| Hotel Real Estate Market Newsletter. February 2010
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 | 17 june 2010 Category: Forecasts
Property type: Hotels |
Market Situation, Latest Trends and ForecastsDue to the stable conditions in the economy and financial sector, the first months of 2010 were evidence of gradual growth in the category of business and professional tourism in Moscow. Major international hotel operators, despite the still rather complicated situation in the tourist field, not only continue their expansion in Russia, but also plan to activate it. In particular, Hilton Hotel Group plans to open 70 new hotels in 2018 in Russia, and the Starwood group announced its intention to invest $4 billion in the opening of Sheraton brand hotels in Russia. Official Announcements, Estimations, and Opinions of Market Players | — | World Tourism Organization: In 2009 the market volume of inbound tourism amounted to 880 million people, this is 4.3% less than the previous year. 2009 was one of the most difficult years for world tourism industry. In 2010, UNWTO expects a 3-4% increase flow of tourists, which is primarily associated with the deliverance from economic crisis in many countries. (RATA news) | | — | Committee for Tourism of Moscow (Grigory Antyufeev): In 2009, according to the FSB Border Service, Moscow was the destination of 3.7 million foreign visitors, which is 9.7% less than in 2008. In 2008 the capital was visited by 4.1 million tourists. In the first months of 2009, reduction in the flow of foreign tourists was approximately 12%, however, by the end of the year this figure had leveled off. We can confidently say that 2010 will give us the recovery of main indicators, which we had in 2008. At favorable succession of events, we expect 2-3% growth in this year, compared with the 2008 pre-crisis year. (RIA Novosti) | | — | Yekaterinburg Administration: Occupancy rate in hotels of Yekaterinburg in 2009 was only 45%. 6 hotels were commissioned in 2009 with a total of 836 rooms (Onegin Plaza - 170 rooms, Ramada - 160 rooms, Chekhov - 30 rooms, Aurora mini-hotel - 15 rooms, Angelo - 211 rooms, Hotel - 250 rooms). As of Jan. 1, 2010 there are 92 operating hotels in Yekaterinburg with 7299 bed-places. (Hospitality.ru) | | — | Committee of Tourism and Foreign Relations of Veliky Novgorod: In recent years, flow of tourists in Veliky Novgorod steadily increased. If in 2000 the town was visited by 70.75 thousand tourists (51 thousand of them were Russian travelers), last year there were 170 thousand travelers. The average annual occupation rate of hotels does not exceed 42%. (HotelNews) | | — | Administration of the Yaroslavl’ region (Galina Krokhmal): The Yaroslavl’ region opened 17 new and refurbished accommodation facilities with a total capacity of more than 500 rooms in 2009. In the past year, the Yaroslavl region was visited by 1,392,000 tourists, foreign visitors accounted for 213,000 of them and 1,179,000 of them were Russians. Average annual occupancy rate of hotels in 2009 decreased by 10-12% and went to an average regional level of 39%. (Hospitality.ru) | | — | Company "Reisebuero Welt" (Larissa Zazulina): Foreign companies have started to come more often to Moscow and other Russian cities for business meetings. It is noteworthy that requests for location are seen not only in Moscow and St. Petersburg, companies are increasingly interested in the possibility of holding seminars and symposiums in Yekaterinburg, Sochi, Nizhny Novgorod. (Hospitality.ru) | | — | Ministry of Crimean resorts and tourism: In 2009, 5 million people traveled to the Crimea for rest, which is 12.4% less than in 2008. In the resorts of the peninsula 1,041,600 foreigners found their destination, which is 17.6% less than 2008. In the Crimea, at the end of 2009, 132 sanatoriums and health resorts were in operation, with occupation rate of 21.5%. At the end of 2008, 134 sanatoriums and health resorts operated with an occupation rate of 29.2%. (RATA News) |
Hotel Openings(Hotels officially opened in Jan-Feb 2010) 
Hotel Projects(Projects mentioned in Jan-Feb 2010) 
Other News| — | Moscow airports have summed up the results of their operation in January of 2010. The three international airports – Domodedovo, Sheremetyevo and Vnukovo – increased the number of served passengers, not only compared to January of last year, but compared to the record high in January of 2008. For example, the largest airport in Russia Domodedovo received 1.5 million passengers in January of this year – this is 34% growth from 2009, and a 9.2% increase in comparison with 2008. (Kommersant) | | — | Associations of hoteliers of Austria, Germany, Sweden, Czech Republic, Switzerland and Hungary have drawn up a contract for a Single European Standard for Hotels – Hotelstars Union. The signing of this contract is the first step in creating a single European classifications system for hotels. Thanks to a new standard, tourists can compare hotels from different countries more easily. For example, a 3-star hotel in Germany will have the same standards as a 3-star hotel in the Czech Republic. This new system encompass more than 17,000 hotels from participating countries. In this year hotels will still operate by their old classification system, but in 2011 only the new standards of classification will be in effect. (Hotelstop.ru) |
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