Tourism: Reka travel fund sales close to all-time record in 2023

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The group, which operates in the holiday industry and payment media sector, achieved the second highest operating turnover in its history with 100.0 million francs.

Holiday business rose 2.8 percent to 78.6 million francs, Reka announced on Wednesday. Reka Group’s holiday villages showed better development compared to the previous year. Among other things, Golfo del Sole, the seaside resort that Reka runs in Tuscany, is said to have once again achieved record profits, thanks to high demand for foreign travel and a favorable exchange rate for the Swiss. According to the announcement, there was also an increase in the Swiss Holiday Park.

On the other hand, sales at the resorts operated by Reka in Switzerland, including 11 Reka resorts and 7 holiday homes all over the country, remained “almost at the same level as the previous year”. Third-party offerings brokered by Reka even resulted in lower gross revenue, which Reka maintained.

In the Reka-Money business area, where Reka offers, among other things, holiday and entertainment money, gross revenue amounted to 21.4 million at the level of the previous year, according to the information. After the coronavirus pandemic severely restricted the use of Reka money, the use of payment instruments in public transport as well as in holiday and entertainment activities continued to increase. However, the volume of Reka currency issued in private transactions decreased as reported. Reka justifies this with its average low fuel prices.

Additionally, the transition from physical Reka money to digital Reka money continues to progress. While only 8 percent of Reka checks sold were issued physically, the number of Reka cards continued to increase.

The jointly organized travel fund based in Bern had a record year in 2021, thanks to the coronavirus pandemic. At that time, the cooperative’s sales had risen to 100.3 million francs; This was because local people were increasingly taking holidays within the country and Reka’s offers were in high demand in Switzerland. The following year there was a decline. With the sales achieved, Reka is approaching the record result, but it is still only slightly behind.

(SDA)

Source :Blick