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2017 | Year-end review | Russia | St. Petersburg | Hotel Market

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During 2017 two hotels operated by international hotel operators with total volume of 388 rooms have appeared in St. Petersburg. The weighted average annual ADR increased 5.5 % (RUB6,407/night excluding VAT and breakfast). Average revenue per room (RevPAR) also showed positive and stable growth (+5.5% y/y) after a sharp increase in 2016 (+21%).

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2017 | Year-end review | Russia | St. Petersburg | Hotel Market

Download Report