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Moscow, 25 September 2013 — Jones Lang LaSalle today presents their Russian and Ukrainian Hotel Market Outlook at the Hotel Investment Conference Europe (Hot.E) in London.
Report in brief:• Moscow hotel market runs to 32,000 rooms, incl. 11,000 branded rooms;• Moscow branded hotel market to grow 40% in the next 3 years;• Occupancy in Moscow exceeded pre-crisis level, while ADR and RevPAR won’t meet 2007-2008 figures;• St. Petersburg market runs to 7,500 branded rooms, an additional 800 rooms is due to open by the end of 2014;• Occupancy in Russian regions grows up to 45-49%, but ADR stays flat;• Kiev has seen a 30% drop in ADR since 2009.
Natalia Kopeychenko, Head of PR
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