Russian package tours market. E-travel November, 2013
|
|
- Jemima Washington
- 8 years ago
- Views:
Transcription
1 Russian package tours market E-travel 2013 November, 2013
2 Travelata.ru is a leading Russian online travel agency focusing on sales of package tours online What we do? Products Package tours Last minute offers Convenient payment options: credit cards, cash, bank transfers Bookable online Full customer assistance professional call center agents No markups only touroperator prices Revenue model Agency commission (10-15%) Favorable cash cycle (we collect the money from the customer and transfer to the touroperatos later) Current status Contracts with over 150 Russian touroperators Financially backed by Invia.cz (leader in online package tours in Eastern Europe) & MCI management (Eastern European VC/PE fund) Own call center 30 agents in Moscow 1
3 Founding team Managers Alex Zaretsky CEO, co-founder McKinsey&Company Intel CByond (start-up sold to Olympus) MBA, Stern New York University B.Sc.& M.Sc. in Electrical Engineering from Technion Israel Institute of Technology Stanislav Satsuk COO, co-founder McKinsey&Company Commercial Director at CityVision Group (start-up sold to RAINCO) MBA, Kellogg Northwestern University B.Sc in Economics from Kuban State Technological University Advisor Bas Godska Marketing advisor, angel investor Marketing consultant to KupiVIP, Oktogo, Enter and more CMO at Lamoda.ru (Rocket Internet GmbH) CMO at Ozon.ru Marketing Director Europe at Orbitz.com Marketing and E-commerce director at Lastminute.com 2
4 Outbound travel in Russia is driven by handful of destinations both for vacation and business Outbound travel 2012 Number of visits, millions 47,80 15,00 2,50 Turkey 1,90 Egypt 1,90 China 1 0,90 Thailand Top10 = 70% 0,80 0,70 Spain Germany 0,69 Greece 0,57 0,55 0,50 Italy UAE Finland 4,50 9,50 Ukraine 2 4,60 32,80 Finland 5 3,40 Kazakhstan 3,36 1,80 Abkhazia 3 Estonia 1,00 Poland 0,90 Lithuania 0,87 0,70 Germany Azerbaidjan 0,50 South Ossetia 6,17 Total Tourists Business and other 4 Top10 = 81% 1. Mostly residents of Far East s of Russia. Big part is driven by shopping tours for cheap Chinese products 2. Since Russians do not need passport to travel to Ukraine it is difficult to accurately determine the purpose of visits 3. Russians do not need passport to Abkhazia. Likely that most travel for tourism because of big number of cheap resorts 4. Only 1.2M out of 32.8M could be identified as business travelers with certainty, the rest is family related travel and consumer shopping arbitrage 5. Mostly residents of St.Petersburg who benefit from simplified visa requirements from Finland consulate and travel with a car for short trips and shopping Other SOURCE: Russiatourism.ru official agency for tourism affairs (part of Ministry of Culture) 3
5 Domestic travel is less concentrated than outbound but still 35% is focused in just 3 areas Domestic travel 2012 Number of visits 2, millions Top3 35% ,43 1,30 1,20 0,90 0,85 0,80 0, Total Greater Moscow area Krasnodar 1 - Rostov area Greater St.Petersburg area Tatarstan republic Yekaterinburg Tyumen Far-East Nizhny Novgorod Stavropol Samara Other 1. Sochy a popular Russian resort city is located there 2. Reporting by number of occupancies in various types of temporary accommodation facilities (hotels, hostels, pensions, guest houses, etc.) SOURCE: Russiatourism.ru official agency for tourism affairs (part of Ministry of Culture) 4
6 With only 2.6M tourists a year, the world does not see Russia as an attractive tourism destination yet. Most inbound traffic comes from former Soviet Union republics Inbound travel 2012 Number of visits, millions 28,00 Citizens of Top10 countries make up to 63% of all tourist travelers: Germany, China, USA, UK, Finland, Italy, Turkey, France, Israel, Spain 2,60 25,40 6,50 3,60 2,70 Top10 81% 1,40 1,20 1,20 1,13 1,12 0,98 0,70 5,00 Total Tourism Business and other Ukraine Kazakhstan Uzbekistan Finland Moldova Poland Tajikistan Azerbaidjan China Armenia Other SOURCE: Russiatourism.ru official agency for tourism affairs (part of Ministry of Culture) 5
