PL

Falling occupancy for St Petersburg luxury hotels

Hotels
RUSSIA An 8 pct y-o-y decrease in occupancy for luxury hotels in St Petersburg was recorded H1, according to the latest data from Jones Lang LaSalle’ Hotels & Hospitality Group.

June, however, was a good month, with occupancy amounting to 74 pct and an ADR of over RUB 26,000. “A record June in terms of occupancy and the average rate for luxury and upper-upscale hotels in St Petersburg cannot hide the fact that the overall trend in the city is down y-o-y for both segments,” says David Jenkins, the head of Jones Lang LaSalle’s Hotel’s & Hospitality Group for Russia and the CIS. He noted however that midscale hotels showed impressive growth in the first six month of the year. The occupancy in the upper-midscale segment grew from 56 pct to 63 pct. At the same time, ADR has grown almost 7 pct, resulting in an impressive RevPAR growth of 19.5 pct for H1 over the same period in 2012.

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Edition 6 (289) June 2024

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