Ulyanovsk Region Implements New Investment Projects in Tourism

Plans for medium-term tourism development were discussed at the meeting of the Tourism and Hospitality Council on 11 June, which was chaired by Governor Sergey Morozov. The head of the region also inspected a four-star hotel "Mirazh" (Mirage), which is currently under construction, and an eco-park "Rosa Vetrov".



Sergey Morozov said, “Tourism is one of the business sectors most affected by the pandemic; the tourist flow has stopped almost completely. Nevertheless, entrepreneurs do not give up and use this time to implement their new projects. Our task is to provide all possible support. Tourism is not just a form of recreation; it is connected with significant investments and development of the region. We must think of a step-by-step plan for development of the industry based on experience of the leading tourist destinations. I also believe that it is necessary to focus on growth of specific territories in the region that will be interesting for tourists. It is important to create a year-round high-quality tourism product. I have already examined a number of investment projects that can give a fresh impetus to the industry.”

To improve the tourism management system and to organize its systematic monitoring, the regional Agency for Tourism carries out a survey in municipalities of the Ulyanovsk region on a quarterly basis according to the standard, which is designed to detect changes in key indicators of the industry in the given area.

“We will rate municipalities quarterly based on the statistical data form to identify leaders and outsiders in terms of tourism and hospitality industry development. This will allow us to follow the situation closely and make relevant decisions to improve work in a district of the region. We have never had anything like this before. In a month, we will be ready to present a rating for the second quarter of 2020,” - said Denis Ilyin, Director of the Agency for Tourism of Ulyanovsk Region.

The Ulyanovsk has been providing subsidies every year since 2017 for implementation of tourism projects designed to develop infrastructure and to promote tourism potential of the region. Thanks to such support, more than 30 projects were implemented over three years, and private investments exceeded 200 million rubles. This year, a record number of applications have been submitted (32). The projects include initiatives connected with implementation of investment projects, as well as planning and organization of events. In total, the region's register contains information about 21 investment projects.

“In the current situation, we should focus on development of domestic tourism, including the one in the region. The industry continues implementing its projects, which makes the Ulyanovsk region more attractive and comfortable for travelling and holidays. Investments in projects that are currently in the active stage of implementation makes more than 600 million rubles. They will create about 500 new jobs,” - said Ruslan Gainetdinov, Chairman of the Board of Ulyanovsk Region Entrepreneurship Development Corporation.

In 2020, it is planned to implement several major investment projects related to the hospitality sector, to complete construction of a large hotel complex "Mirazh 4*", to expand the lounge-cafe "Rosa Vetrov", to develop a network of glamping destinations and campsites and to implement a number of other investment projects designed to develop the region's travel industry.

The region has federal and regional measures to support the affected entities connected with the travel industry. These include reduction of insurance premiums, a moratorium on audits, credit holidays, interest-free loans for salaries, a moratorium on bankruptcy, tax holidays, benefits to rent state and municipal properties (a grace period) and three-month exemption from rent payments for lessees of state and municipal properties (includes non-profit organizations). Business entities can receive reduced tax rates within the simplified tax system (from 15% to 5%), as well as reduced rates within the unified tax on imputed income (from 15% to 7.5%).