Development of Tourism and Recreation Complex of the Krasnodar Region: Results and Prospects
Today, one of the most dominant and fastest growing sectors of the economy of the Krasnodar region is the tourism industry. In 2014, the tourism industry of the Krasnodar region was among the three leaders in the growth of tax revenues. According to the number of spa companies and their total capacity, the leading place in the Krasnodar region is given to tourism and recreation complex of the Azov-Black Sea coast. In 2013-014, the number of foreign visitors in Kuban significantly increased -up to 10 times, reaching over half a million people. Now, approximately 250 major investment projects worth more than 1 trillion rubles are being implemented in the Krasnodar region. Investment development of the Krasnodar region is expected to grow up to 2025 owing to the strengthening of the position of such sectors as agribusiness, resort and tourism, construction, transport and logistics systems. Macro- and microeconomic factors are favorable for the increase in the tourist flow to the Krasnodar region, and correspondingly for the increase in tax revenues in the regional and federal budgets, so that funds are allocated to the development of the industry and the implementation of new projects.