Importance The article investigates the impact of economic crises of the 21-st century on efficient functioning of regional socio-economic systems. Objectives The aim is to demonstrate the influence of macroeconomic factors on tourist and recreational services in two regions of the Baikal area (the Irkutsk oblast and the Republic of Buryatia). Methods The study draws on comparative analysis, generalization, and analogy. Results The paper analyzes the impact of two economic crises (2008–2009 and 2014–2015) on the basis of statistical data characterizing the tourism and recreation in the Baikal area. It demonstrates the multidirectional nature of the impact of economic crises. The findings show how macroeconomic factors influence tourist and recreational services in regions. Conclusions The analysis reveals two tendencies in the sphere of tourist and recreational services, i.e. a rather high susceptibility to external economic and political factors and the ability of enterprises operating in the tourism and recreation sector to adapt to unfavorable external effects. Economic crises should be viewed as a positive factor that unlocks the potential of the said enterprises and enables them to transfer to a qualitative level of development and functioning.
Kirsanova E.V. [Effective work of small and medium-sized businesses during recession]. Vestnik Tomskogo gosudarstvennogo universiteta = Tomsk State University Journal, 2010, no. 336, pp. 141–143. URL: Link (In Russ.)
Sanina L.V. [Experience of giving State support to small and medium business entities in Russia's regions]. Izvestiya Irkutskoi gosudarstvennoi ekonomicheskoi akademii, 2014, no. 3. (In Russ.) URL: Link
Nekrasova M.V., Kaloshina S.V. [Risks involved in construction during the economic crisis]. Vestnik PNIPU. Stroitel'stvo i arkhitektura = PNRPU Construction and Architecture Bulletin, 2016, vol. 7, no. 1, pp. 67–73. URL: Link (In Russ.)
Keller P. [The influence of world crisis on a tourism]. Vestnik RMAT = Vestnik RIAT, 2013, no. 3, pp. 17–20. URL: Link (In Russ.)
Vinokurov M.A. [The economic crisis in Russia in 2014 and possible ways to overcome it]. Izvestiya Irkutskoi gosudarstvennoi ekonomicheskoi akademii, 2015, vol. 25, no. 2, pp. 261–267. (In Russ.) URL: Link
Detochenko L.V., Lobanova N.A. [Russian tourism industry in the conditions of economic development crisis of 2014–2016]. Vestnik VolGU. Ser. 3: Ekonomika. Ekologiya = Science Journal of VolSU. Global Economic System,2017, vol. 19, no. 2, pp. 97–107. URL: Link (In Russ.)
Dusenko S.V. [About crises, threats and prospects]. Rossiiskie regiony: vzglyad v budushchee = Russian Regions: Looking into the Future, 2015, no. 1, pp. 96–116. URL: Link (In Russ.)
Lepa T.P. [Russia and China: Customs and economic cooperation]. Izvestiya Baikal'skogo gosudarstvennogo universiteta = Bulletin of Baikal State University, 2017, vol. 27, no. 1, pp. 64–72. URL: Link (In Russ.)
Minakir P.A., Goryunov A.P. [Global economic crisis: Theoretical and applied issues]. Vestnik Dal'nevostochnogo otdeleniya Rossiiskoi akademii nauk = Vestnik of the Far East Branch of the Russian Academy of Sciences, 2009, iss. 4, pp. 130–146. URL: Link (In Russ.)
Samarukha V.I., Krasnova T.G. [About some peculiarities of economic crisis in Russia]. Izvestiya Irkutskoi gosudarstvennoi ekonomicheskoi akademii,2008, no. 6, pp. 58–62. (In Russ.) URL: Link
Khetagurova V.Sh. [Economic crisis as the stimulating factor of development of socially oriented tourism in the former Soviet Union]. Gumanitarnye, sotsial'no-ekonomicheskie i obshchestvennye nauki = Humanities, Social-economic and Social Sciences, 2016, iss. 11, pp. 207–211. URL: Link (In Russ.)
Shvets I.Yu. [Influence of crises on the home market of tourism]. Drukerovskii vestnik = Drukerovskij Vestnik, 2014, no. 4, pp. 96–103. (In Russ.)
Boukas N., Ziakas V. Impacts of the Global Economic Crisis on Cyprus Tourism and Policy Responses. International Journal of Tourism Research,2013, vol. 15, iss. 4, pp. 329–345. URL: Link
Meng X., Chin A., Grant B. Long-Run Effect of the Global Financial Crisis on Singapore's Tourism and the Economy. Asian Economic Journal, 2015, vol. 29, iss. 1, pp. 41–60. URL: Link
Purwomarwanto Y.L., Ramachandran J. Performance of Tourism Sector with Regard to the Global Crisis – A Comparative Study Between Indonesia, Malaysia and Singapore. Journal of Developing Areas, 2015, vol. 49, iss. 4, pp. 325–339. URL: Link
Čerović S., Knežević M., Sekulović N. et al. The Impact of Economic Crisis and Non-Economic Factors on the Tourism Industry in Zlatibor. European Journal of Applied Economics,2015, vol. 12, iss. 1, pp. 1–9. URL: Link
Kleiner G.B., Smolyak S.A., Dement'ev V.E. et al. Mezoekonomika razvitiya: monografiya [Mesoeconomics of development: a monograph]. Moscow, Nauka Publ., 2011, 805 p.
Rubtsova N.V. [Classification of approaches to the travel activity efficiency study]. Izvestiya Sochinskogo gosudarstvennogo universiteta = Sochi Journal of Economy, 2015, iss. 1, pp. 164–171. URL: Link (In Russ.)
Morozov M.A., Rubtsova N.V. [Tourism's role in sustainable socio-economic development of the regions of the Siberian Federal District]. Regional'naya ekonomika: teoriya i praktika = Regional Economics: Theory and Practice,2016, iss. 14, iss. 8, pp. 187–198. URL: Link (In Russ.)
