Review of business tourism market development in the Russian Federation

• Main Author: O. V. Shpyrnya
• Format: Article
• Language: Russian
• Published: Southern Institute of Management 2020-01-01
• Series: Научный вестник Южного института менеджмента
• Subjects: banking system; commercial banks; intellectual capital
• Online Access: https://www.uimjournal.com/jour/article/view/440

This article provides a detailed analysis of the development of the business tourism industry as the fastest growing economy in the world. Currently, about 65% of events with the participation of entrepreneurs are held in Europe, approximately 22% – in Asia. The share of Asian countries in this business is expected to grow at a faster pace. The business tourism sector will grow accordingly. The article considers the competitive advantages of the Russian Federation as a center for the development of the international business tourism industry. It is noted that traditionally the most popular venue for events is Moscow, where the infrastructure for business tourism is most developed. Business trips to St. Petersburg are in demand. High business activity are distinguished by Samara and Yekaterinburg, the Volga region, primarily Kazan.In the course of the analysis, it was revealed that 165 cities of the Russian Federation have the ability to hold major events, congresses and conferences. Modern congress venues are now actively developing in Kazan, Yekaterinburg, Krasnoyarsk, Novosibirsk. It was noted that according to official estimates, Russia’s share in the world market of international congress events is less than 1%. This is very small, given that we occupy a share of approximately 3% in world trade. As a result, it was concluded that the presence of the Russian Federation in the international business tourism market is insufficient, as well as the need for certain decisions in this area.