As 2016 draws to a close Jones Lang LaSalle (JLL) Hotels & Hospitality has released the preliminary report on markets and hotels in Moscow and St. Petersburg. According to the report showed overall stability with a substantial ADR increase.
Jones Lang LaSalle
Moscow Room Rates Increase as Demand Grows Stronger
Tourism in Moscow is set to get a much-needed boost this year with the completion of eight new luxury hotel projects, boosting the number of quality hotel rooms in the Russian capital by 6% – to a total of 32,500 – according to a top consulting company.