Russia
Vietnam and Thailand top destinations for Russians
The central province of Khanh Haa, home to the famous beach town of Nha Trang city, is much loved by Russian tourists, accounting for one fifth of total foreign arrivals. (Source: VNA)
HCM City (VNA) – Vietnam has become one of the top destinations in the Asia Pacific region for Russians, according to global travel analysis firm ForwardKeys.
The ForwardKeys survey found that Vietnam saw the highest increase in Russian market seat capacity at 153 percent, followed by Thailand and the Maldives, which saw a growth of 125 percent and 58 percent, respectively. The Republic of Korea and India also saw seat capacity rising by more than 30 percent.
Last year, Russian tourist arrivals to Khanh Hoa reached nearly 400,000, up 1.5 percent year-on-year, making it the second biggest feeder market for local tourism after China.
Vietnam received a record high of 606,000 Russians last year, accounting for 4 percent of total foreign tourist arrivals. –VNA
As sanctions continue, Sino-Russian relations – in many ways a pragmatic response to Western reproach – have been steadily developing. Russia’s eastward leaning strategy, or its ‘pivot to Asia,’ is largely coming in the form of energy relations and military cooperation with China.
(more…)
Real Estate
Why more property investors are looking to REITs
REIT’s popularity is supported by declining bank deposit rates encouraging investors to seek alternative and higher yielding investment
Real estate investment trusts are growing in popularity around the world, as investors seek new ways to access an increasingly institutional market. REITs are listed as private funds which are tax-transparent, so investors are only taxed on their dividends. (more…)
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...