80% of the Eastern European market of travel service online sales is controlled by 20% of the companies operating within the business. Such were the results gathered during a PhoCusWright research in Eastern European countries, which were announced by the company’s spokesman, Krasimir Simonski, on the international conference ‘Air Transport Marketing and Sales’ that was held in Moscow on November 21-22.
Experts predict that by the beginning of 2014 one in seven Russians will be using mobile applications for travel; right now the ratio is one in fifteen. The majority of American and European tourists use apps to buy tickets, book hotels and take care of other travel needs. Experts say that it will take about two years for Russia to catch up and start using apps on a mass scale. One of the fundamental elements for developing this segment is security.
According to the WTTC estimate, Russian business travel market is bound to grow from $6.5bn to $18.4bn by 2020, with the year-over-year growth of 6%. Global market is to spike from $820bn in 2010 to $1600bn in 2020 with the growth rate of 4.3% a year. However, on an ICCA (International Congress and Convention Association) Central European chapter meeting that took place in St. Petersburg experts deemed many Russian cities to have large potential in the MICE sector. Yet due to a number of reasons this large potential is largely wasted, and TRN magazine is here to discover why…
On the 12th of September in Moscow, Monaco Tourist and Convention Authority is going to present its new program for developing the Principality’s business travel segment in the coming years. As they were compiling the program, the country’s travel authorities learned from the progressive experience of the US, France, the UK, Germany and Italy. TRN magazine took some time before the presentation to find out what Maroco is going to offer for this complicated, but promising market.
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