The Crimea crisis in March coincided with a noticeable slowdown in tourism from Russia to Europe, research by the European Travel Commission (ETC) shows.
At the start of the year, arrivals from Russia to Europe were expected to grow by around 10 per cent in 2014, but the forecast has now been dropped to just three per cent.
But, what do those percentages mean in real terms? Prior to the crisis, Russia’s outbound travel market to Europe was expected to grow by more than four million visits between 2014 and 2016. Now the forecast is for only 2.5 million more trips.