Travel and Tourism Market in Russia to 2018: Industry Research, Analysis and Forecast Report by Researchmoz

on Monday, 8 December 2014 include new market research report " Travel and Tourism Market in Russia to 2018: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

The travel and tourism sector in Russia is still in the initial stages of development, especially for leisure purposes. Due to the high cost of tours in the country, many Russians prefer outbound trips over domestic tours. This is also a key reason behind the small size of the inbound tourism market with a total of 29.4 million trips in 2013. Both inbound and outbound tourism are largely dependent on neighboring countries such as Ukraine and Kazakhstan. As these countries are well connected to Russia through roads, land is the preferred mode of transport for tourists.

Aeroflot, Russia's largest airline, introduced its low-cost subsidiary, Dobrolyot, in June 2014. Dobrolyot, the only domestic low-cost carrier in Russia, initially introduced four daily flights from Moscow to only one destination, Simferopol city in Crimean Peninsula. Subsequently, it launched flights to Samara and St. Petersburg in August 2014 and will gradually expand its operations to other parts of country. The budget carrier plans to launch international flights, particularly to the Commonwealth of Independent States (CIS) and Europe, by 2016. As of June 2014, Dobrolyot's fleet consisted of only two Boeing 737 aircraft, which it plans to increase to eight by the end of 2014, and to 40 in 2018, consequently enabling it to fly on 45 routes and carry 10 million passengers annually.

Branded international hotels such as Accor announced plans to expand their presence significantly in Russia over the forecast period. As of 2013, these brands operated 103 hotels with total room stock of 25,000. Apart from strong economic growth, hosting the 2014 Winter Olympic Games supported the rise in demand for accommodation and the consequent increase in expansion of hotels. By the end of 2017, 151 new hotels will be constructed with 30,722 rooms. The hosting of the 2018 FIFA World Cup will be a major reason supporting this growth. Consequently, if all the announced hotels open by 2017, Russia will have a total of 254 hotels operated by international brands offering a total of 55,722 rooms. However, many of these announced hotel projects are likely to be put on hold due to the collapse of inbound tourism in the wake of the war with Ukraine.

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  • Make strategic business decisions using historic and forecast market data related to the Russian Travel and Tourism sector
  • Understand the demand-side dynamics within the Russian Travel and Tourism sector, along with key market trends and growth opportunities

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