Analyzing the economic indicators of the tourism industry functioning and development in economic crisis in the Russian Federation

Abstract

The most important development criterion of any sector of the economy is the possibility to achieve a positive socio-economic effect associated with the implementation of the state program. In tourism, this is, first of all, the creation of new jobs, an increase in the volume of production of goods, operations, tourist services, and tax payments to budgets of all levels in the entities of the Russian Federation. In the context of a protracted economic crisis, the development of such a separate industry as tourism seems difficult, but the analysis of this area in terms of economic indicators helps to identify trends and patterns that allow predicting the industry development. Towards the end of the second quarter of 2014, the consequences of the state's foreign policy and the general economic instability in the world laid the foundation for the transition to a state of protracted (as it turned out later) crisis. Few industries have been able to overcome these negative changes. Perhaps, to a greater extent, the tourism industry in the Russian Federation has undergone global changes and reorganization. Reorientation to other segments of the tourist market, temporary holding of prices for Russian tourists by foreign and Russian tour operators could not prevent the severe consequences for the industry crisis. Until the end of the third quarter, due to early booking, the indicators remained stable, but by the end of the crisis year, the tourism industry showed an almost complete lack of independence and suffered huge losses. This article analyzes trends in tourism over the past 5 years and the role of the tourism industry in the country's economy. For clarity and convenience of comparison, the data of Federal State Statistics Service and Federal Agency for Tourism for 3 quarters of each studied year are presented. As a result, the authors propose a development forecast for the next years.