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Eurasian Business Briefingtravel & tourism

Chinese set to pump $11bn into new Lake Baikal tourist complex

Lake BaikalLake Baikal tourist complex: A group of Chinese investors have clubbed together and commissioned a study into the commercial and technical feasibility of creating an $11bn leisure and tourist complex on the shores of Lake Baikal (more…)

Siberian Times Read More»

Moscow and Ankara bury their differences to set up $1bn Russian Turkish investment fund

Russian Economy MIinsiter Ulyukaev and Turkey's EM Zeybeci Istanbul 09/10/16Russian Turkish investment fund: With Russian President Putin due to meet with his Turkish counterpart Recep Erodgan at the World Energy Congress in Istanbul today,  Moscow and Ankara took another significant step towards (more…)
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Fosun Group planning $1.7bn Sanya Atlantis resort for Hainan

Sanya AtlantisSanya Atlantis: China’s Fosun Group conglomerate is planning to invest almost $17bn in a massive marine tourist project in Sanya in the southern province of Hainan , according to a report posted on  sina.com.cn yesterday. The 530,000m² (more…)

chinadaily Read More»

Tehran calls on investors to help turn Iranian tourism into $30bn industry

Tourism in IranIranian tourism: The government in Tehran has drawn up a list of 1,500 projects that it plans to develop to turn the country’s nascent tourist sector into a $30bn industry. “Iran plans to attract 20 million tourists to the country over the next 10 years,” (more…)

TREND Read More»

SOCAR invests $500m in upmarket resort in Montenegro’s Boka Bay

Boka Bay, MontenegroMontenegro holiday resort: Azerbaijan’s state oil company SOCAR is investing $500m to develop an upmarket holiday resort in Montenegro’s Boca Bay area on the site of a former Soviet military base, the Montenegrin President Filip Vujanovic  said this week. Due to be completed (more…)

Azernews Read More»

Russia, China and Mongolia look to revive Great Tea Road for tourism

Great Tea Road routeRussia, China and Mongolia have agreed to revive  the so-called Great Tea Road as a tourist attraction, the deputy chief of Russia’s Federal Tourism Agency told a conference this week. Once (more…)

AKIpress Read More»

1,300 Turkish hotels up for sale as Russian sanctions trigger tourism crisis

Turkish beach resortAround 1,300 Turkish hotels – between them worth $13bn – in the country’s Black Sea and Mediterranean coastal resorts have been put up for sale as a combination of Russian sanctions and a series of terror attacks has plunged the country’s tourism sector into a state of crisis. More than three million Russian tourists visited Turkey last year – 15% of the overall total – but that figure has fallen dramatically following the downing of a Russian warplane over the Turkish-Syrian border last November, and Moscow’s subsequent ban on banned chartered flights to the country.
Since then, Turkey has been hit by a number of terrorist attacks including last month’s suicide bombing in Istanbul that left ten dead. The Rusian boycott has pushed a number of hotels to the verge of bankruptcy, Abdurrahman Karamanlioglu, chairman of spa hotel Denizli Colossae Thermal, told the Zaman newspaper. All-inclusive package beach holidays had been particularly popular among Russians. The publication put the total value of the properties up for sale at around $13bn.

The Moscow Times Read More»

Russian tourist industry boosted by weak rouble as numbers hit 2008 level

Chinese tourist in RussiaRussian tourist industry: the weakened rouble has helped Russia attract the most overseas visitors it has seen since 2008. According to Russian Tourism Industry Union there was a 13% year-on-year increase in trips by overseas visitors the first nine months of 2016, taking the total to a seven-year high of 2.54 million.
(more…)

The Moscow Times Read More»

Kyrgyz tourist sector given boost by Business Insider travel survey

Tian Shan Mountains Kyrgyzstan

Tian Shan Mountains Kyrgyzstan

Kyrgyz tourist sector:  Business Insider magazine has ranked Kyrgyzstan as the top emerging travel destination in the world for 2016. Mongolia came in third and Iran seventh. “Wilderness, wildlife and culture; these themes will illuminate the year’s travel itineraries,” the publication predicts. “Escapism and authenticity are key and nowhere offers them quite like fledgling and far-flung nations.
“Kyrgyzstan’s (more…)

AKIpress Read More»

Russian sanctions could cost Turkey $9bn, says deputy PM

Turkey's Deputy PM Mehmed SimsekRussian sanctions could cost the Turkish economy as much as $9bn, the country’s deputy prime minister Mehmed Simsek has told the Turkish television channel NTV, adding that (more…)

The Moscow Times Read More»

GCC investors snap up Turkish real estate

Istanbul Property24% of all investors in the Turkish real estate market from the GCC countries of the Arabian Gulf, according to a new report from property specialists REIDIN, which says that their numbers have quintupled since Ankara relaxed legislation restricting foreign ownership in 2012. (more…)

dailysabah Read More»

