Volume of Business Travel Services in Russia Expected to Reach $18bn by 2022

As of today, the volume of business travel services in Russia is about 12 billion dollars, and by 2022 this figure is expected to reach $18bn.

This data was reported during the International Business Travel Innovations Forum ‘Travel into the Future’ by Alexandr Safonov, head of Corporate Clients Department of American Express Bank (Russia), with reference to the findings of the World Travel & Tourism Council.

The expert believes that the segment holds a great deal of promise.

He also singled out an important finding which showed that the majority of companies view business travel expenses as investments.

The International Business Travel Innovations Forum ‘Travel into the Future’ took place in a media center ‘Russia Today’ on April 8. More than 300 professional business trip and event organizers from 20 countries participated in the event. The Forum had been conceived as a platform for the presentation of innovative ideas used by hotels, airlines, business travel agencies and banks, as well as for the discussion of the industry’s topical trends.

The event was organized by ATH American Express in partnership with American Express Bank (Russia), Sabre, Emirates Accor, Komus, Bacardi RUS, Marriott AirHD.TV and Get Taxi.

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