Hospitality market in the Russian Federation: Present and trends

The global socio-political and economic situation directly affects the tourism industry — the structure of tourist traffic is changing, new players are acquiring leading positions in the tourism market, a number of regions and countries are reorienting their economic activity to tourism, putting it in priority, other types and formats of travel are emerging. Over the past three years, the configuration of the tourism and hospitality market in Russia has faced significant changes, which is due to the transformation of international economic and political relations. Based on the analytical processing of quantitative information describing the macro level, key obstacles to the growth of the hotel industry have been identified, and current directions for its promotion have been determined. The aim of the work is to study the functioning and evolution of the Russian hotel market taking into account the development trends of the global hospitality market. Materials and methods: The study is based on independent research by the authors, as well as on information provided by the State Statistical Service of Russia and the UN World Tourism Organization. The work involved methods of statistical assessment, observation, data accumulation, and comparison techniques to detect similar and different characteristics in several systems. Results: Based on the results of the work performed, several conclusions were formed. The impact of economic restrictions, attempts to isolate Russia in the international arena neutralize the positive result of the expansion of Russian tourism products in the global market. The key trend concerning the state of the hospitality industry in 2024 in Russia is the increasing demand for high‑cost products. The importance of quality characteristics of travel has increased. The state and development of the hospitality industry in Russia are determined by the quality characteristics of the technical base, ease of access to it, its reliability and security. Achieving these infrastructure parameters is impossible without permanent efforts from the authorities. Scope of application of results: The results obtained in the work can be used to implement practical tasks of state institutions in the regions involved in supporting the hospitality industry.