Financial Support Problems of Developing a Territory`s Touristic Potential

Natalia Kataeva,Sergey Barinov,Irina Marakulina,Yelena Snigireva,I Ilin,O Kalinina

doi:10.1051/matecconf/201817001046

Abstract

This article considers the influence of financial support on developing the territory`s touristic potential. Having applied economic-mathematical and statistical methods, the authors have analyzed the touristic and investment potential of Kirov region. They have come to the conclusion that the financing of developing the territory`s touristic and investment potential is performed mainly using the federal and regional budget funds within the framework of the approved Development Strategy of Territories, the share of private investment is rather small. Using the methods of logical qualitative judgments and scientific assessment on the basis of the existing Program for Tourism Development Program in Kirov region, the authors have offered a two-stage innovative scenario for developing the territory. This scenario relies on the available resource base and its development prospects on account of additional financing. Attracting additional investments in developing the touristic potential of Kirov region is possible due to the image promotion of the region, the popularization and enhancement of the status of events held on its territory, as well as the development of infrastructure facilities. In our opinion, the possibility to invest in developing infrastructure facilities is of prime importance as infrastructure facilities greatly affect the increase in tourist flow of the region.

Highlights

Nowadays under complex economic and political situation in the world, accompanied by introduced sanctions, the role and importance of developing domestic tourism in Russia is growing strongly. This is primarily connected with the fact that Russia as a tourist attraction has significantly increased its force of attraction in the Travel and Tourism Competitiveness Index
During the study we have examined the main trends of the Russian tourism market, the domestic tourism market on the information of Kirov region
The total area of Kirov region is 120 374 square kilometers, it is located in the European part of Russia, to the north-east from the center

Summary

Introduction

Nowadays under complex economic and political situation in the world, accompanied by introduced sanctions, the role and importance of developing domestic tourism in Russia is growing strongly. This is primarily connected with the fact that Russia as a tourist attraction has significantly increased its force of attraction in the Travel and Tourism Competitiveness Index (hereinafter referred to as TTCI). This Index is produced by the experts from the World Economic Forum and the Strategy Partners Group.

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Conclusion