7 We estimate Russian online travel market at USD 5B 1 (9% share of the total) with flight segment taking up to 70% Flight tickets Hotel booking Package tours Market size 2013 (Estimated) USD B Share of online % CAGR % Flight tickets segment Offline Online Offline Online Offline Online generates the most sales now but margins are getting thinner Commissions % Average purchase USD Click-to-Sale conversions % Common user cases Important issues rd party inventory Direct contracts with hotels , Business Independent leisure travelers Relatives visits Aeroflot recently reduced agency commission to 0% OTAs strong dependence on metasearches traffic Business Independent leisure travelers Booking.com is a dominant market leader with a strong brand Relatively small number of Russians travel independently abroad due to language barriers and lack of experience. Strong preference towards package tours. 1 Train tickets segment, home rentals, car rentals, travel insurance and other auxiliary services are not included Only leisure travel Beach holidays, tours & sightseeing Family vacations Complex product to book online without human assistance. Over 85% of sales online happens via a call center No united GDS for packages. Each tour operator has its own booking system Online hotel booking segment is dominated by a single incumbent while others are struggling to catch up Online package tours segment is just in the initial formation phase SOURCE: Travelata team 6
8 Package tours market is extremely fragmented with hundreds of players with no clear leaders while online segment just emerging Tour operators (~200 big ones, over 2000 registered) Offline agencies (~30,000 agencies across Russia) Online agencies Company Description The biggest Russian touroperator (>1.5B USD TTV). Offers low prices that very hard to beat. Has one of the most advanced IT systems among Russian touroperators. One of the biggest discounters with developed retails agency and franchise network One of the biggest and oldest in Russia with a brand of reliable touroperator. Big retail chain of agencies. Big discounter. Sells mainly Turkey and Egypt. Sub-agent reseller of Tez tour inventory at 2-3% discount. Price discrimination strategy of Tez. European hegemon. Entered Russia by acquiring 2 midsize touroperatos. Heavily investing in branding as a premium touroperator. Big touroperator. Good brand. Own and franchise agency network. Launched in Holding company for the oldest franchise network with over 100 offices across Russia. The brand associated with last minute cheap deals. Franchise network (since 2002 ) with over 600 agencies in 245 cities in Russia, Ukraine and other CIS countries. Launched in Over 100 offices mix of own and franchises. Known for efficient sales operations. Top 5 in organic results in Yandex by many keywords. Launched in Operate under 3 online brands. More savvy in online marketing than most offline agencies. 10 own offices in 5 cities. Started in 2004 as a blog in Russian social network - livejournal. Claim to find the cheapest deals with an army of freelancers and full time experts. Very popular among young trendy crowd. 7 offices in Moscow and St.Petersburg Travelata launched in Dec Offering wide assortment of tour packages from over 120 touroperators online. Low price guarantee and fin guarantees against TO bankruptcies. Raised $5.5M from MCI management and Invia.cz Launched in Wide assortment. Raised $2M from InVenture Partners. Gross sales, 2013 USD m per month >100 Main sales and marketing channels Online sales Independent travel agencies <1% Franchise and independent agencies, brand ads, PPC Franchise and independent agencies, brand ads, PPC Independent travel agencies Independent travel agencies Franchise and independent agencies, brand ads, PPC Franchise and independent agencies, brand ads, PPC SEO, Offline foothold SEO, Offline foothold SEO SEO, PPC SMM, word of mouth PPC, White labels, Affiliate program, marketing PPC, marketing Not exhaustive <1% < 1% < 1% <5% Launched in Focused on Voyage Prive model of a closed shopping club by subscription. Raised ~$7M from European and local angel investors. PPC, marketing 7
The Use of Online Service Booking in Tourist Activity. Violetta S. Molchanova
The Use of Online Service Booking in Tourist Activity Sochi State University, Russian Federation 26 a Sovetskaya St., Sochi 354000 Post-graduate student E-mail: v.molchanova_1991@list.ru Violetta S. Molchanova
More informationHealth Care Market - 8% Of GDP Out Of Pocket Spending - 72% Of Total Health Care Expenditure
GEORGIAN HEALTH CARE & INSURANCE MARKET INSURANCE COMPANY ALDAGI BCI Presenter: Nikoloz Gamkrelidze, ALDAGI BCI, CEO FEB 2011 Health Care Market - 8% Of GDP Out Of Pocket Spending - 72% Of Total Health
More informationMarketScan Russia 2013. The Hague, April 2013
