Russian business market ranks sixth in the world

Russia ranks sixth in the world in the field of MICE, the research conducted by Euromonitor International shows.

This survey was conducted for the international tourism exhibition in London, World Travel Market. Thus, in 2011, about 2 million overseas visitors attended various business events, which were held in Russia, according to Euromonitor (information is provided by portal hosteltur.com).

China became the number one country in the world in terms of MICE industry development (business meetings, incentives, organizing conferences and corporate events), it received about 7.9 million guests in 2011. France ranks second (5 million), Italy- third (about 3.5 million). The top 10 most successful countries in business tourism are also Germany, Spain, Turkey, Malaysia, Hong Kong and the UK.

At the same time, the U.S. continues to be the world leader in terms of tourist expenditure in the MICE segment.

According to Euromonitor International forecasts, the number of business travelers will increase substantially by 2016. It is assumed that China will receive additionally about 7.1 million business visitors, the U.S. - 3.6 million, Turkey and Saudi Arabia - 2 million, India and Morocco - 1.5 million, Singapore - 1.4 million , Indonesia and the UAE - 1.3 million during this period. Russian MICE market by 2016 is expected to receive additionally 1.3 million visitors.
Source: Atorus