Travel & Tourism in Russia
SummaryTravel & Tourism in Russia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The travel & tourism industry consists of revenues generated by passenger airlines, passenger rail, hotels & motels, foodservice, travel intermediaries, and casinos & gaming.
- The Russian travel & tourism industry had total revenues of $38 billion in 2022, representing a negative compound annual growth rate (CAGR) of 9% between 2017 and 2022.
- The hotels & motels segment accounted for the industry's largest proportion in 2022, with total revenues of $18.6 billion, equivalent to 49% of the industry's overall value.
- The Russian economy experienced one of the biggest declines in 2022 due to the impact of the war with Ukraine. Hence, to overcome its impact on the travel & tourism industry, the Russian government extended visa-free travel, issued orders to increase the number of flights, and renewed the e-visa program for several countries.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Russia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Russia
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Russia travel & tourism market with five year forecasts
Reasons To Buy
- What was the size of the Russia travel & tourism market by value in 2022?
- What will be the size of the Russia travel & tourism market in 2027?
- What factors are affecting the strength of competition in the Russia travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Russia's travel & tourism market?
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