(MENAFNEditorial)
The Ukrainian tourism industry suffered significantly in 2014 as a result of regional tensions and conflict in the east of the country. The instability has severely damaged the country's already poor reputation as a tourist destination leading to plunging tourist arrivals figures alongside contractions across all of the other key market indicators for the Ukrainian tourism industry.
Previous forecasts provide an insight into the damage caused by the crisis: in 2013 before indications of the crisis to come BMI was forecasting tourist arrivals of 32mn by 2018. In light of the recent destabilising event we have drastically reduced our expectations to 8.4mn arrivals in 2018 down from an estimated 24.7mn in 2013. There will be knock-on effects on Ukraine's tourism industry value and hotel numbers which are set to fall by 58% and 30% respectively in 2014 as well as tourism-related receipts which will lose around USD1bn in value as a result of the crisis. In 2015 these numbers will either fall slightly further or remain static and all are likely to remain largely stagnant through until at least 2018 the end of our reporting period.
Full Report Details at
- http://www.fastmr.com/prod/977547_ukraine_tourism_report_q2_2015.aspx?afid=101
Crucially Russia has annexed Ukraine's key regional tourist destination the Crimea which is no longer under Ukrainian government control and will no longer count towards Ukraine's tourism market. This is a serious long-term blow for the industry.
As a result of this instability and asset withdrawal from the country Ukraine's economy is estimated to have contracted by 5% in 2014. This will result in a sharp drop in outbound and domestic travel as well as a decrease in investment in the industry from the government and the private sectors as well as contributing to the sharp decline in hotel numbers. Several of the world's largest hotel groups have shelved or cancelled plans to expand in the country and many have closed hotels.
The situation remains fluid as the ceasefire between the pro-Russian armed groups and the Ukrainian...
The Ukraine Tourism Report has been researched at source and features BMI Research's independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport reason for travel origin and destination; and the accommodation market.
BMI's Ukraine Tourism Report provides industry professionals and strategists corporate analysts associations government departments and regulatory bodies with independent forecasts and competitive intelligence on the Ukrainian tourism industry.
Key Benefits
* Benchmark BMI's independent tourism industry forecasts for Ukraine to test other views - a key input for successful budgetary and planning in the Ukrainian tourism market.
* Target business opportunities and risks in the Ukrainian tourism sector through our reviews of latest industry trends regulatory changes and major deals projects and investments in Ukraine.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. KPIs and latest activity).
Coverage
BMI Industry View
This contains a synopsis of our forecasts and any changes together with an overview of key trends and developments in the tourism industry and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects new hotel developments and acquisitions.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the tourism sector and within the broader political economic and business environment.
BMI Industry Forecast Scenario
Forecasts to end-2019 for all key indicators supported by explicit assumptions plus analysis of key downside risks to the main forecasts:
* Inbound Tourism: Total arrivals (‘000 and growth % y-o-y) arrivals by region (‘000 and growth % y-o-y) arrivals by country (‘000 and growth % y-o-y) top 10 source countries for arrivals.
* Outbound Tourism: Total departures (‘000 and growth % y-o-y) departures by regional destination (‘000 and growth % y-o-y) departures by country (‘000 and growth % y-o-y) top 10 destination countries.
* Travel & Receipts: Methods of travel for arrivals (air ship rail) (‘000 and growth % y-o-y) international tourism receipts for transport (USDbn and growth % y-o-y) international tourism receipts for travel items (USDbn and growth % y-o-y).
* Hotels: Hotel industry value (USDbn and growth % y-o-y) number of hotels (‘000 and growth % y-o-y) total overnight stays (‘000 and growth % y-o-y) length of stay occupancy rate (%) number of total
BMI’s Tourism Risk Reward Index
BMI’s Risk Reward Indices provide investors (tour operators tourism infrastructure investors financial institutions) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards.
Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide an indices of highest to lowest appeal to investors with each position explained.
Market Overview
This contains a comprehensive overview of the tourism industry in the country its overall value the value of its hotels industry trends in the hotels industry and any new developments. It also contains an evaluation of the top 10 global hotel groups’ presence in the country which brands are present in which cities the number of hotels and any planned developments and strategies. The Market Overview also considers the tourism infrastructure developments in the country in particular transport infrastructure projects such as ports and airports. Tables are also included from our regularly updated Key Projects Database which contain details of projects their value the time frame their current status the companies involved and their estimated completion dates.
Competitive Landscape
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