Russian companies began to send employees on business trips to Europe more often and Asia less often.

In 2024, Russian companies began to send their employees on business trips to Europe more often and reduced the number of business trips to Asia.

According to the data published by Kommersant, the share of Asian countries in the structure of foreign business flights in January-June decreased year-on-year from 86% to 80%. At the same time, the share of Europe increased from 13% to 17%. The number of business trips to Africa also increased - from 1% to 2.1%, and the remaining 0.9% accounted for America.

According to Aeroclub, most often in the first half of 2024, employees of companies in the mining and manufacturing industries, energy, IT and telecom market participants, as well as employees of FMCG companies were sent on business trips abroad.

The increase in the share of business trips to Europe may be associated with trips to countries popular with Russian relocators such as Serbia, as well as an increase in the number of cases when the personal participation of business representatives is required, says Mikhail Burmistrov, CEO of Infoline-Analytics. "With the tightening of sanctions, more and more bureaucratic issues that could previously be resolved remotely require personal presence."

The growth in the number of business trips to Europe can be considered a slight recovery, but there will be no return to the pre-crisis structure of demand, since European markets are largely lost to russian companies.

Source

@freerussia_report