Russia Experiencing Travel Explosion Like Never Before

Published on : Sunday, December 1, 2013

Russia-ExperiencingRussia is now the world’s second-fastest growing outbound travel market in terms of spend, up 32 percent in 2012 and more than doubling since 2005.

According to research by Hotels.com, almost half of hoteliers worldwide have seen a rise in Russian guests in the last year, with 54 percent of those hoteliers seeing bookings grow by more than 10 percent or more. Thai hoteliers are witness to this surge in new business. More than 75 percent have experienced an increase in Russian visitors this year and more than 90 percent expect an increase next three years.

The country has become a top performing growth market for many destinations. According to the Tourism Authority of Thailand, Russia is also currently the largest source market from Europe for visitors to Thailand.

The TAT states that major factors behind this huge growth are the increased number of direct flights from Russia to Thailand and the Thai government’s recent 30-day free Visa access policy. However, with a population of more than 140 million, there is still a huge untapped market for foreign travel.

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