Moscow hotel revenue drops in H1
Hotelsschedule 06 August 2014
RUSSIA With a 5.4 pct drop in the revenue per room (RevPAR) y-o-y, the performance of the Moscow hotel market for H1 2014 is down, but less than feared, according to the Moscow Hotel Market Update report by JLL.
Unsurprisingly, the decrease came mostly through a fall in occupancy. “It is not as bad as we were expecting though, following the political challenges around the Ukraine crisis. The only segment not to see an overall decrease has been the upper-midscale segment (2 pct increase in RevPAR), which seems to have benefited from a swing from the upscale segment (11 pct drop in RevPAR). Given that ruble inflation is moving beyond 6 pct in the year to date, the overall fall in actual ADR show that ho
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