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Learn moreSep 2017
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In 2017, online travel sales to residents recorded current value growth of 22%, to reach RUB667 billion. It should be noted that all of the categories within online travel sales to residents experienced positive performances despite the negative macroeconomic situation in the country. Almost all categories of online travel sales to residents witnessed double-digit growth in 2017. Increasing internet penetration, better consumer awareness, development of new technologies and a growing number of online agencies positively contributed to development of the category.
Online travel sales to residents is predicted to record a positive value CAGR of 9% at constant 2017 price to reach RUB1 trillion in 2022. Further growth will be mainly driven by the increasing penetration of the internet, smartphones and other devices as well as developing technology, launching and adopting new searching, communication and payment solutions. The landscape will continue to change with an increasing number of consumers becoming used to online services, while players will continue to launch new services in order to attract consumers with their convenience, innovation and speed. In addition, online travel operators or those companies that offer online services, will educate consumers and familiarise them with their online services.
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Overview:
Discover the latest market trends and uncover sources of future market growth for the Online Travel Sales to Country Residents industry in Russia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Online Travel Sales to Country Residents industry in Russia, our research will save you time and money while empowering you to make informed, profitable decisions.
The Online Travel Sales to Country Residents in Russia market research report includes:
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This industry report originates from Passport, our Travel And Tourism market research database.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.