Event Tourism is a Significant Part of Cultural Tourism

The purpose of this article is to analyze festival tourism as a modern direction of tourist activity. For this purpose, it is necessary to solve the following tasks: to characterize festival tourism as a new direction of tourist activity in the modern system of event tourism; highlight the main groups of festivals and areas of festival tourism; determine the factors contributing to the development of festival tourism; to assess the impact of festival tourism on the development of the economy of states.