Published on : Monday, January 9, 2017
Following a long and turbulent previous year in the travel industry, Russia is looking towards 2017 with a hope for better tomorrow. In 2016, international travel expenses decreased by 24% and domestic tourism spending increased by a staggering 88%. Russians spent $ 3.23 billion for the trips abroad and for domestic trips, the number was $ 10.47 billion. The total economic performance of the tourism industry was favorable. Tourism was one of the three sectors exhibiting positive prospects, and had an important role in the stabilization of the ruble and exchange rate.
Many countries in 2016 reported increase in the number of Russian tourists, like Greece, Spain, Thailand, Vietnam, Italy, Bulgaria, Turkey, Cyprus etc. Experts predict that in this year, tourism spending and tourism inflow into Russia may rise by 10% compared to last year. However, the demand for outbound travel is possible to decline since Russian travelers currently prefer budget destinations. To quote the executive director of the Association of Russian Tour Operators, Maya Lomidze, “Next year should be crucial for the use of international sports events, such as the Confederations Cup or the World Cup 2018.
While no one can predict how many tourists will come to Russia for the World Cup, it is estimated that 1 million people should come. These would bring an additional $ 1 billion to the revenue.”