KPMG Reports That Total Number of International-Brand Hotel Rooms in Russia is to Double by 2018
LONDON, March 12, 2013 /PRNewswire/ --
According to KPMG's latest Report: 'International Hotel Operators in Russia', the number of international-brand hotel rooms in Russia is expected to more than double from 21,885 in October 2012 to 47,534 by 2018. The growth of the industry accelerated last year, with more than 8 new international brand hotels opening, and plans for a further 27 announced.
KPMG reports that Russia's key business and tourism centres, Moscow and St Petersburg continue to offer the most hotels in Russia. However, the wave of major international events to be hosted in the country over the next few years, such as the 2014 Winter Olympics and 2018 FIFA World Cup, mean that the nominated host cities are preparing to expand their hotel infrastructure. According to the KPMG report, Sochi will provide a significant 13.2% of future supply.
As well as analysing of growth by region, the KPMG report also includes data on the main international hotel chains operating in the country - headed up by Rezidor, InterContinental, Marriott and Accor. This rise of international brands is changing the face of the industry: "High standards of quality and service have become the benchmarks for Russian hotel chains."
The full report is available from Construction iQ's new resource library: http://bit.ly/YmCLf1, launched in conjunction with the upcoming Hotel Design and Development Russia & CIS Summit 2013, an annual forum where industry professionals meet to discuss trends and developments in the industry. The summit is due to take place from 22-24 April, 2013 in Moscow.
The resource library also includes an exclusive interview with the event Chairman, Stanislav Ivashkevich, Associate Director, Hotels Department, CBRE on 'Trends and Opportunities for Hotel Design and Operations in Russia'. In the interview, Ivashkevich shares insight and best practice on successful hotel design, location selection, challenges and solutions when launching hotel operations.
Visit the resource library to download the following content:
* CBRE Interview: Trends and Opportunities for Hotel Design and Operations in Russia
* KPMG Report: International Hotel Operators in Russia
* 2013 Update: The Russia and CIS Hotel Industry
Find the full program, event details and registration information about the Hotel Design and Development Russia & CIS Summit 2013 at http://bit.ly/X3p8YK, call +44-(0)20-7036-1300 or email firstname.lastname@example.org.
Press are invited to attend this important industry forum, if you would like a complimentary press pass please email Helen Winsor at Helen.Winsor@iqpc.co.uk
SOURCE Construction iQ