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.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Lodging (Destination) industry in Russia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Lodging (Destination) industry in Russia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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 Definitions
This report originates from Passport, our Lodging (Destination) research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!