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Astana Hotel Market Update - September 2014

​​Astana has been the capital of Kazakhstan since 1997, and is the country's second largest city after Almaty. Over the last 10 years Astana’s contribution to the country’s GDP increased to 8.5%. It is still behind Almaty in terms of business activity, but the success story of how Astana turned from a provincial town to the capital is obvious and the future development trend is upward. In order to promote further development of Astana and to raise public awareness of the city, Kazakhstan applied for and won the hosting of the World Expo in 2017. The city itself is a prime example of master-planning with many already famous buildings and more to come.

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