Pandemic Contraction and Recovery of the Russian Tourism Industry in 2019-2021 against the Backdrop of Other G20 Countries
Pandemic Contraction and Recovery of the Russian Tourism Industry in 2019-2021 against the Backdrop of Other G20 Countries

Author(s): Lyudmila Bogachkova, Olga Oleynik, Arina Shevelyushkina
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Tourism; Contraction of the industry; Recovery of the industry; Pandemic; Russia; G20 Countries
Summary/Abstract: The paper highlights the significance of tourism sector support measures in modern Russian economic policy. Special attention is given to an aggregate indicator of tourism’s contribution to the economy. This indicator has been calculated taking into account the share of tourism in the country’s GDP; the share of tourism in the total number of jobs; the share of tourism in total export revenues. The research is based on the data of the World Travel and Tourism Council. The effects of the pandemic and the subsequent recovery of the industry have been described using the 2019 indices of the composite indicator. It has been revealed that Russia ranks second to last among the G20 countries in terms of the aggregate contribution of tourism to the economy. At the same time, Russian tourism was characterized by a relatively small contraction in 2020 and a low recovery rate in 2021, which indicates the need to make regulation measures more effective.

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