Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Weak rouble keeps Russians at home

Wednesday, January 13, 2016 - 01:11

Russia's tourism is getting a boost because Russians are holidaying at home. As Hayley Platt reports, foreign destinations have become less accessible because of the weak rouble and cancellations of tours to Egypt and Turkey.

▲ Hide Transcript

View Transcript

It's best known for hosting the 2014 Winter Olympics . And the resort of Sochi is bustling again thanks to Russians holidaying at home. Many can't afford to go abroad because of the collapse of the currency, following falling oil prices. (SOUNDBITE) (Russian) TOURIST FROM ANAPA, ANNA KALGANOVA, SAYING: "We are here with our whole family. We can only afford to eat soup and there is also the cost of the ski lift to pay for too." Energy makes up around half of Russia's budget revenues And 40 percent of its exports. President Putin - in Sochi earlier this week - accepted it was a problem (SOUNDBITE) (Russian) RUSSIAN PRESIDENT VLADIMIR PUTIN, SAYING: "What harms our economy the most in the current situation is the falling prices of our traditional export items." Security issues are also keeping Russians at home. First Egypt became a no go hot spot - after the crash of an airliner carrying Russian tourists. Then Turkey - after the downing of a Russian military jet. It all means 40 percent fewer Russians are expected to travel abroad this year. Some don't seem to mind though - even if the weather isn't quite as hot as it is in those foreign destinations.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Weak rouble keeps Russians at home

Wednesday, January 13, 2016 - 01:11