Local tourists boost St Petersburg hotel sector

“Breaking it down into the segments, each one managed to increase RevPAR in the first quarter – more so in the upscale to luxury segments. We have seen hotels that are more focused on international corporate demand struggling whilst those that have been able to tap into local and Asian tourism have flourished,” commented David Jenkins, the head of JLL hotels and hospitality group in Russia and CIS. Most of the growth in the international hotels has come via occupancy, with the