Tourism Source Market Insight - Russia (2021)

Tourism Source Market Insight - Russia (2021)

Summary

GlobalData’s Tourism Source Market Insight - Russia (2021) report provides a thorough insight into Russia's domestic and outbound tourism market. The report looks at the profiles of Russian tourists and summarizes the key reasons that they travel. The report offers an in-depth analysis of traveler flows, spending patterns, main destination markets and current and future opportunities for tourism businesses seeking to tap into the Russian outbound travel market.

Key Highlights

• Domestic tourism declined by -68.3% YoY in 2020 and international departures by -73.8%.
• Domestic is forecast to recover sooner than international. Destinations worldwide have suffered economic decline due to the COVID-19 pandemic in 2020 and Russia is no different.
• Budget constraints are likely to be a greater priority in future travel.
• The greatest threats facing the Russian outbound source markets relates to the impact of the COVID-19 pandemic and rising geopolitical tensions with the Western world.

Scope

• This report is part of GlobalData's Source Market Insights Series. This report provides an in-depth analysis of traveler flows, spending patterns, main destination markets, as well as current and future opportunities for tourism businesses seeking to tap into the Russian outbound travel market.

Reasons to Buy

• This report provides clear insight into developments in Russia's regional and outbound tourism markets.
• The report uses data and analysis to discuss future trends related to domestic trips, international departures, traveler spending, and main destination markets.
• The report explores the different profiles of Spanish tourists and the reasons that they travel, hence providing an insight into the trends in different segments of the market. The reader gains a strong understanding of the opportunities in the country, as well as the risks, to support better business decisions.
• This report examines the impact of COVID-19 on Russian outbound and domestic tourism