tag:blogger.com,1999:blog-8817171247555815363.post5226775262844082576..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: 19/7/2014: Some Early Signs of Crimean Economy Suffering Sustained SlowdownTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8817171247555815363.post-901897393861929692014-07-20T00:06:28.641+01:002014-07-20T00:06:28.641+01:00Do the numbers say number of _visitors_ or _touris...Do the numbers say number of _visitors_ or _tourists_?<br /><br />The visitors number might not reflect tourism well, there is some business traffic. In reality the tourism should be down to... just 20-30%. Few hundred thousands rather than 4mln Ukrainian tourists will come this year due to political and economic reasons. <br /><br />Tourism from Russia is also under question. Simferopol airport capacity is slightly over 1 mln. The ferry crossing from Russia is impossible, 20 hour queuing can be fancied by few.<br /><br />The tourist sector will deteriorate rapidly, - prices and revenues plunged down significantly, private investment will be limited due to political risks, competitive drivers won't exist so quality will suffer.<br />Price advantage is already gone with food inflation closing to triple digits due to more expensive Russian products and logistical problems.Vovannoreply@blogger.com