Brand hotels new openings of total 4,7k rooms in Russia and CIS

According to JLL retail research team, 30% of announced projects in the region are expected ti be opened in Moscow,
Brand hotels new openings of total 4,7k rooms in Russia and CIS
03 February 17:00 2016 Print This Article

This year, according to JLL retail research team, international operators are planning to open in Russia, CIS countries, and Georgia total hotel capacity of about 7,4 thousand rooms, including 64% (4,7 thousand) in Russia. Almost half of announced projects (2,2 thousand rooms) will be launched in Moscow, which will increase hotel market of the city up to 25 thousand rooms.

The largest hotel projects in 2016 in Russian capital will be realized near Kiyevsky railway station, with participation of three international operators Adagio, Ibis and Novotel with a capacity of 701 rooms. In St. Petersburg, where last year were built no new chained-brand hotels, in 2016, were announced three hotel projects with total capacity of 395 rooms – the city’s first Hampton by Hilton Expoforum and the first in Russia Jumeirah and Wyndham.

According to retail consultancy JLL, in regional cities it was announced to launch 1 thousand new rooms. In Nizhny Novgorod will be put in operation two hotels with capacity of 360 rooms, in Voronezh it is planned to open one hotel with 220 rooms, as well as in Novosibirsk with 218 rooms, Volgograd with 158 rooms, and in Rostov-on-don (81 rooms).

According to the head of the Department for tourism and hospitality sector in JLL Tatiana Veller “the realization of projects planned for opening this year had initiated long before the ruble shrunk in 2014. Given the average build-up period of hotels of is three-four years, the real effect of the current economic situation will be seen not earlier than 2018-2019.”

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