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Concerns TUI and Thomas Cook extend its presence in Russia market

Concerns TUI Travel and Thomas Cook extend the presence in the Russia market. According to experts, in ten years Russia will be released in fourth place in the number of TourService – after Germany, Britain and France, passes Deutsche Welle.

travel company Tui Travel — subsidiary of concern TUI – recorded, together with partners in Russia a new brand Tui Russia. Joint venture with Russia’s billionaire Alexei Mordashov has increased its share of Russian travel agencies and Mostravel VKO, as well as in the Ukrainian company Voyage Kiev from 34 to 75%. “We intend to strengthen its position in Russia’s market and take a leadership position,” – said the representative of the TUI.

Meanwhile, representatives of Germany and the UK group Thomas Cook confirmed appeared in media reports about talks with Russia’s partners. “Consultations have entered the final phase” – Reuters news agency brings words of the head of the concern Mani Fontenla-Novoa. According to him, we are talking about the possible purchase or acquisition of shares of the former Soviet tourism monopoly, Intourist. In the near future will become clear whether the agreement or not, “said Fontenla-Novoa.

According to market research experts from the Institute Mintel, after ten years of Russia in the number of TourService take fourth place in Europe after Germany, Great Britain and France. The world’s leading tourist concerns are actively seeking new markets. They are forced to do it, because in traditional countries of opportunities for growth are virtually exhausted.

“Russia today is considered one of the most promising markets”, – said the head of TUI, Michael Frenzel (Michael Frenzel). However, in the past year in connection with the economic crisis the number of Russians who bought tours, decreased by 12%.