New Consumer Goods research report from Business Monitor International is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 06/27/2014 -- BMI's report for the Russian tourism market looks at the opportunities and risks presented by this increasingly popular destination. While increases are expected in terms of inbound and outbound travel, transport infrastructure capacity remains a concern, and sustainable investment is key to the long-term health of this expanding tourism destination. Tourism is likely to remain a key focus for the Russian government and will benefit from an announced RUB4.4bn investment in 2014.
Tourism to Russia has been increasing steadily in recent years, with the country becoming more accessible to visitors from a range of source markets. Economic recovery in Europe following the global credit crunch has been key, as inbound travel is currently dominated by countries in Europe and any return to economic decline could impact on the Russian tourism market. Thanks to increasing economic stability in Europe, and to thriving economies in the Asia Pacific region, we expect Russia's inbound travel figure to increase from 34.7mn in 2014 to 47.7mn in 2014, representing annual growth of around 9%. This is clearly an enormous potential market for the Russian tourism industry to capitalise on.
View Full Report Details and Table of Contents
Outbound travel looks even more impressive than inbound travel, with the number of outbound travellers expected to reach an even more substantial figure of over 56.4mn in 2018. The majority of outbound travel from Russia is to destinations in Europe, however we may see more pronounced growth in terms of departures to countries within the Asia Pacific region thanks to improved travel connections and their relatively affordability compared to more expensive European destinations.
The Russian tourism market would benefit from substantial improvements in transport infrastructure. While the country has many international airports and an extensive rail network, many rural areas are poorly connected and the network as a whole would benefit from expansion and modernisation. The government's intended...
The Russia Tourism Report has been researched at source and features Business Monitor International (BMI)'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.
- 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
This contains a synopsis of our forecasts, and any changes, together with an overview of key trends and developments in the tourism industry, and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects, new hotel developments, and acquisitions.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the tourism sector and within the broader political, economic and business environment.
BMI Industry Forecast Scenario
Forecasts to end-2018 for all key indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:
Inbound tourism: Arrivals (?000), arrivals growth (% y-o-y), arrivals by region, growth (% y-o-y), arrivals by country, growth (% y-o-y), top 10 countries based on arrivals, growth (% y-o-y).
Outbound tourism: Departures (?000), growth (% y-o-y), departures by regional destination (?000 and growth % y-o-y).
Travel: Methods of travel for arrivals (Air, Ship, Rail), (?000) and (% growth y-o-y), international Tourism receipts for transport (US$bn), (growth % y-o-y), international Tourism receipts for travel items (US$bn), (growth % y-o-y).
Hotels: Hotel industry value (US$bn), (growth % y-o-y), (%GDP), (per capita), (per employee), number of hotels and like establishments (?000), (growth % y-o-y), total overnight stays, (?000), (growth % y-o-y), length of stay, occupancy rate (%), number of hotel rooms, (?000), (growth % y-o-y).
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 http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Consumer Goods research reports at Fast Market Research
You may also be interested in these related reports:
- United States Tourism Report Q3 2014
- Oman Tourism Report Q3 2014
- Kenya Tourism Report Q3 2014
- Costa Rica Tourism Report Q3 2014
- Brazil Tourism Report Q3 2014
- Hungary Tourism Report Q3 2014
- Thailand Tourism Report Q3 2014
- Hong Kong Tourism Report Q3 2014
- Vietnam Tourism Report Q3 2014
- Romania Tourism Report Q3 2014