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Outbound tourism has increased in Russia

At the end of 2018, the number of tourist trips of Russians abroad increased by 7 % compared with 2017. It is reported by “Kommersant, citing a study of the company Euromonitor International. In total, last year foreign trips from Russia increased by 6%. The main directions were Turkey, Germany, Thailand, Italy and Spain.

The number of foreigners coming to Russia has also increased. Overall, the number of such entries increased by two percent in 2018, and the number of tourist trips increased by 10%. The most active people in Russia were citizens of China (an increase of 14 percent), Germany, South Korea (an increase of 44 percent), the United States and Israel.

According to the basic forecasts of Euromonitor International, the outbound flow from Russia until 2023 will grow by an average of three percent a year and will reach 45 million people. Inbound tourism will increase by five percent per year - up to 32 million people.

 

Source: www.siapress.ru

News
The Russian economy continues to lose its attractiveness in the eyes of large transnational businesses as consumers become poorer and the government continues the sanctions war with the West.

The Washington Institute of International Finance (IIF) sharply improved its forecast for the Russian economy. Its experts revised estimates of the fall in GDP in 2020 from minus 4.8% to 3.6%.

Net capital outflow from Russia by the private sector by the end of 2020 increased 2.2 times compared to the same period last year and amounted to $47.8 billion.

The decline in foreign direct investment (FDI) in the Russian Federation in January-September 2020 amounted to about 80%, according to the report of the World Bank (WB).
Net capital outflow from Russia since the beginning of the year has approached $48 billion.
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