The Russian government introduced a new law amendment in 2019 that will tighten controls on short-term rentals. From 1 October 2019 a ban was introduced on using residential premises in an apartment building for providing hotel services.
In 2018, several amendments were made to the federal law regulating hotels in Russia. For example, operators are now only allowed to provide hotel services if they have a “category certificate” to prove that their services are of a particular standard.
While the average unit price in hotels declined in 2019, after the increases recorded in both 2017 and 2018, it has not returned to the pre-2018 levels. The growing fiscal burden as well as the increase in VAT – from 18% to 20% – created tougher conditions for operating in Russia in comparison with 2018.
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Discover the latest market trends and uncover sources of future market growth for the Lodging industry in Russia with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Travel And Tourism market research database.