Vladimir V. Kovalenko, Lidiya A. Davydova Tourism Industry of Russia During the Crisis of 2022

DOI: 10.38050/2078-3809-2023-15-2-47-57

Abstract

Until March 2020, one of the developing sectors of the national economy of Russia was the tourism industry. The covid-19 pandemic, measures to protect the population from this virus, and Western sanctions have led Russia's tourism to a deep crisis. The purpose of the article is to substantiate the unfavorable conditions for the functioning of the tourism industry in Russia due to the COVID-19 pandemic and Western sanctions. The task of the work is to consider and show ways out of the difficult conditions created by Russian tourism, paying attention to the development of domestic tourism, support for outbound and inbound tourism. The prevailing unfavorable conditions gave a strong impetus to the development of domestic tourism. To do this, the Russian Government is taking certain measures to develop domestic tourism, such as cashback, the law on zeroing the VAT rate for hotels, which makes tourists' accommodation in them more affordable. The Government of the Russian Federation adopts the State Program "Tourism Development" and the National Project "Tourism and the Hospitality Industry.

Keywords: domestic, outbound, inbound tourism, COVID-19 pandemic, sanctions, measures to overcome the crisis in the tourism industry, tourist cashback.

JEL: L83, Z30, Z32.

For citation: Kovalenko, V.V., Davydova, L.A. (2023) Tourism Industry of Russia During the Crisis of 2022. Scientific Research of Faculty of Economics. Electronic Journal, vol. 15, no. 2, pp. 47-57. DOI: 10.38050/2078-3809-2023-15-2-47-57

Download