Trends in tourism
Information agency Credinform has prepared a review of trends in tourism. The largest Russian travel agencies (TOP-10 and TOP-1000) in terms of annual revenue were selected according to the data from the Statistical Register for the latest available periods (2015 - 2017). The analysis was based on data of the Information and Analytical system Globas.
|№||Name, INN, region||Net assets value, bln RUB||Solvency index Globas|
|1||JSC TOURIST COMPLEX KLJASMA LAKE
INN 5029026466 Moscow region
INN 7703016416 Moscow
INN 7707511820 Moscow
|4||LLC LITEINYI 5
INN 7838397950 Saint Petersburg
|5||LLC KEYSUSTEMS TOUR
INN 2130119586 Chuvash Republic
|996||LLC SVOY TOUR AND TRAVEL
INN 7730633954 Moscow
INN 0256021810 Republic of Bashkortostan
|998||LLC HOTEL AND TOURIST COMPLEX LADOGA ESTATE
INN 1007021940 Republic of Karelia
|999||LLC NTC INTOURIST
INN 7717678890 Moscow
INN 7714775020 Moscow
— growth indicator in comparison with prior period, — decline indicator in comparison with prior period.
For the last ten years, the average values of TOP-1000 net assets showed the decreasing tendency (Picture 1).
For the last three years, the share of enterprises with lack of property is decreasing (Picture 2).
In 2017, the total revenue of 10 largest companies amounted to 24% from ТОP-1000 total revenue (Picture 3). This fact testifies high level of competition within the industry.
In general, over a ten-year period the decrease in average sales revenue is observed (Picture 4).
Profit and loss
In 2017 profit of 10 largest companies amounted to 27% from TOP-1000 total profit (Picture 5).
For the last ten years, the average net profit values show the growing tendency (Picture 6).
Over a three-year period, the average net profit values of ТОP-1000 show the growing tendency, along with this the average net loss decreases (Picture 6).
Main financial ratios
For the last ten years, the average values of the current liquidity ratio were within the recommended values - from 1,0 to 2,0, with growing tendency (Picture 8).
For the last ten years, the average values of ROI ratiowere mostly negative with growing tendency (Picture 9).
For the last ten years, this business activity ratio demonstrated the downward trend (Picture 10).
The largest share of ТОP-1000 total revenue is occupied by the enterprises engaged in travel agency services (Picture 11).
94% of ТОP-1000 companies are registered in the Unified register of small and medium-sized enterprises of the Russian Federal Tax Service. Herein, in 2017 their share in TOP-1000 total revenue amounted to 68%, it is significantly higher than indicator for the economy as a whole (Picture 12).
Main regions of activity
ТОP-1000 companies are unequally located across the country and registered in 70 regions of Russia. More than 76% of the largest enterprises in terms of revenue are located in Moscow, Moscow region and Saint Petersburg Picture 13).
Financial position score
An assessment of the financial position of TOP-1000 companies shows that more than a half of them have stable or above average financial position (Picture 14).
Solvency index Globas
Most of TOP-1000 companies got superior/high or strong/medium Solvency index Globas, this fact shows the ability of the companies to meet their obligations in time and fully (Picture 15).
A complex assessment of activity of the largest Russian travel agencies, taking into account the main indexes, financial ratios and indicators, demonstrates the presence of favorable trends (Table 2).
|Trends and assessment factors||Relative share, %|
|Growth/drawdown rate of average net assets value||-10|
|Increase / decrease in the share of enterprises with negative net assets||10|
|Growth/drawdown rate of average revenue||-10|
|Competition/ monopolization level||10|
|Growth/drawdown rate of average net profit (loss)||10|
|Increase / decrease in average net profit of TOP-1000 companies||10|
|Increase / decrease in average net loss of TOP-1000 companies||10|
|Increase / decrease in average values of current liquidity ratio||10|
|Increase / decrease in average values of ROI ratio||10|
|Increase / decrease in average values of assets turnover ratio, times||-10|
|Share of small and medium-sized businesses in the industry by revenue more than 30%||10|
|Financial position (the largest share)||10|
|Solvency index Globas (the largest share)||10|
|Average value of factors||4,3|
— favorable trend (factor), — unfavorable trend (factor).