Fifa 2018: out of the world, in tourism

Jul 9, 2018 10:29 am

Travel & Tourism revenues in Moscow are set to grow at an increasing pace of 6.6% per year in the years to 2026

 

 

Spending by international visitors to Russia is expected to grow by 7% this year, according to research by the World Travel & Tourism Council (WTTC).

Major research from WTTC highlights the economic impact of Travel & Tourism in Russia, including:

– Travel & Tourism supported 3.3 million jobs in 2017 (4.5% of total Russian employment)

– By 2028 over 3.8 million jobs in Russia are forecast to rely on Travel & Tourism

– The Travel & Tourism sector grew by 3.2% in 2017, compared to growth of 2.2% in the wider Russian economy

РTravel & Tourism generates 4.8% of Russia’s GDP, equivalent to US$76billion (RUB 4,435billon)

– Russia is the 16th largest travel economy in the world

– International tourism spend in Russia is expected to grow 7% in 2018.

Data produced by WTTC, in conjunction with Oxford Economics, has shown Travel & Tourism revenues in Moscow are set to grow at an increasing pace of 6.6% per year in the years to 2026, with tourism spending purely by foreigners set to rise by 9.6% per year on average over the next decade.

Russia has played host to an estimated one million fans attending matches in eleven cities across the country. Over a period of 4th June to 15th July 2018, data produced by ForwardKeys has shown +50.5% Y-o-Y increase of forward bookings for international arrivals in Russia.

Every year WTTC produces the definitive research into the economic impact of Travel & Tourism across 185 countries and 25 regions.

Source URL: http://eurasiatx.com/fifa-2018-world-tourism/