MarketScan Russia 2013 The Hague, April 2013 NBTC Holland Marketing NBTC Holland Marketing (NBTC) NBTC is responsible for branding and marketing the Netherlands nationally and internationally. Using the
More informationSupported Payment Methods
Sell Globally in a Snap Supported Payment Methods Global In the global payments market, credit cards are the most popular payment method. However, BlueSnap expands the payment selection by including not
More informationTRENDS SHAPING ONLINE TRAVEL Euromonitor International. @Euromonitor
TRENDS SHAPING ONLINE TRAVEL Euromonitor International 18 MARCH 2014 @Euromonitor @CarolineBremner GLOBAL OVERVIEW CONSUMER TRENDS IN ONLINE TRAVEL A NEW COMPETITIVE ENVIRONMENT GLOBAL OVERVIEW Global
More informationKazakhstan Azerbaijan. 12 April 2016 14 April 2016
Kazakhstan Azerbaijan 12 April 2016 14 April 2016 B2B Luxury & MICE Workshop WHAT IS IT? B2B Luxury & MICE workshop provides you a unique opportunity to meet with the top-tier local buyers from Azerbaijan
More informationInformation for bank customers on terms and conditions of transfers via international money transfer systems:
Information for bank customers on terms and conditions of transfers via international money transfer systems: 1 AVERS international money transfer system within Ukraine (USD, UAH): 0.8% of the transferred
More informationTime to go Online in Russia. Moscow St. Petersburg Berlin Milan - Paris
Time to go Online in Russia Moscow St. Petersburg Berlin Milan - Paris Russian e-commerce market today 25 bln 30% 1 70 mln Annual turnover of e-commerce market in 2015 Growing of e-commerce market in Russia
More informationSupported Payment Methods
Supported Payment Methods Global In the global payments market, credit cards are the most popular payment method. However, BlueSnap expands the payment selection by including not only the major credit
More informationChinese Overseas Tourism on the Rise Globally
Chinese Overseas Tourism on the Rise Globally Chinese Outbound Tourism Demographics Chinese Outbound Tourism Demographics China s Overseas Tourist Groups BUSINESS The Chinese business tourist is a growing
More informationDIRECT & INDIRECT SALES CHANNELS
DIRECT & INDIRECT SALES CHANNELS Knowing where your potential customers search for information and being visible in those places/channels is key to driving sales. 2 main channels: 1. Direct - both online
More informationin Scotland for holidaymakers from overseas
in Scotland for holidaymakers from overseas In Scotland, most health care is provided by the National Health Service (NHS). If you are coming to Scotland on holiday or to visit friends or relatives, you
More informationOverview of the Stockmann Group. 11 January 2012 CEO Hannu Penttilä
Overview of the Stockmann Group 11 January 2012 CEO Hannu Penttilä Stockmann Group in brief! International multichannel retailer, founded in 1862! Three business divisions: Department Store Division, Lindex
More informationThe all-in-one tourism marketing platform PRODUCT PRESENTATION
The all-in-one tourism marketing platform PRODUCT PRESENTATION CONTENTS PRODUCT PHILOSOPHY 3 THE MARKET 4 THE PROBLEM. ONLINE MARKETING 5 THE PROBLEM. TECHNOLOGY UPDATE 6 LOCALLER: THE SOLUTION 7 LOCALLER:
More informationB2B TOURISM PROMOTION
+ B2B TOURISM PROMOTION IN RUSSIA, KAZAKHSTAN, BELARUS, UKRAINE 23 500 daily visits 37 000 tourism professionals in social networks 82 500 e-mail subscribers 27 000 registered users with profiles 1500
More informationKKC main lines of business
KKC main lines of business KKC Group of Companies KKC Group of Companies Founded: 1991 HQ: Moscow, Russia Number of employees: 240 Turnover: US $50,000,000 (2011) Subsidiaries: Saint-Petersburg, Sochi,
More informationCorporate Presenta,on
Corporate Presenta,on Company Overview Markets Customers Products & Services Por:olio Product Demonstra=on Q&A Company Overview A company comprised of technology & travel professionals focused on providing
More informationEnd of the OTA merchant model this time for real
2010 End of the OTA merchant model this time for real By Max Starkov H e B S d i g i t a l, I n c. A d d r e s s : 6 W 4 8 t h S t. 8 t h F l o o r, N e w Y o r k, N Y 1 0 0 3 6 P h o n e : 2 1 2-7 5 2-8
More informationTravelling & Tourism Marketing Services
PR & CONSULTING SERVICES WWW..COM PR & CONSULTING AGENCY We never offer you a standard promotion plan with enormous budget and usual marketing tools. We work only in one niche of tourism and travel, and
More informationIn the Armpit of Russia - What Proximity of the Russian Border Means to South- East Finland?
