airBaltic has launched a new route between Riga and Odessa according to an announcement by the Latvian airline.
Big news from leading hotels group IHG, one of the world’s leading hospitality brands has announced their launch of the Holiday Inn Express® brand across Russia.
Already the conflict between west and east over Ukraine is having its negative effect on travel. 2014 was shaping up as a very positive year for Europe travel, but with fewer Russians planning trips abroad, the upcoming May holidays will be the first tourism casualties of a new Cold War detentes. A just now emerging travel industry, can ill afford a slippage of bookings.
Research recently conducted by the Heritage Foundation in the US shows the current state of economic freedom around the world. Where CIS countries are concerned, the study made several somewhat surprising findings. One such finding was the 38th position among 177 countries Armenia currently holds. This places the small republic at the top of all CIS countries.
Renthome.ru, an online resource for independent travelers offering short-term vacation rentals across Russia and the CIS, has received approximately $1 million in angel investment. Participants in this round of investment include Russian and international entrepreneurs, as well as investors from the real estate market and finance sector.
The InterContinental Hotels Group (IHG) has signaled its intention to expand into emerging markets in Russia and the Commonwealth of Independent States, with the announcement of plans to open 100 hotels in the region by 2020.