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Impact of Sanctions on the Dynamics of the Russian Tourist Market
[Влияние Санкций На Динамику Российского Туристического Рынка]

Author

Listed:
  • Daniil A. Sitkevich

    (Russian Presidential Academy of National Economy and Public Administration)

  • Sofia E. Kuek

    (Gaidar Institute for Economic Policy)

Abstract

The article analyzes the consequences of the sanctions imposed in 2022 for the Russian hospitality industry. Based on official statistics, we conclude that before the sanctions were imposed, the Russian tourism industry demonstrated growth, which accelerated during the post-pandemic recovery. Data from a series of semi-structured interviews with the representatives of the hospitality industry showed that apart from the positive effects (associated with the reduced availability of outbound tourism), there are also negative effects of the sanctions and the ongoing military conflict. Current evidence suggests that, at this point, the positive effects of the sanctions outweigh the negative ones. However, some regions have already experienced a decrease in tourist traffic due to transportation restrictions, and the decline in industry productivity associated with the sanctions poses long-term risks to the hospitality industry. The article reflects the results of research carried out as part of the research work of the state task of the RANEPA.

Suggested Citation

  • Daniil A. Sitkevich & Sofia E. Kuek, 2023. "Impact of Sanctions on the Dynamics of the Russian Tourist Market [Влияние Санкций На Динамику Российского Туристического Рынка]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 8, pages 66-76, August.
    • Handle: RePEc:gai:recdev:r2368
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    References listed on IDEAS

    as
    1. Daniil A. Sitkevich, 2023. "Mechanisms for industrial coordination of “new” tourism regions: The case of Dagestan," Upravlenets, Ural State University of Economics, vol. 14(2), pages 76-89, May.
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    1. Daniil A. Sitkevich & Sofia E. Kuek, 2023. "Влияние Санкций На Динамику Российского Туристического Рынка," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 8, pages 66-76, August.

    More about this item

    Keywords

    internal tourism; hospitality industry; sanctions; tourism product;
    All these keywords.

    JEL classification:

    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • Z30 - Other Special Topics - - Tourism Economics - - - General
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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