In the Armpit of Russia - What Proximity of the Russian Border Means to South- East Finland? Pasi Nurkka pasi.nurkka@tak.fi 040-5055 903 1 GDP per capita (current US$) 1989-2010 Index (1989=100) 400 350
More informationTHE NEW ONLINE TRAVEL CONSUMER
THE NEW ONLINE TRAVEL CONSUMER THE NEW ONLINE TRAVEL CONSUMER Featuring Euromonitor International and the ETOA 13 FEBRUARY 2014 @Euromonitor @ETOA @nsightfortravel FOLLOW TODAY S WEBINAR: #digitaltravel
More informationHow To Teach In Latvian Higher Education
HIGHER EDUCATION IN LATVIA Gunta Takere Academic Programme Agency Key Facts About Latvia One of the Baltic States, member of European Union, on the east coast of the Baltic Sea Capital Riga 2,3 million
More informationInvestor s day. 15th June 2012
Investor s day 15th June 2012 2012 Highlight: Growth in Russia Moscow (6) Samara (2) Novosibirsk (1) Krasnodar (1) Rostov (1) Ufa (1) Yekaterinburg (1) 13 Stores in Russia since November 2012 Forecast
More informationReported by Yandex.Market Spring 2007. Introduction
Online Shopping in Russia Information bulletin Reported by Yandex.Market Spring 2007 Contents Introduction...1 1. General market overview...2 1.1. Moscow and regions...2 1.2. Growth problems...3 2. Market,
More informationThe Community Innovation Survey 2010 (CIS 2010)
The Community Innovation Survey 2010 (CIS 2010) THE HARMONISED SURVEY QUESTIONNAIRE The Community Innovation Survey 2010 FINAL VERSION July 9, 2010 This survey collects information on your enterprise s
More informationSupported by the Russian Ministry of Industry and Trade
Supported by the Russian Ministry of Industry and Trade The event stimulates competition in Russia s glass industry, encourages application of the latest developments at domestic production facilities,
More informationThe world s number one integrated leisure tourism business the new TUI
The world s number one integrated leisure tourism business the new TUI About us Embarking on a new era The new TUI Group is a company of opportunities for our customers, our shareholders and our employees.
More informationAN EVOLVING CTRIP. www.ctrip.com
AN EVOLVING CTRIP www.ctrip.com Chinese Tourist Market Ctrip Introduction San Francisco Market Data How to Promote Your Hotel? Chinese Tourist Trend Growth Trend for Chinese Outbound Traveler Bloomberg
More informationHow To Understand Tourism In The Uk
UK TOURISM STATISTICS 2014 Tourism: At the Forefront of the UK s Economic Recovery Tourism has been one of the UK s great success stories over the last five years. While the UK economy as a whole has languished
More informationCOMPANY PROFILE FAKHRI TRAVEL & TOURISM CENTRE (FTTC) KINGDOM OF BAHRAIN. Leaders in global travel services. Fakhri Travel & Tourism Centre
COMPANY PROFILE FAKHRI TRAVEL & TOURISM CENTRE (FTTC) KINGDOM OF BAHRAIN Background Fakhri Travel and Tourism Centre (FTTC) was founded back in 1996 under Arab Travel Tourism and Cargo commercial name
More informationOnline Travel Agents 101
Topic Online Distribution Tutorial 39A Online Travel Agents 101 This tutorial outlines the role of Online Travel Agents and how to work with them. Reading time: 15 minutes Prerequisite: none Tutorials
More informationGreece Country Profile
Greece Country Profile EU Tax Centre March 2013 Key factors for efficient cross-border tax planning involving Greece EU Member State Double Tax Treaties With: Albania Estonia Lithuania Serbia Armenia Finland
More informationEmerging Opportunities and Growth Prospects in the Indonesian Travel Intermediaries Industry, Analyses and Forecasts to 2016
Emerging Opportunities and Growth Prospects in the Indonesian Travel Intermediaries Industry, Analyses and Forecasts to 2016 BRICdata John Carpenter House 7 Carmelite Street London EC4Y 0BS United Kingdom
More informationTerms and Conditions for the EU/EFTA and CEE Non-EU/EFTA Windows Server Hyper-v deployment Cash Back Promotion
The terms and conditions listed below are to be included in the online form where the reseller submits a redemption request. The reseller must agree to the terms and conditions to be considered for redemption.
More informationSell Global. Feel Local. Market Insight: Russia
Sell Global. Feel Local Market Insight: Russia 27% Russia s e-commerce market is the fastest growing market in Europe. With an annual growth rate of 27%, it is also growing much faster than the U.S., U.K.,
More informationEU Opportunities for the Tourism Sector
EUROPEAN LUXURY TRAVEL COLLECTION Cloud Loyalty & Club Concierge EU Opportunities for the Tourism Sector NECSTouR ERRIN Partnering event 15 th May 2014 Who we are My Special Guest is a travel and retail
More informationMoscow University of Finance and Law!
