Student arrivals to plummet by 20 per cent in 2009
The EFL tourism market is set to have a massive 20 per cent drop in student arrivals as the industry battles the economic recession, the high euro exchange rate and the problem with visas for non-Schengen area countries.
Speaking in an extensive interview in today’s edition of Business Today, FELTOM President Andrew Mangion warned: “In terms of how far this could go, we feel that the EFL market could end up with minus 20 per cent at the end of this year, therefore this is going to be a significant drop in 2009.
“The EFL Malta market hit its real peak in 2007, levelled off in 2008 and now has seen a sharp decline in 2009,” Mangion added.
Asked about the main challenges facing the local EFL industry in Malta at the moment, Mangion explained that in spite of the fact that there was a global financial crisis, some markets “have actually performed well”. See interview