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
In Russian Federation hotelier news, IHG has announced plans for a managed service center that will offer guests support services in Russia and the CIS. Scheduled to open in early 2013, the Moscow center will let IHG Hotels offer features not previously available in the region.
Times in hospitality, they are a changing. news from the Russian Federation last week tells of an iconic stay in Moscow being auctioned. The Hotel Metropol, a Moscow landmark, was sold last Thursday to entrepreneur Alexander Klyachin.
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.
In hotel news from the Russian Federation, hotel values there are expected to rise, as well as in the Commonwealth of Independent States, and the Republic of Georgia, according to several reports. Some estimates suggest the growth rate at up to double that of other countries in Europe.
In hotel news from Moscow, Best Western International opens their first hotel in Russia. The Best Western Vega Hotel & Convention Centre in Moscow, it not only the chain’s first Russia entry, but the franchise’s largest hotel ever.