Dear Subscriber,
The Russian market figures for 2011 are out and the market managed to grow by a total of 11% although leisure travel increased by 15%, making the Russian outbound market a total of 43 Million travelers of which 14.5 million were pure leisure visitors. However Hotelplan's departure from Russia suggests that although it is a fast growing market, it is still not that easy to do business here. On the other hand TUI Russia and Ukraine (a joint venture) is opening up its own charter airline and successful tour operators such as Coral Travel and Biblio Globus continue to open up new destinations which are increasingly popular in Russia such as Greece and Bulgaria.
Best regards,
Helene Lloyd
Director
TMI Consultancy
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Feature
The main winners and losers of 2011
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