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Analysis of Tourists’ Expenditures at the 2014 Sochi Olympic Games

Author

Listed:
  • Alexandr Vetitnev

    (Faculty of Tourism, Service and Sport, Sochi State University, Sochi, Russia)

  • Nadezhda Bobina

    (Faculty of Economics, Sochi State University, Sochi, Russia)

  • Olga Zelenskaya

    (Faculty of Tourism, Service and Sport, Sochi State University, Sochi, Russia)

Abstract

The aim of the this study is to determine the Russian tourists’ expenditures during the 2014 Sochi Olympic Games, comparing these with tourists’ expenditures 2 years before and examine their affecting factors. The analysis showed that Olympic tourists’ expenditures were significantly higher than spending of other leisure travellers and amounted approximately US$ 2,000 per a trip. It was also found that the expenditures’ structure of Olympic tourists differed from other tourists due to the additional spending on the Olympic events and a higher cost of accommodation. The level of Olympic tourists’ expenditures was influenced by many socio-demographic and travel-related factors such as family income, occupation, type of accommodation, purpose of the trip

Suggested Citation

  • Alexandr Vetitnev & Nadezhda Bobina & Olga Zelenskaya, 2016. "Analysis of Tourists’ Expenditures at the 2014 Sochi Olympic Games," International Review of Management and Marketing, Econjournals, vol. 6(2), pages 227-232.
    • Handle: RePEc:eco:journ3:2016-02-07
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    References listed on IDEAS

    as
    1. Brida, Juan Gabriel & Scuderi, Raffaele, 2012. "Determinants of tourist expenditure: a review of microeconometric models," MPRA Paper 38468, University Library of Munich, Germany.
    2. Joaquín Alegre & Llorenç Pou, 2004. "Micro-Economic Determinants of the Probability of Tourism Consumption," Tourism Economics, , vol. 10(2), pages 125-144, June.
    3. Joaquín Alegre & Magdalena Cladera, 2010. "Tourist Expenditure and Quality: Why Repeat Tourists Can Spend Less than First-Timers," Tourism Economics, , vol. 16(3), pages 517-533, September.
    4. Chang, Kuo-Liang & Chen, Chiang-Ming & Meyer, Timothy J., 2013. "A comparison study of travel expenditure and consumption choices between first-time and repeat visitors," Tourism Management, Elsevier, vol. 35(C), pages 275-277.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Tourists’ Expenditures; Olympic Tourism; 2014 Sochi Olympic Games;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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