In yet another sign that year 2012 is going to be a very encouraging one for up-and-coming travel brands, Russian OTA Oktogo.ru has just announced a new dose of financing to the tune of $10 million, which it says it will use to revolutionize Russia’s travel sector.
Global Hotel Exchange, the new OTA model arriving soon, has added Comfitel Group as a member of the exchange. These first Russian hotels promise visitors to St. Petersburg convenience, value, and choice in one of Russia’s greatest cities.
For most travelers Western Europe has been at the top of their destinations list since when, this is especially true for Americans. The Summer Olympics in London promise to bolster the decades long trend too, but according to Gate 1 Travel, river cruises in Eastern Europe show vacationers heading Eastward too.
Russia. The one country so many misunderstand, and the one market with room for a gold rush in profits is still possible. Outside Latin America, the Russian Federation holds more potential than any other market on Earth. This begs the question; “why has Russia not been properly engaged then?” The answer is, in all probability, misunderstanding.
In hotel news from the Russian Federation, hotel values there are expected to rise, as well as in the Commonwealth of Independent States, and the Republic of Georgia, according to several reports. Some estimates suggest the growth rate at up to double that of other countries in Europe.
Russian Federation Prime Minister Vladimir Putin is all over the news of late. First running for the Presidency again, and today talking about something termed a “Eurasian Union”-or as some proclaim – a soviet bloc party renewed. But, Putin’s ideas could well solve any number of points of pain for his people.
In travel news from the Russian Federation, California’s Moschanko Investment Group (MIG 2000) announced Magic World Russia, a compelling new destination theme park.
In news from Transaero Airlines, Russia’s second largest passenger carrier announces beginning operating Boeing 777 service between Moscow and Toronto. According to their press, Transero will offer an unprecedented four class configured service between the two largest cities in either country.
Since we reported on the Russia-Finland Free Visa issue, visitors to the Russian Federation via high speed rail have increased by 22 percent over the same period a year ago. According to the news, some 100,600 rail passengers traveled between Finland and Russia in the first quarter of 2011.
Despite Russia’s prominence as far as its proliferation of World Heritage listed cultural and natural sites goes, the country is struggling to have much of an impact on world tourism, with the travel industry accounting for just 3% of its gross domestic product. Compare that with say, Malta, whose tourist industry accounts for 35% of […]
Developed in conjunction with one of the groups’ most important Russian partners, the Regional Hotel Chain, the 150-room, mid-market property is scheduled to open up to guests for the first time in 2014. Located in the center of Novosibirsk, the hotel lies in immediate proximity to both a subway station and the main railroad terminal. Aside from its 150 guest rooms, Park Inn Novosibirsk is set to offer facilities including an all-day gourmet restaurant, a luxury spa and gym, lobby bar and five conference rooms.
More and more travel companies are interpreting Eastern Europe as the next big thing in tourism, a report from PhoCusWright says. An upcoming study is set to report on emerging holiday destinations such as Poland and Russia, and put the spotlight on what they have in store for travelers.
Agoda.com, Priceline.com’s Asian global hotel booking site, announces partnering with Russia’s SAT Airlines. The resulting collaboration will allow SAT travelers instant access to Agoda’s over 150,000 hotels.
Russian billionaire steel tycoon Alexei Mordashov has increased his stake in German tourism group TUI. Mordashov raised his stake to above 20 percent from just above 15%. The transaction was made via his S-Group holding company. In TUI’s latest corporate documents, it is clear the company intends massive expansion into the Russian Federation.
Argophilia Travel News continues coverage of the Russian Federation’s initiatives to expand their travel and tourism industry. An interview with a top travel business executive reveals much about Russia’s road to parity in travel, as well as the nature of Russia’s industry. Expanded travel choices within Russia appear to be right around the corner.