The first quarter of 2024 ended with a significant increase in the volume of business trips for Russian businesses. According to the Raketa digital travel and expense management platform, the number of business trips increased by 20% compared to January—March 2023. Moreover, positive dynamics is observed in all months of the current year with growth rates of 19% (January 2024 to January 2023), 26% (February 2024 to February 23rd), 15% (March 2024 to March 2023).
China and India has entered the top 7 among the most popular countries for business trips
In 2024, Russian businesses are also more likely to make business trips within the country. However, there are also leaders among foreign destinations (from the most popular to the least) — Kazakhstan, China, Belarus, Uzbekistan, UAE, Turkey, India, France, Armenia, Georgia, Tajikistan, Kyrgyzstan, Azerbaijan, Egypt. And the most visited cities abroad among Russian business travelers are (from the most in demand to the less popular) Almaty, Astana, Minsk, Tashkent, Shanghai, Dubai, Shymkent, Istanbul, Karaganda, Aktau, Kyzylorda, Beijing, Paris and Yerevan.
Among the most visited cities in Russia among business tourists are Moscow, St. Petersburg, Novosibirsk, Yekaterinburg, Tyumen, Nizhny Novgorod, Ufa, Yaroslavl, Kazan, Krasnoyarsk, Irkutsk, Rostov-on-Don, Samara, Chelyabinsk and Yuzhno-Sakhalinsk.
The average cost of a night at the hotel increased by 16%
According to the Rocket, in the first quarter of 2024, hotels became the most popular accommodation for business tourists. “Demand for them accounted for 90% of the total number of bookings,” says Daria Zubritskaya, Director of Marketing and communications for the digital travel and expense management platform Rocket. — They are followed by apartments — they were reserved by 3% of travelers, 2% preferred guest houses, 0.55% of business tourists were accommodated in hostels. Resort and cottage accommodation types were chosen by 0.2% of business tourists.”
The most expensive room booked by business travelers since the beginning of 2024 in In Russia, there was a room at The Carlton hotel in Moscow worth 200,000 rubles/night. Of the foreign rooms, the most expensive that was reserved for a business trip is at the Anantara The Palm Dubai Resort in Dubai for 301,427 rubles/night. The cheapest room from the Russian accommodation facilities, which was booked for a business trip in 2024, cost 644 rubles. This is the Rus hostel in Moscow. The cheapest room in a foreign hotel cost 3139 rubles — we are talking about the Belarusian Naftan hotel in Novopolotsk.
According to Rocket experts, the average cost of a night at a hotel in the first quarter of 2024 increased by 16% compared to the same period last year. Now it has amounted to 6,120 rubles against 5,283 rubles in January—March 2023.
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