added that the proposed loan percentage will be profitable.

At the preliminary stage, the provision of tour packages on credit will concern 20 companies that are members of AzTA, but their number will gradually grow.

Baghirov also said that customers can use tour packages on credit for any destination and without price restrictions.