Welcome to the Moscow University of Finance and Law! Are you thinking about studying abroad in Russia? The Moscow University of Finance and Law offers foreign students a variety of options to choose from-ranging
More informationIntegrated telecommunication solutions
Integrated telecommunication solutions 1 About THE Linx Group Our extensive industry experience have already helped many multinational clients The Linx Group (known under Linxtelecom and Linxdatacenter
More informationCorrespondent Banking
Correspondent Banking Treasury Corporate Banking Consumer Banking Settlements Risk Management Personnel Policy Correspondent Banking The August 1998 financial crisis undoubtedly strengthened the competitive
More informationEMERGING OUTBOUND MARKETS:
EMERGING OUTBOUND MARKETS: Increasing Tourism Arrivals to the Caribbean From Non-traditional Markets Paul Cohen, Vice President Optriant 1 ABOUT OPTRIANT AND PREFERRED HOSPITALITY GROUP Optriant is a leading
More informationTRAVEL MEDIA Jsc. In Travel Media Jsc
TRAVEL MEDIA Jsc. Travel Media Jsc is Bulgarian investment company. In Travel Media Jsc structure there are 7 companies: P Group Plovdiv incoming touroperator Zelanos Tours specialist in cultural tourism
More informationOur Management A Strong Team! (I) Raiffeisen Bank Aval Strategy and Business Development. Volodymyr Lavrenchuk, CEO Raiffeisen Bank Aval
Raiffeisen Bank Aval Strategy and Business Development Volodymyr Lavrenchuk, CEO Raiffeisen Bank Aval Our Management A Strong Team! (I) Lubomir Pokorny Retail Arthur Iliyav I (Multinationals) Gerhard Boesch
More informationThe world s number one integrated leisure tourism business the new TUI
The world s number one integrated leisure tourism business the new TUI About us Embarking on a new era The new TUI Group is a company of opportunities for our customers, our shareholders and our employees.
More informationApplying for a Schengen visa
Applying for a Schengen visa If you have any questions about this information booklet, please contact the International Student Advisers on internationalstudentsupport@glasgow.ac.uk or (0141) 330 2912.
More informationEuropean Tour Operators Association (ETOA) Maximise your B2B marketing: How to connect with the travel trade?
European Tour Operators Association (ETOA) Maximise your B2B marketing: How to connect with the travel trade? Quick Facts Established since 1989 600 Members Members located in 35 countries worldwide 5.5bn
More informationUnderstanding Online Travel Agencies Cost Drivers and Ways to Optimise Business in Europe
Understanding Online Travel Agencies Cost Drivers and Ways to Optimise Business in Europe July 2010 Understanding Online Travel Agencies Cost Drivers and Ways to Optimise Business in Europe July 2010
More informationMIT U.S. Income Tax Presentation Non US Resident Students
MIT U.S. Income Tax Presentation Non US Resident Students PwC Boston Nabih Daaboul Carol McNeil Rich Wagman 1 Basic U.S. Tax Overview for International Students A foreign national is a person born outside
More informationThe Evolution of Online Travel. Angelo Rossini Euromonitor International
The Evolution of Online Travel Angelo Rossini Euromonitor International THE ONLINE TRAVEL REVOLUTION THE INTERNET BECOMES MOBILE GEOSOCIAL NETWORKS AND SOLOMO TOWARDS A NEW BUSINESS MODEL EMERGING TRENDS
More informationWelcome to the ITB Academy Webinar. The Germans on holiday Trends from the study Reiseanalyse 2015
Welcome to the ITB Academy Webinar The Germans on holiday Trends from the study Reiseanalyse 2015 A warm welcome from Kiel! 2 Today is about Volume of holiday demand Holiday destinations: Demand and interest
More informationNetpeak is one of the largest online marketing agencies in Eastern Europe
Partner Program Netpeak is one of the largest online marketing agencies in Eastern Europe 2006 Working in online marketing and SEO since 2006 8 offices in 5 countries New York, Sofia, Kiev, Odessa, Kharkov,
More informationZalando - Europe's market leader in fashion ecommerce. April 2013
Zalando - Europe's market leader in fashion ecommerce April 2013 Zalando is driving a mega trend, bringing fashion ecommerce to Europe Mega trend: Online fashion is the second wave of ecommerce, following
More informationInternational aspects of taxation in the Netherlands
International aspects of taxation in the Netherlands Individuals resident in the Netherlands are subject to income tax on their worldwide income. Companies established in the Netherlands are subject to
