Comment on Tourism suffers in winter of EU-Russia discontent

Tourism suffers in winter of EU-Russia discontent

Hoteliers, taxi drivers and ski stations in France's wintertime hotspots and beyond say a tourism boom by big-spending Russians in recent years is about to melt away because of Russia's economic crisis, Western sanctions and a drop in oil prices that is keeping both uber-rich and middle class Russians away as the year ends. First political strains over Ukraine dent enthusiasm for traveling to the EU, then the financial pain of a falling ruble and oil prices hit Russian pocketbooks. When their pockets were bulging thanks to high oil prices in previous years, Russians rose to outstrip German and Swiss travelers and took fourth place among the most-frequent foreign visitors to the French Alps in winter — after Britons, Belgians, and the Dutch, consulting firm Comete Conseil says. In the Alps both in France and beyond, the impact will likely still be limited: other industry analysts note Russian visitors make up a tiny percentage of the total tourist traffic — far below domestic travelers, for example. [...] the Russian holiday schedule, which has links to the Orthodox Christian calendar, brings in many Russian travelers in early January — when many western Europeans are back at work and school, giving an extra influx of cash and extending the wintertime boom for hoteliers and ski stations by up to two weeks. The highest-elevation of three ski slope zones in Courchevel, which is the most frequented one by Russians, now offers menus in Russian; regular supermarkets stock Champagne costing hundreds of euros. Ayda Hassas, a Rolex boutique supervisor at London's famed Harrods department store, said the boutique has noticed a "significant drop in Russian clients" compared to the holiday season a year ago, adding: "I think is connected with the currency exchange rate."

 

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