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H1 2018 | Russia | St. Petersburg | Hotel Market

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During first six months of 2018, the quality room supply in St. Petersburg was replenished with 7 new hotels, including two hotels from international brands: Holiday Inn Express – Sadovaya and MENNINGER Hotel Nikolsky. New supply growth reached its peak since 2011 with the volume of 897 rooms. The average occupancy rate in St. Petersburg's hotels was 65% in H1 2018, which is 1 p.p. higher than for the same period last year, while ADR increased by 2% - to 6,620 RUB/night (excluding breakfast and VAT).

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H1 2018 | Russia | St. Petersburg | Hotel Market

Download Report