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ИД «Финансы и кредит»






National Interests: Priorities and Security

The relationship between the tourism and stock markets as a factor of economic growth of Russia

Vol. 18, Iss. 3, MARCH 2022

Received: 27 December 2021

Received in revised form: 25 January 2022

Accepted: 20 February 2022

Available online: 15 March 2022


JEL Classification: F00, L83, P48, Q26

Pages: 426–445


Vladimir Yu. VOSKRESENSKII Institute of Economics and Management in Industry, Moscow, Russian Federation

ORCID id: not available

Subject. This article discusses the investment climate in Russia.
Objectives. The article aims to analyze the investment potential of domestic and inbound tourism and the prospects for Russian travel companies' going public.
Methods. For the study, I used analysis and synthesis, scientific abstraction, and the economic and geographical aspect.
Results. The study shows that domestic and inbound tourism should become a factor in the economic growth of the Russian Federation. The development of tourism in Russia is constrained by a number of circumstances, one of which is the insufficient volume of direct investment.
Conclusions. To activate domestic and inbound tourism, it is advisable to create a large partially government-owned public joint-stock company. In this case, the contribution of the tourism industry to economic growth of Russia will become significant.

Keywords: tourism and hospitality industry, tourism market, joint-stock company, direct investments, portfolio investments


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