Template-type: ReDIF-Article 1.0
Author-Name: Daniil A. Sitkevich
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Author-Name: Sofia E. Kuek
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: Impact of Sanctions on the Dynamics of the Russian Tourist Market
Title: Влияние санкций на динамику российского туристического рынка
Abstract: The article analyzes the consequences of the sanctions imposed in 2022 for the Russian hospitality industry. Based on official statistics, we conclude that before the sanctions were imposed, the Russian tourism industry demonstrated growth, which accelerated during the post-pandemic recovery. Data from a series of semi-structured interviews with the representatives of the hospitality industry showed that apart from the positive effects (associated with the reduced availability of outbound tourism), there are also negative effects of the sanctions and the ongoing military conflict. Current evidence suggests that, at this point, the positive effects of the sanctions outweigh the negative ones. However, some regions have already experienced a decrease in tourist traffic due to transportation restrictions, and the decline in industry productivity associated with the sanctions poses long-term risks to the hospitality industry.
The article reflects the results of research carried out as part of the research work of the state task of the RANEPA.
Keywords: internal tourism, hospitality industry, sanctions, tourism product
Classification-JEL: R12, Z30, Z32
Journal: Russian Economic Developments
Year: 2023
Issue: 8
Month: August
Pages: 66-76
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2368.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2368