Lodging retail current value sales declined by almost half during 2020. Demand for lodging collapsed as inbound tourism stalled and regulations regarding movement within Russia undermined domestic travel.
Alternatives to hotels, like campsites, will see strong demand growth during 2021, but the retail current value sales of campsites will remain well below their 2019 level. The number of campsites is set to rise strongly during the year and exceed its 2019 level.
Retail current value sales of lodging will continue to rebound strongly during 2022, but they will not exceed their pre-pandemic (2019) peak until the latter part of the forecast period. The main drivers of this recovery will be hotels in major cities like Moscow and St Petersburg, as well as Black Sea coastal resorts like Sochi.
Local consumers will continue to be main driver of growth in demand for hotel accommodation for most of the forecast period. This will make it difficult for hotels to raise their pricing, as domestic consumers generally have much lower purchasing power than international travellers to Russia.
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Lodging (Destination)
Lodging (Destination) covers the main types of lodging used by inbound and domestic tourists, providing a destination point of view (also known as point of supply). Lodging value is measured in terms of the price paid for lodging by the consumer and businesses based on total room sales. It does not include food and drinks or any other form of revenue that is not directly related to lodging, such as events and conferences and guest services, such as gym, spa, shop, room service, restaurant and café. Lodging volume is measured in terms of number of outlets and rooms at year end, and room nights as total of the full year.
See All of Our DefinitionsThis report originates from Passport, our Lodging (Destination) research and analysis database.
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