Moscow-based online air travel booking startup OneTwoTrip announced this morning that it has raised $9 million in funding from Phenomen Ventures fund in exchange for a minority stake. The site offers Russian?travellers?a way to book their flights online, providing price?comparisons?and choice of airline. OneTwoTrip has already managed to gain considerable traction in Russia, launching first in beta back in May 2011 and then graduating to a full release in September of last year, and growing to average daily ticket sales of 3,500, with projected bookings in the $400 million range (of which OneTwoTrip sees a 6-7 percent cut) by the end of the year. OneTwoTrip has succeeded in part because they launched with a solid product, with a website that definitely offers a more contemporary feel when compared to its competitors. The timing is also a big factor in its success, however, as online tourism in Russia is a fast-growing market ? Phenomen Ventures' partner Dmitry Falkovich, who also joins the OneTwoTrip board as part of the deal, said in a press release that Russia's online tourism is growing at a rate of roughly 70 percent per year, and scattered reports from various destinations including Bulgaria, Greece and Abu Dhabi put incoming the number of incoming Russian tourists on a rapid rise, sometimes up by as much as 128 percent this year over last.Source: http://feedproxy.google.com/~r/Techcrunch/~3/LubNfrWWuGE/
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