Russian billionaire Vladimir Potanin’s Interros Holding and its partner Vasta Discovery will invest $1 billion in a new Sochi resort.
domestic tourism
NAFI Polls Russians on 2018 Travel
According to research conducted by the analytical center NAFI, every third Russian will travel abroad, and half of Russians will travel in-country in 2018
Moscow Investors to Grow 49 New Hotels by 2020
According to leading investors, by the end of 2020 investors in the Moscow hotel market intend opening 49 new hotels with a capacity of almost nearly eight thousand rooms. According to the Chairman of Moskomstroyinvest Konstantin Timofeev, last year alone eight new hotels with almost 1400 rooms were opened.