Hobbit Travel temporarily shuts down, victim of economy
Minneapolis-based Hobbit Travel says it's temporarily shutting down.
In a news release Tuesday night, the discount leisure travel agency cites "financial difficulties and the present economy."
The company says it's been "particularly hard hit by the recession and has suffered declining revenues and earnings."
In the statement, Hobbit President George Wozniak apologizes for the inconvenience to employees, customers and trade partners.
Wozniak says he hopes to find additional financing or a strategic partner to resume operations in the next few weeks, and has retained a turnaround advisory firm to help find financing.
The statement provided few other details, and company officials did not immediately return messages seeking further information.
Note: If you've had your travel affected by Hobbit Travel's shut down, please contact MPR's Martin Moylan at #651-290-1311 or by e-mail at mmoylan@mpr.org to tell your story.
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