More informationMARKET OVERVIEW. Hotel industry in Russia
522 SW 5 th Ave., Suite 708 Portland, OR 97205 USA Toll Free: 877-WITH-ACG Direct Line: 503-922-2966 info@aginskyconsulting.com www.aginskyconsulting.com August 14, 2007 MARKET OVERVIEW Hotel industry
More informationRuukki set for growth in Russia. Sakari Tamminen CEO, Rautaruukki Corporation May 2011
Ruukki set for growth in Russia Sakari Tamminen CEO, Rautaruukki Corporation May 2011 Presentation overview Ruukki in brief Ruukki in Russia Growth opportunities in Russia Summary 2 Ruukki in brief Construction
More informationAnnual Results Presentation Fiscal Year 2008
Annual Results Presentation Fiscal Year 2008 October 21, 2008 Philippe Gas Chief Executive Officer Euro Disney S.A.S. 2008 an important milestone Record revenues: 1,330 M Net profit: 2 M Third year of
More informationBusiness Mobile Plans
PRODUCT SOLUTIONS Business Mobile Plans GUERNSEY Whatever the size of your business, we can provide the ideal mobile solution for you. Our tariffs are flexible to suit all kinds of businesses and are designed
More informationBIBLIO GLOBUS TOUR OPERATOR HAS BEEN WORKING AT THE MARKET OF OUTGOING TOURISM SINCE 1994-33 destinations
BIBLIO GLOBUS TOUR OPERATOR HAS BEEN WORKING AT THE MARKET OF OUTGOING TOURISM SINCE 1994-33 destinations - Direct flights from 34 cities of Russia THE TOURIST PACKAGE INCLUDES: beach tours combined tours
More informationINTERCHANGE RATES MASTERCARD AND VISA
INTERCHANGE RATES MASTERCARD AND VISA UK Domestic UK Domestic Fees Effective: as at 1 December 2014 Commercial Card Interchange Rates Corporate Card Purchasing Card Business Card Commercial Prepaid Prepaid
More informationASSOCIATION OF RUSSIAN EDUCATIONAL ADVISORS (AREA)
ASSOCIATION OF RUSSIAN EDUCATIONAL ADVISORS (AREA) Year of foundation 2007 Member of FELCA (The Federation of Education and Language Consultant Associations) 30 agencies from 11 cities (3 years of experience,
More informationTHE GLOBAL WELLNESS TOURISM ECONOMY 2013
ITB EXPERTS FORUM WELLNESS THE GLOBAL WELLNESS TOURISM ECONOMY 2013 Susie Ellis Chairman & CEO Global Spa & Wellness Summit Why You Should Care about Wellness Tourism? 1. Huge Marketing Support 2. More
More informationPART TWO POLICIES FOR ADJUSTMENT AND GROWTH
PART TWO ICIES FOR ADJUSTMENT AND GROWTH Economic Survey of Europe, 22 No. 1 CHAPTER 4 TECHNOLOGICAL ACTIVITY IN THE ECE REGION DURING THE 199s While the task of estimating the contribution of technical
More informationErik Blachford. President and CEO, Expedia, Inc. & IAC Travel
Erik Blachford President and CEO, Expedia, Inc. & IAC Travel Key Competitive Advantages Unique US travel brand portfolio Superior technology platform Unparalleled global reach Entrepreneurial management
More informationR E V I E W O F O P E R A T I O N S. Hotels and Resorts
R E V I E W O F O P E R A T I O N S Hotels and Resorts Our marketing philosophy is to build and leverage the Sun International brand. We proactively deliver innovative, world class services and solutions
More informationMedia Pack. Oban Multilingual Strategy Ltd. Sussex Innovation Centre Science Park Square Falmer, Brighton East Sussex
Media Pack Oban Multilingual Strategy Ltd Sussex Innovation Centre Science Park Square Falmer, Brighton East Sussex Tel: +44 (0)1273 704 434 Fax: +44 (0)1273 704 499 info@obanmultilingual.com www.obanmultilingual.com
More information25.02.2013. Russian juice market analysis
25.02.2013 Russian juice market analysis Russian concentrate market Concentrates increases in off-trade RTD volume by 3% and in off-trade value by 14% in 2011 Powder concentrates increases by 1% in off-trade
More informationU.S. Producer Price Index for Travel Agencies NAICS 561510
U.S. Producer Price Index for Travel Agencies NAICS 561510 Andrew Baer Chief, Services Section Division of Industrial Prices & Price Indexes U.S. Bureau of Labor Statistics 29 th Voorburg Group Meeting
More informationEuropean Hotel Distribution Study: The Rise of Online Intermediaries. Special Focus Switzerland
European Hotel Distribution Study: The Rise of Online Intermediaries Special Focus Switzerland July 4, 2014 Prof. Roland Schegg, HES SO Valais (Sierre, Switzerland) roland.schegg@hevs.ch Page 1 Executive
More informationOpportunities in Cross-Border ecommerce
Thomas Baldry Senior Vice President Global Mail Germany Opportunities in Cross-Border ecommerce 14th Königswinter Seminar on Postal Economics Königswinter, 26 th November 2013 esubstitution A bright Future?
