Wednesday , October 17 2018

Russian visitors to GCC to surge 38% by 2020

DUBAI / WAM

The number of Russian tourists travelling to the GCC in 2020 is expected to be 38 percent higher than the arrival figures recorded for 2016, according to data published recently by Arabian Travel Market (ATM 2018), which takes place at Dubai World Trade Centre from April 22 to 25. Looking at the economic drivers, the value of the Russian rouble is stable and firming gradually, helped by Russia’s decision to join OPEC and cut oil production, which has supported an oil price recovery to over $60 per barrel, while forecasts for 2018 put oil at an average of $57 per barrel, a 5.6 percent increase over 2017.
Over the last 25 years, Russia has been well represented at ATM, with exhibitors including Moscow City Government, National Tourist Union and the city of St Petersburg. Russian visitors to the exhibition increased 17 percent YoY between 2016 and 2017.

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