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Russia Tourism Report Q2 2016

Russia Tourism Report Q2 2016

BMI View: We are currently forecasting a tentative return to growth in Russia's tourism industry in 2016.

Arrivals are expected to recover well from a slump in 2015 as the weaker rouble attracts more visitors fromEurope and, increasingly, Asia Pacific markets. Despite this growth, however, challenges remain includingthe subdued economic picture, where falling oil revenues, weak investment growth and a decline in realincomes will impact not only upon public investment in necessary transport and accommodationimprovements but also upon the large domestic travel market. The outlook brightens however, in light ofRussia's hosting of major sporting events and ongoing improvements in accessibility and connectivity,though we note that this growth is to some extent dependent upon an improvement in regional relations.

Key Updates And Forecasts:

Russia's international arrivals market is expected to return to growth in 2016, with the number of visitorsforecast to increase by 7.4% to around 31.5mn, compensating for a sharp drop in arrivals in 2015. Thebulk of arrivals continue to arrive from Russia's European neighbours while arrivals from Asia to the eastare also a key growing market.

While arrivals are growing, the outlook for tourism related expenditure is subdued, with declinesexpected following the weakening of the rouble and the impact of widespread economic sanctions onRussia.

International flight connections are still expanding, despite the downturn in travel in 2015. At PulkovoInternational Airport (St Petersburg), 10 additional new airlines launched flights in 2015 and 11 domesticand 8 international destinations were added to the roster. Passenger numbers were down by 5.4% in 2015(to 13.5mn) however figures are expected to recover over 2016.

BMI Industry View
Table: Key Forecasts (Russia 2013-2020)
Industry Forecast
Table: Inbound Tourism (Russia 2013-2020)
Table: Tourism Receipts (Russia 2013-2020)
Table: Hotel Accommodation (Russia 2013-2020)
Table: Tourist Departures and Consumption (Russia 2013-2020)
Industry Risk/Reward Index
Tourism Risk/Reward Index
Table: Central and Eastern Europe Tourism Risk/Reward Index
Market Overview
Competitive Landscape
Domestic Hotel Groups
Table: Domestic Hotel Groups
International Hotel Groups
Table: International Hotel Groups
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Weighting Of Indicators

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