Date
19 September 2017
A sliding currency is prompting many Russians to look for cheaper travel options during the holiday season. Photo: Wikipedia.org
A sliding currency is prompting many Russians to look for cheaper travel options during the holiday season. Photo: Wikipedia.org

Russians downgrade holiday plans amid economic woes

Russian tourists are downgrading their holiday plans, opting for cheaper overseas destinations or domestic travel, amid the nation’s economic troubles and a rapidly devaluing currency, Financial Times reported.

“Travelling abroad is becoming too expensive for many Russians. That’s the unfortunate situation,” Marina Kolesnik, chief executive of the popular Russian booking site Travel.ru, was quoted as saying.

“Many Russians who didn’t want to travel inside Russia before are now doing it,” she said. “People from Moscow are now travelling [on holiday] to St Petersburg. That’s considered a replacement for a European city.”

Some people who used to splash out on holidays at upmarket European resorts are now reverting to mass-market options in Turkey and Egypt, the report said.

Some tour operators have already gone bust, and industry executives predict more businesses could follow suit after the holiday season.

– Contact us at [email protected]

RA/RC

EJI Weekly Newsletter

Please click here to unsubscribe