According to the government agency Rostourism, Russians travelled abroad 47.8 million times in 2012, including 15 million times for touristic purposes, with Egypt and Turkey being the most popular destinations. The average price for package tours reached $1,800-$2,000. But competition is fierce. Not only does OnlineTours compete with offline travel agencies, which are ubiquitous in Russia, but online tour offers have also developed dramatically over the past few years. Among OnlineTours’ online competitors is, a startup launched in 2011 that received capital injections of $5 million last year and $7 millon earlier this month. Last month, in another segment,, a major online hotel reservation service, secured $12 millionfrom Russian investors, coming in addition to the $38 million it had raised in previous years. Get the full story at VentureBeat