TOURISM INDUSTRY: IMPACT OF THE PANDEMIC AND DE- VELOPMENT CONDITIONS

Abstract

In the first two decades of the XXI century, the tourism industry was one of the largest and fastest-growing sectors of the world economy, but 2020 was a disastrous year for market participants. The article examines the main trends in the global tourism industry on the eve of the COVID-19 pandemic, as well as the dramatic changes caused by the closure of almost all tourist destinations and the suspension of the market actor’s activity. In Russia, there was urgent support provided to companies in the tourism and hospitality sector, objective prerequisites formed for more intensive domestic tourism development. However, systemic solutions are necessary to create conditions for industry recovery and successful development.