"Russia Tourism Report Q2 2016" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Tue Apr 05 2016

We are currently forecasting a tentative return to growth in Russia's tourism industry in 2016. Arrivals are expected to recover well from a slump in 2015 as the weaker rouble attracts more visitors from Europe and, increasingly, Asia Pacific markets. Despite this growth, however, challenges remain including the subdued economic picture, where falling oil revenues, weak investment growth and a decline in real incomes will impact not only upon public investment in necessary transport and accommodation improvements but also upon the large domestic travel market. The outlook brightens however, in light of Russia's hosting of major sporting events and ongoing improvements in accessibility and connectivity, though we note that this growth is to some extent dependent upon an improvement in regional relations.

Full Report Details at
- http://www.fastmr.com/prod/1130983_russia_tourism_report_q2_2016.aspx?afid=301

Key Updates And F orecasts:

Russia's international arrivals market is expected to return to growth in 2016, with the number of visitors forecast to increase by 7.4% to around 31.5mn, compensating for a sharp drop in arrivals in 2015. The bulk of arrivals continue to arrive from Russia's European neighbours while arrivals from Asia to the east are also a key growing market.

While arrivals are growing, the outlook for tourism related expenditure is subdued, with declines expected following the weakening of the rouble and the impact of widespread economic sanctions on Russia.

International flight connections are still expanding, despite the downturn in travel in 2015. At Pulkovo International Airport (St Petersburg), 10 additional new airlines launched flights in 2015 and 11 domestic and 8 international destinations were added to the roster. Passenger numbers were down by 5.4% in 2015 (to 13.5mn) however figures are expected to recover over 2016.

The Russia Tourism Report has been researched at source and features BMI Research's independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Russia Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Russian tourism industry.

Key Benefits
Benchmark BMI's independent tourism industry forecasts for Russia to test other views - a key input for successful budgetary and planning in the Russian tourism market.
Target business opportunities and risks in the Russian tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Russia.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).


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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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