Across the globe there are pockets of travel recovery and glimmers of hope as government restrictions lift and travelers venture out.
The economies of most countries have been severely impacted by the pandemic while their travel industries have suffered huge declines.
Russia is a case in point.
The country’s travel industry had been experiencing strong growth in the years running up to 2020 and online travel sales were steadily growing.
While all that was wiped away there is now some cautious cause for optimism with figures revealing growth again, particularly in domestic tourism and, it seems, investors are paying attention again.
Aviasales, the metasearch specialist, could be one company lighting the way with its announcement of a $43 million investment.
The funding for the Russia-based company has come from Elbrus Capital Funds and iTech Capital.
The plan is to use the funding for new products as well as to fuel growth in both domestic and…