The Russian government has expanded the program of preferential loans for the construction of tourism infrastructure
The corresponding decision was announced at a cabinet meeting Chairman of the Government of the Russian Federation Mikhail Mishustin. This decision will increase the number of hotel rooms by a third — up to 78 thousand, and also build 17 water parks, 11 ski resorts, and two year-round amusement parks. More than 50 Russian regions have announced their readiness to implement the projects.
“This will create additional opportunities for our citizens to travel more often around Russia, get to know the country, and see the beauty and diversity of the regions”, — Mikhail Mishustin emphasized at a government meeting.
The preferential loan program is one of the key instruments of the national project “Tourism and Hospitality”, curated by Deputy Chairman of the Government Dmitry Chernyshenko. More than 220 investment projects with a total investment of more than 1 trillion rubles are already being implemented within the framework of the program. The mechanism has proven its effectiveness and demand among businesses.
Russian Minister of Economic Development Maxim Reshetnikov noted that there is a real investment boom in the tourism sector. In 2024, businesses invested more than 1 trillion rubles in the construction of hotels and other tourism infrastructure, which is 35% more than the year before. Government support measures, including the preferential lending program, play a major role in attracting of investment. In fact, with the help of these tools, a long-term investment cycle in the tourism sector was launched, which will give an additional impetus to the development of related industries, as well as the regional economies.
The new selection also included projects for the renovation of cultural heritage sites, which are planned to be involved in tourism turnover, creating hotels on their basis. A mandatory condition for participation in the program for hotels was the availability of at least 5% of the hotel rooms for accommodating families with children. This measure contributes to the growth of supply for family travelers.