Gene Zolotarev on how to destabilize the EU financial system and re-draw the map of Europe in three easy steps

Russian holiday spending booms

Dec 20, 2012
From wire reports

While on average a Russian tourist spends over 300 euros in Estonia, at the end of the year their spending increases by two or three times, experts say, which, according to estimates of Eesti Paevaleht, means 5-10 million euros in extra income for the tourism sector as compared to last year, reports LETA.

In December and January around 1,000 Russian tourists more than last year are expected to visit Estonia. Over the past five years, the number of Russian tourists has increased four times.

Since Russian tourists are among the biggest revenue generators for companies, accommodation and entertainment facilities in Tallinn and elsewhere in Estonia focus a lot on Russian tourists when organizing New Year’s parties. A large part of packages and hotel places are sold out by September and October.

Enterprise Estonia Tourism Development Center head Tarmo Mutso said that 15,000 Russian tourists more can be expected in December and January than last year, when over 62,000 people from Russia came to Estonia and stayed overnight in accommodation establishments. Many people also stay at relatives’ places or come on day cruises. “When Russian people spend an average of 310 euros a year on a trip, we assume that at the end of the year the spending is considerably bigger. New Year’s parties in Tallinn already cost over 100 euros a person,” said Mutso.

SOCIAL BOOKMARKS:   Delicious   Digg   Reddit   Ask   Facebook   MrWong   Netvouz
 SUBSCRIBERS AREA
 SUBSCRIPTION
The Baltic Times is a cost-effective way of staying in touch with the latest Baltic news and views, enabling you full access from anywhere with an Internet connection. As well as our daily updates, you'll have access to thousands of articles in our Internet archives, which date back to 1998 and provide a unique source of information for researchers, planners and analysts.




 OTHER ARTICLES
 MORE NEWS
  • Kinze base boost for Lithuania...
    VILNIUS - Kinze Manufacturing Inc., an Iowa-based maker of farm machinery, will op...
  • Book publishers improve result...
    TALLINN - Up to 40 new books have arrived at Estonian bookstores in 2012, evidence...
  • Room to grow for Mexican trade...
    TALLINN - Estonian Foreign Minister Urmas Paet, who was on a visit in Mexico toget...
  • Banks plan more lending...
    VILNIUS - A survey performed by the Bank of Lithuania shows that commercial ban...
  • Exports show Estonia’s strengt...
    TALLINN - Swedbank claims that Estonia’s export volume per capita is very...
  • Rail funds to be used for mode...
    RIGA - Latvia’s Transport Ministry will have a month and a half to inform...
  • Riga Apartments for Rent


    © 2013 BALTIC NEWS LTD. All Rights Reserved.
    DEVELOPED BY Your Web Solution