Analysis of tourists' expenditures at the 2014 Sochi Olympic Games

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Abstract

The aim of the this study was to determine the Russian tourists' expenditures during the 2014 Sochi Olympic Games, comparing these with tourists' expenditures two year before and examine their affecting factors. The analysis showed that Olympic tourists' expenditures were significantly higher than spending of other leisure travellers and amounted approximately US$ 2,000 per a trip. It was also found that the expenditures' structure of Olympic tourists differed from other tourists due to the additional spending on the Olympic events and a higher cost of accommodation. The level of Olympic tourists' expenditures was influenced by many socio-demographic and travel-related factors such as family income, occupation, type of accommodation, purpose of the trip.

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Author Biographies

Alexandr Vetitnev, Sochi State University

Alexandr Vetitnev is a professor at Faculty of Tourism, Service and Sport, Sochi State University, Sochi, Russia. 

Nadezhda Bobina, Sochi State University

Nadezhda Bobina is a PhD candidate at Faculty of Economics, Sochi State University, Sochi, Russia

Olga Zelenskaya, Sochi State University

Olga Zelenskaya is an Associate Professor at Faculty of Tourism, Service and Sport, Sochi State University, Sochi, Russia

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Published

2016-04-17

How to Cite

Vetitnev, A., Bobina, N., & Zelenskaya, O. (2016). Analysis of tourists’ expenditures at the 2014 Sochi Olympic Games. International Review of Management and Marketing, 6(2), 227–232. Retrieved from https://mail.econjournals.com/index.php/irmm/article/view/1976

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