Boosting Domestic Demand as a Driving Force of Economic Growth (on the Example of Domestic Tourism Sphere)

On the Influence of Population Income and Foreign Exchange Rate on the Development of a Tourism-Recreational Country’s and Region’s Facilities

“…Recently, Russian scientific literature has also begun to pay attention to the demand for tourism services and its impact on economic growth (Lukin E.V., Leonidova E.G., Sidorov M.A. [21] and others), and the impact of the exchange rate on inbound and outbound tourism [22]. However, such works are still few, and most of them affect one of the factors influencing tourist flows.…”

The Impact of State Support Measures on the Sphere of Recreation and Tourism of the Region

“…Therefore, the strong negative correlation of data for the same year must have other reasons. 3 According to the author, one of the most probable reasons for a strong negative correlation of the rate of change in TFP and TF in one year may be targeted actions of interested regulatory bodies to stabilize the current situation in the market of recreational and tourist services in the Krasnodar krai (which, according to the author [1], is not less than 20-25% of the regional economy). Such regulation can be expressed in an increase or decrease in the volume of financial support provided and the volume of investment in the current year as operational data on the demand for services in the field of recreation and tourism becomes available (data on hotel occupancy, the number of sold vouchers and tour packages, the number of passengers arriving in edge by air and rail, etc.).…”

“…The activity of the regional sphere of recreation and tourism can be assessed by various criteria; however, it is the value of TF that can be considered the main generalizing indicator reflecting the state of this sector of the economy. The value of TF directly affects the formation of a regional tourist product [1] and indirectly on the state of the regional economy as a whole (due to various multiplier effects [2,3]).…”