Relationship of changes in the key indicators of Russian hotel industry development and the changing human well-being
Importance The importance of domestic tourism development in Russia requires close attention to all elements of this sector’s infrastructure. It is crucial to distinguish factors influencing the financial performance of the hotel industry. Objectives The aim of the study is to review the relationship between the development of the hotel industry of Russia and the changing well-being of the population that is described by several hypotheses. Methods The study rests on the analysis of official statistical data for 2010-2014. I verify five logically interconnected hypotheses describing the interrelations of indicators under consideration. Results The study proves the hypothesis, according to which the increase in the real monetary income of the population results in the growth of the volume of paid services provided by collective accommodation facilities with a delay of 1-2 years. Conclusions The increase in consumer prices for services in Russia during recent years does not explain the behavior of the increase in paid services provided by collective accommodation facilities. It is possible to trace the direct link between the volume of paid hotel services in monetary terms and changes in human well-being. These conclusions may be useful for the domestic tourism development.