Table of Contents
Introduction
Data Sources
Overview
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- Demographic trends
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- Figure 1: Trend in Russia’s population, 1995-2100
- Population ageing
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- Figure 2: Trend in the age segmentation of the Russian population, 2011 and 2050
- Economy and currency
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- Figure 3: Economic aggregates for Russia, 2010-17
- Outlook for spending on travel and tourism
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- Figure 4: Outlook for travel & tourism-related spending in Russia, 2011-17
- Arrivals and overnights
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- Figure 5: Incoming tourist arrivals, by region/selected country, 2006-10
Market Size, Trends and Performance
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- Figure 6: Trend in the number of transient accommodation establishments* in Russia, 2005-16
- Figure 7: Hotel performance for Russia and Moscow year-to-date September 2012 & September 2011
- Historical performance by major urban market
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- Figure 8: Trend in occupancy, ADR & RevPAR in the principal urban hotel markets in Russia, 2007-11
- Figure 9: Moscow hotel market performance, 12 months to end-November 2011 and 2012
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Major Hotel Markets in Russia
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- Figure 9: Major hotel markets in order of branded room capacity, 2011
- Moscow
- Competition heating up due to new supply
- A shortening booking window
- High season in spring and autumn
- Booking moving online
- Moscow hotels increasing leisure share
- Occupancy has recovered but rates remain low
- Developments in 2012
- New hotels in 2012 and 2013
- An active transactions market but limited foreign interest
- St Petersburg
- A business-traveller market with a strong leisure component
- Future demand drivers
- Supply growth
- Chain penetration
- Competition increasing
- Yekaterinburg
- Mainly a business-traveller market
- Sochi
- Massive increases in hotel capacity
- Lack of five-star supply
- Hotel prices capped for Olympics
- Kazan
- Samara
- Rostov-on-Don
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Hotel Value Trends
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- Figure 10: Trend in Russian hotel values by major city, 2007-17
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Chain Penetration
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- Figure 11: Russian hotel chain market shares (ranked by number of operating hotel properties), 2008-11
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Hotel Chain Profiles
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- Accor
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- Figure 12: Accor’s Russian hotel portfolio, 2013
- Amaks Hotels & Resorts
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- Figure 13: Amaks’ hotel portfolio by location, 2013
- Azimut Hotels
- Differences between hotels in Russia and Europe
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- Figure 14: Azimut’s Russian hotel portfolio, 2013
- Moscow and St Petersburg properties
- Growth outlook
- Best Western debuts in Russia
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- Figure 15: Heliopark’s hotel portfolio, 2013
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- Figure 16: Hilton’s Russian portfolio by brand & city, 2012
- Figure 17: Hilton’s Russian pipeline by brand & city, 2012
- Hyatt Hotels & Resorts
- Three in pipeline
- InterContinental Hotels Group
- IHG plans for 100 hotels in Russia and CIS by 2020
- An IHG Academy for Moscow
- InterContinental returns to Russia
- Interstate
- Russian portfolio
- Sochi pipeline
- Intourist Hotel Group
- Hotel portfolio
- Hotel Cosmos
- Kempinski
- Hotel Nikol’skaya Kempinski Moscow
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- Figure 18: Marriott’s Russian hotel portfolio, 2013
- Marriott to grow Russian portfolio by 50% by 2015
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- Figure 19: Marriott’s Russian pipeline, 2013
- Three hotels for Sochi
- A first Marriot hotel for Voronezh
- Rezidor
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- Figure 20: Carlson Rezidor’s Russian hotel portfolio, October 2012
- Rezidor opens Radisson Blu Resort & Congress Centre, Sochi
- An active pipeline
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- Figure 21: Carlson Rezidor’s Russian hotel development pipeline, 26 September 2012
- Starwood Hotels & Resorts
- Swissôtel expanding in Russia
- A hotel for Kazan too
Management Contracts in Russia and the CIS
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- Profit guarantees not common practice
- Non-disturbance the norm
What Next?
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- Massive hotel expansion planned for Moscow
- Accommodation providers for 2018 FIFA World Cup
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- Figure 22: Accommodation requirements by city for 2018 FIFA World Cup, 2012
- Vladivostok gaming complex to target Chinese
- Minimum investment of US$2 billion
- Ten-day visa-free travel
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