Will Vietnam Overtake Thailand as Asian Playground for Russians?


Skift Take

Europe is the top growing source for Asia-Pacific, and it’s not because of growth from Asia’s traditional European markets such as the United Kingdom. It’s because of a huge spike in Russian arrivals. And Vietnam benefits.

Russian arrivals to the Asia-Pacific region are soaring on the back of substantial increases in air seat capacity, especially to Vietnam and Thailand. From May 2018 to April 2019, Russian arrivals to Asia-Pacific rose 54.5 percent, far outstripping total international arrivals growth to the region of 3.8 percent, according to ForwardKeys. This makes Europe the top growing source for Asia-Pacific, up 6.3 percent year on year, followed by the Americas, up 4.2 percent, and Asia-Pacific, up 3.9 percent, the analytics firm said. Arrivals from the Middle East and Africa to the Asia-Pacific dropped 1.5 percent during the period. The huge spike in Russian travelers is propelled by a doubling of direct flights from Russia to Asia-Pacific, with seat capacity increasing by 38 percent overall, according to ForwardKeys’ vice president, insights, Olivier Ponti. �