Inner Mongolia to benefit from three-way tourism initiative

Camel riding in Inner Mongolia

Camel riding in Inner Mongolia

Inner Miongolia:  China, Russia and Mongolia have signed a string of tripartite, cross-border tourism initiatives worth a total of $220m as part of their attempts to create an economic corridor between the three countries. The agreements (more…)

xinhuanet Read More»

Ministry considers plans for Kazakh tourist hotel train

Yasaui Mausoleum, Turkistan

Yasaui Mausoleum, Turkistan

Kazakh tourist hotel train: Kazakhstan’ s Ministry of Investment and Development is currently considering plans put forward by the Turan Express rail operator for a deluxe ‘hotel on wheels’ that will carry tourists and students to sites of important historical and cultural importance throughout Kazakhstan and (more…)

Times of Central Asia Read More»

Decline in Russian tourism sends Santa Claus Village into bankruptcy

Santa Claus Village FinlandThe Santa Claus Village in northern Finnish town of Rovaniemi, has filed for bankruptcy after failing to meet a $223,000 tax bill. With Russian visitors making up the majority of visitors, the rouble’s decline (more…)

rbth Read More»

Kazakhstan to seek investment for Almaty international air hub

Almaty International Airport

Almaty International Airport

Wikipedia

Talks with potential investors into an Almaty international air hub are due to begin in October, Kazakhstan’s Minister for Investment and Development Aset Isekeshev told the Novosti-Kazakhstan news agency yesterday.
“We have several potential investors [lined up],” he said, “and we are currently working together with international experts (more…)

Times of Central Asia Read More»

Rouble collapse brings down Russian tourism costs with it

St Petersburg

St Petersburg

stpetersburg.com

Rouble collapse brings down Russian tourism costs: The dramatic devaluation of the rouble has had an equally significant impact on the cost of visiting what have in recent times been some of Europe’s most expensive cities. According to the Europe Backpacker Index for 2015, St Petersburg is now the tenth cheapest popular tourist destination in Europe, while it is now cheaper to visit Moscow than Ibiza, Rome or Edinburgh. According to the index, the 20 cheapest European cities to visit are: 

  1. Kiev
  2. Bucharest
  3. Sofia
  4. Krakow
  5. Belgrade
  6. Warsaw
  7. Sarajevo
  8. Budapest
  9. Cesky Krumlov
  10. St Petersburg
  11. Riga
  12. Zagreb
  13. Vilnius
  14. Bratislava
  15. Istanbul
  16. Split
  17. Prague
  18. Ljubljana
  19. Tenerife
  20. Moscow
Rosbalt Read More»

North Korea plans cross-border tourism zone with Russia and China

Tumen River Delta and Bridge

Tumen River Delta and Bridge

flickr

North Korea plans cross-border tourism zone: Officials from China, Russia and North Korea are discussing the possibility of setting up an international tourism zone in the Tumen River Delta at the intersection of the three country’s borders. Considered by (more…)

The Moscow Times Read More»

Donetsk Minister condemns package tours to war zone

Stanislav Vinokurov, Deputy Speaker Luhansk

Stanislav Vinokurov, Deputy Speaker Luhansk

Buzzfeed

Donetsk Minister condemns package tours to war zone: A proposal from a Moscow-based tourist company to hire an armoured car and offer visitors a four-day guided tour of war-torn Donetsk has been condemned by Stanislav Vinokurov, deputy speaker of the Luhansk People’s Republic’s parliament and its Minister for Family, Youth, Sports and Tourism. (more…)

Izvestia Read More»

Kyrgyzstan plans five ski resorts in Issyk-Kul – and may need investors

Skiing Issyk-Kul Province, Kyrgyzstan

Skiing Issyk-Kul Province, Kyrgyzstan

Vlad Ushakov

Kyrgyzstan plans five ski resorts: In a concerted effort to extend its tourist season, the authorities in Kyrgyzstan’s Issyk-Kul are planning to develop five ski resorts in the province. “The beach season only lasts for two months while ski-ing lasts for four, ” the government’s envoy to Issyk-Kul Emilbek Kaptagayev told a press conference last week. “A draft proposal for the development of new ski resorts is already being prepared. I hope the government will approve it and find investors for its development.” Kyrgyzworld

 
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Kyrgyzstan plans motel chain in major tourism drive

Tian Shan Mountains Kyrgyzstan

Tian Shan Mountains Kyrgyzstan

Lake Issy-Kul, Kyrgyzstan

Lake Issyk-Kul, Kyrgyzstan

Kyrgyzstan plans motel chain: In an attempt to boost tourist numbers, Kyrgyzstan’s  Ministry of Culture, Information and Tourism is to test the idea of a network of roadside hotels, camps and parking areas on key roads across the country, it announced yesterday (February 6). It is also planning to develop tourism clusters and is considering build conference facilities by Lake Issyk-Kul, which, along with the Lake Issyk-Kul and the Tian Shan mountains is one of the country’s most popular tourist destinations. relatively popular tourist destinations. Due to lack of investment, Kyrgyzstan remains a relatively under-exploited tourist destination. AKIPress    Read More»