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MIL OSI Translation. Region: Russian Federation –

February 22, 2022, 11:00

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Photo by E. Samarin. Press Service of the Mayor and the Government of Moscow

Compared to January 2020, the revenue of the capital’s hotels increased by almost a quarter, fitness centers – by 83.4 percent and beauty salons – by 16 percent.

Turnover in the service sector of Moscow in January 2022 continued to grow. In most sectors of the economy, revenues have exceeded pre-pandemic levels.

“Despite another increase in the incidence of coronavirus infection, the city managed to avoid the introduction of restrictions, which prevented a drop in turnover in the service sector. The revenue of capital hotels in January 2022 reached 8.5 billion rubles, which is 1.8 times more than in January 2021 and almost a quarter more than in January 2020 in comparable prices adjusted for inflation. The turnover of fitness centers in January 2022 amounted to 2.9 billion rubles, which is twice as much as in January 2021, and 83.4 percent more than in January 2020,” said the Deputy Mayor of Moscow for Economic Affairs. politics and property and land relations

Vladimir Efimov.

Beauty salons in the first month of the year showed a total revenue of 4.3 billion rubles, adding 33.6 percent compared to January 2021 and 16 percent compared to January 2020.

“Positive dynamics are observed in the tourism industry, which was most affected during the period of coronavirus restrictions, but the industry has not yet fully restored its momentum. The revenue of travel agencies so far lags behind January 2020 by 32.5 percent, but is 70.4 percent higher than January 2021,” said the Minister of the Government of Moscow, head

Department of Economic Policy and Development of the City of Moscow Kirill Purtov.

In addition, the number of checks in the travel industry is almost at the level of January 2020 – 2.7 million. This indicates the growing interest of Muscovites in traveling within Russia, which, as a rule, is cheaper than international travel. And compared to January 2021, the increase in checks amounted to 36 percent. In general, the tourism industry is gradually returning to its characteristic smooth seasonal fluctuations, Kirill Purtov added.

The situation is also stable in the insurance services market. Their turnover in January amounted to 33 billion rubles, exceeding the figures for the first month of 2021 by 13 percent and by 6.6 percent in January 2020, the Analytical Center of Moscow notes.

More information about the economic policy and property and land relations of Moscow can be found on the site.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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