Posted on Feb 15, 2023
Explainer: How Ukrainian War Impacts on Russia’s Tourism Industry
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Responses: 2
LTC Eugene Chu
..."The beginning of 2022 seemed optimistic with the year expected to herald a turnaround for the travel industry, previously hit hard by the global coronavirus pandemic. However, Russia’s invasion of Ukraine and the biggest sanctions in history having been placed on the aggressor by Western states may just have changed that. The war has added pressure to an already challenging economic environment and heavily affected travel demand. The majority of operators in the travel and tourism industry are once again bracing themselves for closed airspace, cancellations, and uncertainty over international travel. We discussed this subject in more depth with several international tourism experts. Check out their opinions below."...
..."The beginning of 2022 seemed optimistic with the year expected to herald a turnaround for the travel industry, previously hit hard by the global coronavirus pandemic. However, Russia’s invasion of Ukraine and the biggest sanctions in history having been placed on the aggressor by Western states may just have changed that. The war has added pressure to an already challenging economic environment and heavily affected travel demand. The majority of operators in the travel and tourism industry are once again bracing themselves for closed airspace, cancellations, and uncertainty over international travel. We discussed this subject in more depth with several international tourism experts. Check out their opinions below."...
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