JavaScript is off. Please enable to view full site.

From Russia no love: rouble slump squeezes SE Asia tourism

From Russia no love: rouble slump squeezes SE Asia tourism

Monday, April 06, 2015, 17:13 GMT+7

The rouble's sharp decline is exacting a toll on Southeast Asian tourism as Russians think twice about doubling their budgets for their next beach holiday in Vietnam, Thailand or Cambodia.

The rouble fell 43 percent last year against the dollar, hurt by plunging oil prices and Western sanctions imposed over Moscow's role in the Ukraine political crisis.

A Russian tourist now needs to fork out as much as 140,000 roubles ($2,479) for a trip to Vietnam, including plane tickets and accommodation, up from 60,000 roubles last year, a Vietnamese newspaper estimated.

For those who do make it to Vietnam, they are buying instant noodles instead of eating out, local media reported.

72Ywynci.jpg

Russians account for billions of dollars in tourism revenue in Southeast Asia and rank second after Chinese travellers in number.

Food menus in Russian are ubiquitous in Phuket. Street vendors in Vietnamese beach towns have picked up Russian words.

In 2013, when Russian tourist arrivals in Vietnam more than doubled, national carrier Vietnam Airlines launched direct flights linking Moscow with Cam Ranh near the popular coastal town of Nha Trang.

In January-to-March, some 95,800 Russians visited Vietnam, down 27 percent from a year earlier and the first quarterly fall since 2012.

Cambodia's Tourism Ministry counted nearly 18,300 Russian tourists in the first two months of 2015, down 51 percent.

Thailand drew 1.6 million Russian tourists in 2014, down 8.6 percent. Arrivals slumped 46 percent in January this year. In the same month, Russian visitors to the Philippines dropped 12 percent.

"Russian tourists have been steadily declining in Thailand since last year particularly because of the depreciation of the rouble," said Surapong Techaruvichit, president of the Thai Hotels Association.

"Destinations that have traditionally been popular with Russians, including Phuket and Pattaya, have been hit hard." ($1 = 56.4725 roubles)

Reuters

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Latest news