Russians spend less in the U.K. due to turmoil

Hotels and shops in the UK saw income from Russian tourists fall 17% in February compared to the year before with visitor numbers falling as the situation in Ukraine unravelled.  This is only partly due to the political crisis, the rest being attributed to an overall slow-down of the Russian economy and an ebb in purchasing power. With direct air  traffic between Russia and the U.A.E set to double by the end of 2014, Russians are likely to pursue shopping in Dubai, the favorite shopping destination abroad.

Louis Vuitton Maison Flagship store London