Home  Journals  Regional Economics: Theory and Practice  7(478) - 2020 July

The impact of business tourism clustering on the regional economy's development: A Greater Moscow case study

Received: 31 March 2020

Received in revised form: 20 April 2020

Accepted: 12 May 2020

Available online: 16 July 2020

Subject Heading: RECREATION AND TOURISM

JEL Classification: L8, Q26, R11

Pages: 1397–1414

https://doi.org/10.24891/re.18.7.1397

Subject. This article explores the issues of business tourism clustering in Greater Moscow.
Objectives. The article intends to justify the need to create a business tourism cluster in Greater Moscow to improve the investment climate in the region.
Methods. For the study, I used a multivariate analysis, forecasting, and extrapolation.
Results. The article shows a certain relationship between the efficient functioning of the business tourism cluster and the economy's development.
Conclusions and Relevance. Certain types of tourist clusters can serve as platforms for attracting investors and implementing marketing plans. The business tourism cluster is a link between buyers and sellers in various industries. The results of the study can be used to improve the effectiveness of the cluster initiative in business tourism, as well as find ways of cooperation between the State and private investors when creating the business tourism cluster in Greater Moscow.

Keywords: conference and business tourism, clustering, business travel cluster, New Moscow

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