Russia Remains Star European Travel Performer

5/4/2012 12:53 PM EST

IDEA MEDIA
Press release

Russia Remains Star European Travel Performer

The Quarter One Report for 2012 From the European Travel Commission Reveals
That Russia 'Remains a Star Performer' Within Its Paper on European Tourism
2012 -- Trends & Prospects 

NOTTINGHAM, United Kingdom, 2012-05-04 18:53 CEST (GLOBE NEWSWIRE) -- The
report states the economic growth rates in the UK are likely to continue to be
volatile throughout 2012, "with Q2 likely to see GDP decline because of an
extra bank holiday and Q3 likely to see strong rebound due to the catch-up and
the boost from hosting the Olympic Games." 

So whilst the report is confident 'Travel from the UK remains steady in the
early part of 2012. After a strong performance last year to the largest
destinations, the UK market continues to grow, albeit modestly, to the majority
of destinations' the smart investors should be turning their attention to
Russia where the outbound tourism spend, is forecast to rise by an average 8% a
year until 2016 according to Euromonitor International. 

Matthew Goldstein, co-founder of EuraMedia Summit 2012; a conference dedicated
to uniting business entrepreneurs from all over the world with Russian
investors to shape the growth of their future economy, urges innovators and
leaders from the UK travel industry to be part of this exciting opportunity. 

"Russia is really the last untapped frontier in terms of online travel.
Oktogo.ru received a 15 million USD boost from investment bank VTB in March to
Ostrovok.ru, a pretty simple hotel booking system, reaped approximately 13
million this year. This is definitely one of the hotter sectors of an already
very hot online retail industry." He continued, "A lot of investment is coming
from the US and from Europeans, which are also quickly expanding their existing
travel sites into Russia. Things are moving, now, though, at turbo speed, which
is likely for the best, with the Olympics and World Cup right around the bend." 

From the obvious delegate attendance to sponsorship, free PR and contra deals,
the travel industry shouldn't sit back and let the US and the rest of Europe
take advantage of Russia's growth, EuraMedia could be the answer to future
success. 

  -- EuraMedia Summit will take place June 13 - June 16 2012 at The Seaport
     Hotel and World Trade Center located at 200 Seaport Blvd. in Boston, MA.
     For more information contact  
  -- The multi faceted summit will ultimately offer attendees access to the
     great and good in Russian business. They will hear from top industry
     speakers such as Steve Wozniak of Apple Computer Inc, learn from case
     studies of existing Western success stories doing business in Russia,
     intimately network to create future long term relationships, attend
     educational seminars to aid them in future business ventures with Russia
     and explore new business leads.
  -- A VIP networking opportunity; a black tie awards ceremony and charity event
     to be co-hosted by IDEA Media and famed actress Sarah Jessica Parker will
     also happen at the Summit. The awards, to be given out by top media
     executives as well as celebrities, will focus on the entertainment and
     media industries (both traditional and digital) and will honor pioneers
     from Russia and the CIS in these fields. The event also will feature an
     auction of vintage Soviet and US movie memorabilia and will benefit The
     Life Line Charity Fund.
  -- Matthew Goldstein, co-founder and principal of IDEA Consulting Inc. is a
     graduate of Phillips Academy Andover and a J.William Fulbright Scholar on
     Popular Culture and Youth Political Mobilization in the former Soviet
     space.


         UK Contact
         Charley Christopher