041-44_TTGB russia feature 5/11/08 12:41 Page 43
Russia
43
Useful
“There have certainly been an increasing number of have noted that clients are still willing to carry out these
independent business travel agents,” says Jamie Martin, activities but on tighter budgets, or moving them to
websites
corporate development director at Hunt & Palmer, an cheaper destinations such as the Middle East or Turkey.
aircraft charter firm. “Travel management companies are
Kazan Tourism Office
also becoming better established in Russia.” The rapid growth of events
Tel: + 7 843 29 29 777
However, before the threat of global recession, meetings
www.gokazan.com
The credit crunch bites and events were growing by 30% a year, according to
Russo-British Chamber However, the recent global economic crisis has hit Russia estimates.
of Commerce
hard. At one time both the rouble-denominated MICEX Industries active in this area include pharmaceuticals,
Tel: 020 7403 1706
and dollar-denominated RTS stock exchanges were technology, fast-moving consumer goods, beauty
www.rbcc.com
suspended. Problems have already spread to the real products and the automotive sector. Trade fairs and
British Embassy, Moscow, economy from the financial sectors, to real estate. A drop exhibitions are also increasingly in demand.
Commercial Section in the price of oil and other natural resources has also led Kazan already has a sizeable Mice calendar but, again,
Tel: + 7 495 956 7200
to a drop in interest from overseas investors. Moscow dominates the landscape – accounting for 90%
www.ukinrussia.fco.gov.uk
“Those sectors likely to cut down on their activities of the market. This is mainly a result of the lack of room
UK Trade and Investment,
include banking and insurance, as well oil and gas nights available in the regions. There are many events
Russia desk
sectors,” says Helene Lloyd, director of TMI Consultancy, across Russia’s hinterlands, but the overall quality of
Tel: 020 7215 4891 a travel marketing firm based in Moscow. “The banking organisation by local companies is not of an international
www.uktradeinvest.gov.uk/ sector has already started cutting jobs.” standard, according to sources marketing this sector.
ukti/russia
Looking forwards observers see the Mice market being “There is also a lack of a united hotel database and
especially badly hit with international companies booking system,” says Ekaterina Vyrikova, head of
cancelling or postponing Russian events. Other companies Mice at tour operator KMP.L50776
ttgbusiness.com a79 november 2008
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