Abstract

At the present time the analysis of tourist destinations in Russia within the framework of sustainable tourism is becoming increasingly important. And it is predetermined not only by the recognition of the credibility and usefulness of the sustainable tourism concept, but also by the raising awareness of broad medium- and longterm effects and externalities, as well as all interdisciplinary aspects of the tourism industry development in Russia and in its regions which need to be thoroughly studied for both academic and practical reasons. This article aspires to uncover a number of fundamental economic aspects of sustainable tourism in the context of regional destinations. The selection of a regional perspective is dictated by the fact that at this level are formed many of the most important prerequisites for sustainable long-term development of the tourist complex, specifically in terms of economically rational decision-making processes on the part of regional and local authorities and businesses. A major objective of the paper is to focus at least on the partial spectrum of the economic factors that must be borne in mind in the process of developing a strategic plan for sustainable development of a regional tourism destination in Russia. A broader economic interpretation of sustainable tourism, advocated in this study, goes beyond the relatively narrow scope of environmental and socio-economic impacts of tourism development; and it is relating to some less obvious economic aspects of destination development, but which are nevertheless directly related to the issues of sustainable development and are influential factors within this perspective. The two central blocks of economic factors of sustainable tourism development are structured, with description of their importance and main topics, specification of challenges and threats to regional destinations’ economic development. Some examples from Russian and world practices of preventing and addressing individual problems are analyzed. The first block includes the components of investment, funding, fiscal and budgetary nature. The second block consists of the aspects of the tourism industry’s organizational and structural features, the factors of production employed and interactions with other industries of the region and the outside world. And the analysis of economic issues of regional destinations’ sustainable development in the second section goes beyond the cluster approach, which is the predominant focus in Russian studies. Together, these two blocks of factors form the organizational and economic mechanism of the tourist complex, which it is advisable to develop on the basis of a full-fledged mainstreaming sustainable tourism.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.