Russian visitors to spend €100m less in Finland, MaRa estimates
Consumption by Russian visitors in Finland will decrease by a minimum of 100 million euros this year, estimates the Finnish Hospitality Association (MaRa). Overnight stays by Russian visitors fell by roughly ten per cent between January and June and are expected to decline further in the latter half of the year as economic uncertainty, slumping rouble and the crisis in Ukraine continue to gnaw away at the interest of Russian citizens in travel.
“In 2009, the money brought by Russian visitors decreased by nearly 100 million euros due to the recession. The crisis today is even worse,” highlights Jouni Vihmo, an economist at MaRa. “This time, the amount of money will decrease by at least 100 million euros, maybe as much as by 150—200 million euros,” he gauges.