During the First Russian-Chinese Culture and Tourism Forum that took place earlier in St. Petersburg, culture ministers of Russia and China, Vladimir Medinsky and Cai Wu, signed an agreement on new cooperation programs for 2014-2016, reports the TRN correspondent.
According to the WTTC estimate, Russian business travel market is bound to grow from $6.5bn to $18.4bn by 2020, with the year-over-year growth of 6%. Global market is to spike from $820bn in 2010 to $1600bn in 2020 with the growth rate of 4.3% a year. However, on an ICCA (International Congress and Convention Association) Central European chapter meeting that took place in St. Petersburg experts deemed many Russian cities to have large potential in the MICE sector. Yet due to a number of reasons this large potential is largely wasted, and TRN magazine is here to discover why…
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