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's activity report 2022

OÜ Orion Reisid, a renowned travel agency, was established in the year 2000. The same year marked the commencement of its economic activities, with travel services being the primary focus until 2022. The company has been a significant player in the travel industry, offering a comprehensive range of travel services. These include travel packages, ferry tickets, flight tickets, and hotel booking services. The company has been a one-stop solution for all travel needs, ensuring a seamless and enjoyable travel experience for its customers.

In the financial year of 2022, the company reported a sales revenue of 76,347 euros. The expenses for the same period amounted to 11,088 euros, with a significant portion of it, 35,219 euros, being the wage cost. Despite the expenses, the company managed to secure a profit of 30,014 euros in 2022. The sales revenue is primarily derived from the commission fees received from the services provided. This method of revenue generation does not impact the size of the profit or any other significant indicators.

In addition to the commission fees, the company also considers the agency fees received from other companies for tourism services as part of its revenue. This diversified revenue stream has been instrumental in maintaining the financial stability of the company.

The tourism sector, a crucial component of the Estonian economy, was severely impacted by the travel restrictions imposed due to the COVID-19 pandemic. The year 2020 saw a significant reduction in the provision of tourism services. However, the tourism sector witnessed a resurgence in 2021, with a growing interest in travel and the introduction of new destinations by organizers.

The year 2022 was a successful year for the tourism sector. OÜ Orion Reisid experienced a substantial increase in sales revenue, which continues to grow. The company's resilience and adaptability in the face of challenges have been key to its success.

Looking ahead to 2023, OÜ Orion Reisid aims to continue its economic activities, preserve jobs, ensure the sustainability of the company, and increase revenues. The company is committed to providing exceptional travel services while maintaining its financial stability and contributing to the growth of the Estonian economy.