Revival After the Covid-19 Pandemic: Tourism Renovations in the Republic of Kabardino-Balkaria
Abstract
The article discusses the advantages of the cluster approach as an effective tool for reviving tourism after the pandemic. Over the past few decades, the role of the tourism industry has significantly increased in its importance for the world economy, bringing profit and creating new jobs. But despite its importance this sector is extremely unstable and subject to changes. The outbreak of the COVID-19 coronavirus syndrome in addition to the devastating health hazards of the population of all the world countries caused serious damage to the tourist industry. The authors analyse the experience of one of the subjects of the North Caucasus Federal District-the Republic of Kabardino – Balkaria with the aid of different methods of theoretical research, as well as geographical monitoring and cartographic research, mathematical-statistical, sociological and economic assessment methods. In accordance with the measures of state support, many tourist organizations of Kabardino-Balkaria were able to receive subsidies and loans, tax reductions, prolongation of the terms of advance payments, property tax exemption, microloans and guarantees at reduced rates. The project, implemented by the management company of JSC “Northern Caucasus Resorts”, integrates such investment projects as a recreational complex “Elbrus”, tourist and recreational cluster “Chegem Waterfalls”, mountain tourist and recreational balneological complex “Jyly-Su”, all-season resort “Upper Blue Lakes”, the resort of federal significance Nalchik and the cluster of “Atazhukinsky Park”, - is one of the priority strategic state projects aimed at sustainable socio-economic development of the region.
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About this article
Publication Date
30 September 2024
Article Doi
eBook ISBN
978-1-80296-966-5
Publisher
European Publisher
Volume
4
Print ISBN (optional)
-
Edition Number
1st Edition
Pages
1-1008
Subjects
sustainable development, ecology, economy, technologies, green technologies
Cite this article as:
Goncharova, O. V., Khaleeva, S. A., Kolchugina, T. A., Goncharova, E. N., & Dolgikh, K. S. (2024). Revival After the Covid-19 Pandemic: Tourism Renovations in the Republic of Kabardino-Balkaria. In K. A. Said-Akhmadovich, & A. S. Salamova (Eds.), Modern Trends in Governance and Sustainable Development of Socio-economic Systems: From Regional Development to Global Economic Growth, vol 4. European Proceedings of Multidisciplinary Sciences (pp. 159-167). European Publisher. https://doi.org/10.15405/epms.2024.09.20