Interest in the WEF among business representatives has grown

Experts from Aeroclub, a business travel market leader and a leading provider of IT solutions for the industry, analyzed the bookings of Russian and foreign companies operating in Russia for the period of the Eastern Economic Forum in Vladivostok and found out representatives of which industries went to the forum, which hotels are preferred by delegates, and how the demand for air tickets has changed.

Interest in WEF among business representatives increased

According to the study, the demand for air tickets to Vladivostok during the Eastern Economic Forum increased by 62% compared to last year and surpassed the indicators of the “pre-pandemic” 2019 by 45%. A third of the delegates went to the forum from Moscow, from Khabarovsk and Magadan the shares of delegates amounted to 4% and 3% respectively.

“We see a significant increase in interest in the Eastern Economic Forum, which is explained by a change in the economic landscape and a change in priorities in the search for partners,” said Yulia Lipatova, Managing Director of Aeroclub.

Experts noted that in 2022, representatives of the mining, manufacturing and energy industries showed the greatest interest in participating in the forum – they accounted for 41% of all booked air tickets. More than a third of the delegates were representatives of financial and consulting companies, pharmaceutical companies accounted for 6% of bookings.

76% of business travelers chose Aeroflot flights, 16% of business travelers preferred S7 flights, and 8% of delegates went to IrAero. The business class lounge was chosen by 21% of delegates this year (18% in 2021, 19% in 2019). The average cost of air tickets in economy class amounted to 50 thousand rubles for a one-way flight (11% by 2021, 37% by 2019). Business class has risen in price by 31% compared to last year and amounted to 265 thousand rubles for a one-way ticket (59% by 2019). The most expensive ticket was purchased by an employee of a financial company. It cost 344,000 rubles for a flight in a business class cabin on an Aeroflot flight from Vladivostok to Moscow.

Demand for Vladivostok rooms during the Eastern Economic Forum increased by 17% compared to 2021 and almost a third compared to the “pre-pandemic” 2019. Delegates will spend 23% of their nights in five-star hotels, with four-star hotels accounting for 19% of bookings. 28% of the nights of business representatives are booked in three-star hotels, and a third of all forum delegates will live in accommodation facilities without a category. The average length of stay, as in previous years, was 3.5 nights.

The most expensive hotel booking in Vladivostok was the accommodation of an employee of a mining and processing company for three nights. For one night in a four-star hotel, the company paid 136 thousand rubles.

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