The National Association of Nigeria Travel Agencies, NANTA, says ticket sales reduced by 40 percent for the last quarter of the year 2023, when compared to the same period in 2022.
According to the President of NANTA, Susan Akporiaye, the trapped funds challenge, the rate of exchange and its scarcity, as well as the restrictions of the lower inventories to the travel agencies from Nigeria by airlines, were factors that led to the drop in ticket sales for last quarter of 2023.
READ ALSO: Nigeria’s Entertainment Industry Loses Another Actor
She also said the restrictions put by the airlines because of foreign exchange availability, led to the drop in sales from Nigeria, driving members of the association to come up with survival mechanisms.
Speaking in Lagos on Tuesday at the pre-48th Annual General Meeting of NANTA, which is scheduled to hold between April 23 through 27, in Lagos, she said 1,500 NANTA members are recognised by the International Air Transport Association, IATA, while 2,000 are recognised by the Nigeria Civil Aviation Authority, NCAA.
Leave feedback about this