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  Russia and CIS branded hotel market grew

According to JLL, in H1 2016 Russia and CIS branded hotel market grew by about 2,000 rooms, of which approximately three-quarters – almost 1,500 rooms – were opened in Russian cities.

 

The leaders in H1 2016 in terms of new hotel openings were Moscow, St. Petersburg and Yerevan. In Moscow (including Moscow Region) three new properties appeared, and in each of the other two cities two branded hotels were opened. For instance, Holiday Inn Moscow Seligerskaya has recently opened in the Russian capital (former Iris Congress Hotel, 201 rooms) and Ibis Stupino (125 rooms), as well as Radisson Residences at Zavidovo (200 units); in St. Petersburg –Hampton by Hilton Expoforum (207 rooms) and Best Western Plus Centre Hotel (107 rooms); in Yerevan – Double Tree by Hilton (176 rooms) and the Radisson Blu (142 rooms).

In addition, new hotels have been opened in Nizhny Novgorod, Krasnodar, Tyumen, and Minsk.
 

“About a third of the branded room stock proposed for the year has already been put into operation in H1 2016 in Russia and CIS countries,” Tatiana Veller, head of JLL Hotels & Hospitality Group, Russia & CIS, said. “Hilton is the leader in terms of new openings – all properties announced for 2016 already started receiving guests (762 rooms in total).

 

For the second half of 2016, 4,000 new rooms have been announced for Russia, the CIS and Georgia, of which approximately 2,300 will be in Russia. Thus, the total volume which is set to enter the region in 2016, as of the date of this report, is over 6,000 rooms, which is 1,315 rooms less than the amount forecast early this year, according to JLL.

Please refer to http://europe-re.com/russia-and-cis-see-approximately-2000-branded-hotel-rooms-open-in-h1-2016/62485

     

  Russia’s major markets primed for performance boosts
Hoteliers in Moscow and Saint Petersburg have seen their hotel markets begin to recover, according to sources and recent performance data.
REPORT FROM RUSSIA—The end of uncertainty in the Russian economy coupled with growth of occupancy and other performance indicators might increase the number of new hotel projects in Moscow and Saint Petersburg between 2016 and 2018, sources said.
Most market analysts said the investment interest in hotels in both cities continues to rise, as inbound tourism is growing and likely will continue to grow in the second half of 2016.
"In the first quarter of 2016, according to the Federal Tourism Agency, the overall tourist inflow to Russia has increased by 16.5% compared to the same period of last year, largely due to the flexible price policy of many hoteliers and active development of domestic tourism,” said Stanislav Ivashkevich, associate director of hospitality development at CBRE. “Demand may further rise in the summer months due to the influx of tourists from Asian countries, which are actively visiting Russia in connection with the devaluation of ruble.”
Ivashkevich added that he is optimistic both cities will see occupancy rise by 8% to 10% after the summer months.
Moscow
Tatiana Veller, head of Jones Lang LaSalle’s Hotels & Hospitality Group for Russia & CIS, said hotel occupancy in Moscow exceeded 60% in the first quarter of 2016, which was a 3% increase over the same period last year. Average daily rate also increased 3.6% to 7,700 Russian rubles ($120.26), which caused a 10% increase in revenue per available room, she said

Please refer to 
http://www.hotelnewsnow.com/Articles/54331/Russias-major-markets-primed-for-performance-boosts
     

  Q1 2016 Moscow and St. Petersburg hotel markets results

Moscow, 21 April, 2016 – JLL analyses the Q1 2016 quality hotel market results* in Moscow and St. Petersburg.

According to Tatiana Veller, Head of JLL’ Hotels & Hospitality Group, Russia & CIS, amidst the persisting limited availability of foreign destinations and continued growth of domestic tourism, Russian hospitality market is experiencing positive dynamics. For instance, Q1 2016 showed steady growth in operating performance of most market segments in two Russian capital cities.

YTD market-wide occupancy in Moscow quality hotels increased by 3 p.p. compared to the same period last year, exceeding 60%, while the average rate (ADR) grew by 3.6%, and reached RUB7,700. This resulted in a 10% increase in revenue per available room (RevPAR), to almost RUB4,550. In St. Petersburg, the average market occupancy slightly dropped in Q1 compared with the previous year (by 2.6 p.p.) to 44%, but this is still higher than in Q1 2014. Due to a significant increase in the average rate (by 9%, up to RUB4,000) the RevPAR in St. Petersburg hotels also increased (by 8%), reaching approximately RUB1,800.

Read more at http://www.jll.ru/russia/en-gb/news/566/q1-2016-moscow-and-stpetersburg-hotel-markets-results-the-luxury-segment-sets-records


     

  Online travel has great potential in Russia

Experts say that while Russians love to travel, which is evident with the amount of money travelers spent last year on the industry, language often becomes a barrier. While the younger generations of Russians are keener to travel independently, majority of the travelers look for package travel deals. Travel websites strive to facilitate easy transition for their travelers, building up the trends of better domestic travel, independent foreign travel as well as migrating to online bookings for travel.

Currently, the biggest market for online travel sites lies in flight bookings. Hotel accommodations come at a second, while the overall online market in itself is only 10%, being a very small fraction. However, the growth of sporting events in Russia is currently driving up the interest, as more and more public and private sectors are looking to invest more money in travel infrastructure. The FIFA Cup, the Sochi Olympic Games and the currently on-going Kazan Universiade all help matters, giving rise to construction of new 4 stars and 5 stars hotels, fast-speed trains, new airlines and more.

According to statistics, the larger portion of all money spent on travel in Russia comes from domestic travel; its estimated that there are about 40 million domestic trips a year, as compared to about 25 to 30 million abroad. While a few years back Russians choose only packaged tours to countries like Turkey and Egypt, there has been a shift in interest as more people are now choosing to travel independently to explore more countries in Latin America, Africa, Asia and Cuba, as per experts. And because these trips require a lot more planning, there has been a significant interest in turning to online bookings because it gives access to more information and caters to a well-planned vacation.

Please refer to http://www.tourism-review.com/online-travel-russian-market-has-great-potential--news3788


     

  The First Ever Hospitality Event in Russia
Russia  Hotel Upgrading & Development Forum is an exciting new conference and exhibition that is envisaged to become the most influential event focused on hospitality industry in Russia. With primary focus on Russia high-growth markets,  Russia Hotel Upgrading & Development Forum is where hotel senior executives, government officials, Investors, technology vendors, and thought leaders will come together to network, launch, discover and build valuable new partnerships.

The Russia Hotel Upgrading & Development Forum gathers high level executives from hospitality industry developers, investors, Govermnet , Developers, Regulators,Construction Companies, Archeticts, Solution providers, Financial Institutes and Associations  in a focused 2-day program. Panel discussions and presentations will elaborate investment strategies, commercial challenges, operational efficiency and updated technologies required for guaranteeing customer satisfaction and success.
 
     


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