Newly released market study: Russia Tourism Report Q3 2016

From: Fast Market Research, Inc.
Published: Mon Jun 20 2016

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

Full Report Details at

Key Updates And Forecasts:

Russia is increasingly turning to major Asia Pacific markets to boost the inbound travel sector (as arrivals from Europe are fragile) and the official tourism agency reported in May 2016 that group bookings from China 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 groups from India, Iran and Vietnam (on top of the existing arrangement with China) which could boost arrivals from these countries by as much as 50.0%. There is also draft legislation in place to introduce electronic visas 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) though we note there is some downside risk to these forecasts in light of regional political tensions and security concerns.

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).


BMI Industry View

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Australia Tourism Report Q3 2016
- Hungary Tourism Report Q3 2016
- Costa Rica Tourism Report Q3 2016
- Greece Tourism Report Q3 2016
- Japan Tourism Report Q3 2016

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

Visit website »