DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/436fb5/russia_tourism_rep) has announced the addition of the "Russia Tourism Report Q2 2011" report to their offering.
This report provides industry professionals and strategists, corporate analysts, tourism associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Russia's tourism industry.
Tourism Overview:
Following a sharp fall in foreign visitors to Russia in 2009 of 10% year-on-year (y-o-y), the most recent preliminary data for the period January-September 2010 show moderate recovery in visitor numbers of 2% y-o-y (after a marginal fall y-o-y in Q110). Key source markets outside the former Soviet Union, such as Finland, Poland, the US and the UK, all recorded growth in arrivals y-o-y.
Moscow Domodedovo Airport Terrorist Attack:
In January 2011, there was an apparent suicide bomb attack at Moscow Domodedovo Airport, killing 35 people and injuring 110. While it is too early to say if the bombing represents the start of a new phase in terrorist activity in Russia, BMI note that the targeting of the international arrivals hall is significant. Indeed, given recent efforts by the Kremlin to boost Russia's attractiveness to non-Russian investors, there is a chance that terrorist groups will increasingly attack international targets.
Forecast Scenario:
This quarter, BMI expect only a modest increase in foreign visitor arrivals to Russia in 2011 (about 1% y-o-y). Regarding the eurozone, an important source market, the revised economic growth forecasts are 1.6% and 1.9% in 2011 and 2012 respectively, following growth estimated at 1.8% in 2010. Recent gains by the Russian rouble against the euro-dollar basket that it is managed against are expected to continue over the medium term, constraining stronger growth in foreign tourism over the next few years.
Company Profiles:
- Aeroflot
- S7 Airlines
- Transaero
For more information on this report visit http://www.researchandmarkets.com/research/436fb5/russia_tourism_rep