More informationDistribution in the Long Tail. Dennis Schaal, Tnooz
Distribution in the Long Tail Dennis Schaal, Tnooz Definition For our purposes, travel inventory in the long tail Is NOT: Branded hotels Airlines Car rental Major cruise lines IS: Tours and activities
More informationDestination Management Company
Destination Management Company Message from Chairman of the Board BORIS ŽGOMBA Since it was founded in 1996, travel agency Uniline has reached the status of one of the leading destination management companies
More informationKOZMINSKI UNIVERSITY
KOZMINSKI UNIVERSITY The Oxford of Central and Eastern Europe* Education at KOZMINSKI - Prestige throughout the World *WPROST 05/2007 KOZMINSKI UNIVERSITY General Information Founded in 1993 #1 business
More informationInternational Exhibition for Transport, Logistics and IT solutions
International Exhibition for Transport, Logistics and IT solutions Event Summary MIPS 2015 13-16 April 2015 VVC Expo Centre, Moscow, Russia 430 Exhibitors MIPS / Securika is the largest exhibition of security
More informationGlobal Online Payment Methods: First Half 2015
Brochure More information from http://www.researchandmarkets.com/reports/3378379/ Global Online Payment Methods: First Half 2015 Description: Around the world, the online and mobile payments environments
More informationProperty & Casualty: AXA Direct
Investor Day 4 December, 2013 Property & Casualty: AXA Direct Stéphane Guinet CEO, AXA Global Direct Cautionary note concerning forward-looking statements Certain statements contained herein are forward-looking
More informationCredit & Debit Card Payments. Factsheet
Credit & Debit Card Payments Factsheet Contents 1. Card Types... 2 2. Supported countries... 2 3. First Funding via Credit / Debit Card... 3 4. Transaction Currencies... 4 5. Currency Conversion... 4 6.
More informationMarketScan Indonesia 2015. The Hague, August 2015
MarketScan Indonesia 2015 The Hague, August 2015 NBTC Holland Marketing NBTC Holland Marketing (NBTC) NBTC is responsible for branding and marketing the Netherlands nationally and internationally. Using
More informationRC GROUP. Corporate Overview
RC GROUP Corporate Overview VISION & MISSION We, at RC Group aim to become the preferred Partner for Innovative, Customer driven, Value adding IT based business solutions and services in local and international
More informationAristotle University of Thessaloniki ARISTOTLE UNIVERSITY OF THESSALONIKI
Aristotle University of Thessaloniki Helen Kotsaki Head of the International Relations Department Outline 1. Aristotle University of Thessaloniki International Relations Department main activities Inter-university
More informationCompany. knowledge of all tourism destinations in Italy and is able to select the best product, quality and rate for any destination.
Company profile Company Italcamel is one of the major Italian tour operators, founded in 1979 and grown over the years through the expertise of its staff. It has become one of the leaders in the B2B incoming
More information4 edition. LUxURY TRAVEL TRENDS. march 2014
march 2014 WHO WE ARE p 3 THE STUDY p 4 MARKET p 6 LERS PROFILE CONCLUSION p16 p24 The Pangaea Network Who we are Pangaea Network is an international organization of independent agencies offering consultancy,
More informationMaster's in midwifery: challenging the present, protecting the future? Valerie Fleming R.M., Ph.D.
Master's in midwifery: challenging the present, protecting the future? Valerie Fleming R.M., Ph.D. Master s graduates Demonstrate knowledge and understanding that is founded upon and extends and/or enhances
More informationAMA. e-mpowering YOUR BUSINESS TODAY FOR TOMORROW INSURANCE SOLUTIONS
Phone No: +44.1900.220.760 Email: treaty@amainsurancesolutions.com Website: www.amainsurancesolutions.com ABOUT With a strong and experienced team, Solutions knows what the International Business community
More informationVisit Finland Visitor Survey 2014
2 Visit Finland Visitor Survey 2014 Visit Finland Studies 1 Finpro, Visit Finland Helsinki 2015 3 Table of Contents Abstract... 5 Introduction... 6 Trips to Finland... 8 Day visitors, tourists staying
More informationConsumer Behaviour in Russia. Samuli Pesu Partner, Head of Marketing Awara Group 13.12.2013
Consumer Behaviour in Russia Samuli Pesu Partner, Head of Marketing Awara Group 13.12.2013 Content of the Presentation Different Generations of Russian Consumers Primary Consumption Styles Russian Consumers
More information2 nd Quarter 2006 Earnings Conference Call
2 nd Quarter 2006 Earnings Conference Call Jean-Pierre Vandromme, CEO Boris Svetlichny, CFO Alexey Subbotin, Investor Relations When Thursday, August 3, 2006 9:00 a.m. (U.S. Eastern Time Zone) 2:00 p.m.
