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The new big spendersThe new big spenders
Sandra Newman
1-Oct-2006
Russian overseas travel has soared in the past few years as oil prices have driven economic growth and boosted disposable income in the country. Although it is still mainly the super-rich who are travelling, a growing number of middle-class Russians are also venturing abroad. And recent data shows that their high-spending reputation is justified, says Sandra Newman
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Outbound travel by Russians has more than doubled since 1999. In 2005 the number of overseas trips by Russians grew by about 18% to reach an estimated 28.9m. More than........
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