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.
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.
The organizers of the Russian Hospitality Awards and the organizers of the 11th Annual Conference on investments in hotel businesses of Russia and the CIS (RHIC) have jointly awarded Teimuraz Yu Chichiashvili, President of PATERO Development, the first ever “Man of the Year” award for leadership.
Winning the 2014 Prix Villégiature award as the best hotel in Europe, Lotte Hotel in Moscow took home the French awards’ biggest prize this week. Can this fabulous accommodation really be considered a business hotel?
A report from KPMG; ‘International Hotel Operators in Russia’, tells of major hotel brands expanding to twice their current presence by the year 2018. Last year’s accelerated growth and the immediate future are discussed, as well as extended reach within the country.
The KPMG data shows that not only are key centers like Moscow