More informationMaking Leaders Successful Every Day
Making Leaders Successful Every Day Succeeding In Global ecommerce Forrester Research Benjamin Ensor Research Director, ebusiness & Channel Strategy March 13, 2013 For internal use only Agenda What s the
More informationRussian Real Estate Investment Market
Russian Real Estate Investment Market Russian real estate investment volumes Investment volume dynamics, USD mn* 8,000 Q1 Q2 Q3 Q4 7,000F 6,000 5,059 4,799 4,000 4,005 3,917 3,243 2,000 0 757 131 301 2003
More informationJeff Edwards Head of Global Hotels Group June 2013
Jeff Edwards Head of Global s Group June 2013 Agenda Why? Industry context and business opportunity Distribution strategy and business proposition IT Competitive environment Our strategy Our product offering
More informationGlobal ecommerce Expansion: Opportunities and Threats in Beauty, Fashion, FMCG and Luxury. A Benchmarking Report
Global ecommerce Expansion: Opportunities and Threats in Beauty, Fashion, FMCG and Luxury A Benchmarking Report Executive Summary In a time of unprecedented growth in ecommerce, companies are increasingly
More informationAir connectivity opportunities in 2016 and beyond 38 th Annual Hotel Conference
REPUBLIC OF CYPRUS Ministry of Transport, Communications and Works. 2 nd of February 2016 Air connectivity opportunities in 2016 and beyond 38 th Annual Hotel Conference Airport traffic in 2015 at record
More informationWhite paper. Engineer to Order Manufacturing
White paper Selecting ERP for Engineer to Order Manufacturing content Are you getting the real deal?... 3 Conclusion... 4 About IFS... 5 Selecting ERP for Engineer to Order Manufacturing By Peter Gross
More informationBLUM Attorneys at Law
BLUM Attorneys at Law CORPORATE TAXATION SYSTEM IN SWITZERLAND Outline of Swiss Corporate Tax System Levels of Taxation in Switzerland Resident companies are subject to: federal corporate income tax, and
More informationTourism trends in Europe and in Mediterranean Partner Countries, 2000-2006
Industry, trade and services Author: Ulrich SPÖREL, Volker TÄUBE Statistics in focus 95/28 Tourism trends in Europe and in Mediterranean Partner Countries, 2-26 Tourism is a growth industry in Europe and
More informationRoads to Visa-free Travel
Roads to Visa-free Travel Position Paper Committee on Eastern European Economic Relations Retaining visas in border traffic is always an expression of a certain distrust between nations. And we have to
More informationGLOBAL B2C E-COMMERCE DELIVERY 2015
PUBLICATION DATE: OCTOBER 2015 PAGE 2 GENERAL INFORMATION I PAGE 3 KEY FINDINGS I PAGE 4-8 TABLE OF CONTENTS I PAGE 9 REPORT-SPECIFIC SAMPLE CHARTS I PAGE 10 METHODOLOGY I PAGE 11RELATED REPORTS I PAGE
More informationPMR. IT outsourcing in Central and Eastern Europe FREE ARTICLE. www.ictrussia.com
FREE ARTICLE www.ictrussia.com IT outsourcing in Central and Eastern Europe Source: IT outsourcing in Central and Eastern Europe 2009 Countries attractiveness and development forecasts January 2009 PMR
More information41 T Korea, Rep. 52.3. 42 T Netherlands 51.4. 43 T Japan 51.1. 44 E Bulgaria 51.1. 45 T Argentina 50.8. 46 T Czech Republic 50.4. 47 T Greece 50.
Overall Results Climate Change Performance Index 2012 Table 1 Rank Country Score** Partial Score Tendency Trend Level Policy 1* Rank Country Score** Partial Score Tendency Trend Level Policy 21 - Egypt***
More informationEMEA BENEFITS BENCHMARKING OFFERING
EMEA BENEFITS BENCHMARKING OFFERING COVERED COUNTRIES SWEDEN FINLAND NORWAY ESTONIA R U S S I A DENMARK LITHUANIA LATVIA IRELAND PORTUGAL U. K. NETHERLANDS POLAND BELARUS GERMANY BELGIUM CZECH REP. UKRAINE
More informationThe Impact of The European Crisis on Travel To and From Europe and China & Asia-Pacific
The Impact of The European Crisis on Travel To and From Europe and China & Asia-Pacific A Report by Research For Travel Ltd July 2012 Research For Travel Ltd The Impact of The European Crisis on Travel
More informationOnline travel sales. Introduction. Appendix 2:
31 Appendix 2: Online travel sales Introduction While it may be hard to imagine a time when all travel was booked by phone or in person, the fact is that the online travel market is barely two decades
More information