Tourism and hospitality business opportunities in Russia
Businesses in the tourism and hospitality industries keen to expand their international sales should consider the opportunities available in Russia, with its high-growth economy, emerging consumer class and expanding construction industry.
In 2004-05, Austrade helped Australian companies achieve $460 million in export sales in the Russian Federation, Moscow-based Senior Trade Commissioner Gregory Klumov said.
An upcoming series of seminars in Australian capitals will demonstrate the breadth of opportunities that exists in the Russian market and explain how Australian businesses can access them.
“Businesses in the tourism and hospitality industries seeking to take advantage of Russia’s economic growth rate of almost seven per sent annually over the past six years can learn a great deal at these market seminars,” Mr Klumov said.
“Like any export market, doing business in Russia requires perseverance. But the time is right for Australian tourism and hospitality businesses to achieve significant export deals.”
Mr Klumov said there is strong export potential in a number of other sectors, including consumer goods, education and training, building and construction, health and medical, food and beverage, ICT, professional services, mining and minerals, and tourism and hospitality.
Indicators of Russian economic opportunity (all statistics sourced from DFAT)
- Almost 1 million square metres of retail space is under construction in the Moscow area alone.
- Russia’s GDP per capita will pass the critical US$10,000 per annum mark for the first time this year, and is expected to reach US$15,000 by 2010.
- Russians’ personal disposable incomes are increasing by 25 per cent per annum.
- Russian retail sales grew by 25 per cent in 2004, making it the 12th largest retail market in the world, soon to overtake Spain, Mexico and Brazil.
- Russia is the world’s largest energy exporter (valued at $145.89 billion in 2004)
Seminar details:
Seminar participants will hear speakers from companies already succeeding in the Russian market, learn how to do business in Russia, and also find out about Australian Government assistance for exporters available through Austrade.
Companies of all sizes are invited to attend these free sessions, to be held in:
- Perth, on Tuesday 21 February from 8.30am
- Adelaide, on Wednesday 22 February from 8.30am
- Melbourne on Thursday 23 February from 8.30am
- Brisbane, on Friday 24 February from 8.30am
- Sydney, on Monday 27 February from 8.30am.
For further information or seminar registration, contact Austrade Direct on 13 28 78 or visit www.austradeevents.com.au/russia
Graham Muldoon
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025