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Russia Tourism Report Q3 2016

  • June 2016
  • -
  • Business Monitor International
  • -
  • 31 pages

Includes 3 FREE quarterly updates

BMI View: Russia's tourism industry is facing numerous challenges. A weak domestic economy, hamperedby international sanctions and rising inflation is dampening demand for internal travel while internationalarrivals are being impacted by poor regional political relations. This is affecting tourism relatedexpenditure and industry values and creating a highly uncertain investment environment for both domesticand global hotel groups. The medium-term outlook is, however, relatively positive, as the country's hostingof major sporting events will attract more visitors and positive media coverage and the improvement oftransport and accommodation infrastructure will make growth more sustainable moving forward.

Key Updates And Forecasts:

- Russia is increasingly turning to major Asia Pacific markets to boost the inbound travel sector (as arrivalsfrom Europe are fragile) and the official tourism agency reported in May 2016 that group bookings fromChina had increased by a substantial 47.0% between January and April this year.

- Building on this success, Russia is reportedly considering introducing visa free travel for tour groupsfrom India, Iran and Vietnam (on top of the existing arrangement with China) which could boost arrivalsfrom these countries by as much as 50.0%. There is also draft legislation in place to introduce electronicvisas for travellers from Europe and the USA.

- At present we are forecasting a 7.4% increase in total international arrivals to Russia in 2016, to 31.49mn.The largest regional source market will remain Europe (accounting from some 28.2mn arrivals) thoughwe note there is some downside risk to these forecasts in light of regional political tensions and securityconcerns.

Table Of Contents

Russia Tourism Report Q3 2016
BMI Industry View 5
Table: Key Forecasts (Russia 2013-2020) 5
SWOT 7
Tourism 7
Industry Forecast 9
Table: Inbound Tourism (Russia 2013-2020) 13
Table: Tourism Receipts (Russia 2013-2020) 15
Table: Hotel Accommodation (Russia 2013-2020) 17
Table: Tourist Departures and Consumption (Russia 2013-2020) 18
Industry Risk/Reward Index 19
Tourism Risk/Reward Index 19
Table: Central and Eastern Europe Tourism Risk/Reward Index 19
Rewards 20
Risks 20
Market Overview 22
Competitive Landscape 26
Domestic Hotel Groups 26
Table: Domestic Hotel Groups 26
International Hotel Groups 27
Table: International Hotel Groups 27
Methodology 28
Industry Forecast Methodology 28
Risk/Reward Index Methodology 29
Table: Weighting Of Indicators 31

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