FIFA World Cup 2018: Will the football tournament boost tourism in Russia?
Shijith P Kunhitty / Russia’s total expenditure for the football World Cup that began this week is likely to be USD 11.6 billion, almost one percent of its GDP. Officials hope at least 1.5 million people will visit Russia during the event, which according to an analyst quoted in The Moscow Times could add USD 3 billion to the country’s economy. But a number crunching shows that previous hosts did not benefit from a spike in tourist spending. A…
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