Russian Railways Tour

Russian Railways Tour LLC is a specialized tourist operator and railway carrier that is part of the structure of the Russian Railways holding.

Performance indicators

2022: Net profit growth by 405 times, up to 48 million rubles

The net profit of Russian Railways Tour in 2022 reached 48 million rubles, which is 405 times more than the profit a year ago (118 thousand rubles). The company's revenue also increased - by 77%, to 944 million rubles. Such data are given in the reports of the Russian Railways tour operator, which was published in May 2023.

The press service of Russian Railways Tour linked such indicators with the lifting of restrictions imposed due to the coronavirus COVID-19, the redistribution of passenger traffic within the country, as well as "a general constant increase in tourist interest in rail travel." The company added that after the cancellation of the measures in force due to COVID-19, more than 15 thousand people took part in railway travel developed by Russian Railways Tour in 2022. This is 60% more than in 2021.

Ilya Zotov, chairman of the All-Russian Association of Passengers, linked the rise in revenue and profit of Russian Railways Tour with the "low base" of 2021, when the company had just begun to open the first routes focusing on domestic tourism. In addition, in 2022, immediately after the start of Russia's special operation in Ukraine, the European Union completely closed the sky for Russian aircraft, recalls Zotov. Other countries, including the United States, Switzerland and Norway, joined this decision. Since the beginning of the special operation, 11 airports in southern Russia have been closed for civilian flights. At the same time, the cost of air tickets for the remaining directions for Russians is quite high, the expert points out.

According to Ilya Umansky, president of the Russian Union of Tourism Industry, competition between aviation and railway modes of transport has intensified against the backdrop of Western sanctions.^[1]

Notes