Rouble crisis keeps Russians at home

ONE of the major effects of the crumbling rouble has been an increase in the overseas and outbound flight costs for Russian tourists. 

According to the on-line booking company Biletix, air fare price inflation has become endemic in Russia. In November, ticket prices increased by 17% year-on-year.

Kirill Faminsky, head of the Pososhok airline ticket sales agency, said that falling rouble could cause an increase in ticket prices for international flights by 25% to 30% this month. 

Demand for trips abroad during the New Year holidays could decline by as much as 40% if the depreciation of the rouble continued at the current pace.

The troubles facing Russia’s tourism industry due to the weakening Russian rouble, has resulted in 24 tour companies stopping their operations.

On the plus side the rouble  crisis, though, has resulted in a significant increase in Russia’s domestic tourism. 

According to the Tour Operators Association of Russia, the number of passengers opting for domestic flights has increased by 15% in October compared to the same period last year.



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Picture Credit: From Top - "Moscow pano". Licenced under Public Domain via Wikimedia Commons; 'Currency' via Wikimedia Commons; 'Rouble official sign' by Art.Lebedev Studio, Paratype and 5 other design studios (Art.Lebedev Studio) [Public domain], via Wikimedia Commons