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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in Russia

Feb 2019

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

FIFA World Cup set to continue to drive sales

In 2018, Russia host did the FIFA World Cup, which took place in various Russian cities. This boosted tourist flows and leading players’ value sales.

Local immersion, customisation and transformation among the main drivers

In 2018, while high standards and comfort were important to luxury travellers, following global trends, such consumers also sought authentic experiences, and better travel customisation and digitalisation. Increased demand for local immersion means that wealthy travellers from all over the world want to try all the best local experiences while receiving all necessary safety and comfort.

Slowdown of affluent tourist flows remains the main treat

Luxury hospitality development largely depends on flows of affluent foreign tourists, which in 2018 remained limited by several factors. Firstly, international loyalty programmes are not yet readily available in Russia.

COMPETITIVE LANDSCAPE

International chains dominate luxury hotels

Well-known global chains such as Starwood Hotels & Resorts Worldwide Inc, Lotte Hotel Co Ltd, Four Seasons Hotels Ltd, AccorHotels Group, Kempinski AG and The Ritz-Carlton Hotel Co LLC together continued to dominate the category and maintain flows of affluent consumers due to high standards, well-developed loyalty programmes and effective marketing strategies. For example, the use of digital influencers and brand ambassadors to foster brand recognition among certain customer groups.

Loyalty and conceptualism as the main features

It is not a secret that loyalty programmes are crucial for luxury hotels. Due to more advantageous conditions, the majority of luxury hotels in Russia are concentrated in the two biggest cities – Moscow and St Petersburg – which benefit from constant flows of business travellers and affluent tourists.

Further development and new players expected

No significant changes in competitive rankings are expected over the forecast period. However, greater investment in hotels and land development is anticipated, especially in travel destinations that became better-known after the FIFA World Cup.

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Overview

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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Hotels (5-star plus) industry in Russia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Hotels (5-star plus) industry in Russia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Hotels (5-star plus) in Russia market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Hotels (5-star plus) in Russia?
What are the major brands in Russia?
What is the rate of development for chained hotels vs independent hotels?
How are luxury hotels performing compared to mid-priced and budget hotels?
Is there an increase in hostels and campsites?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our

Travel and Tourism market research database

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Luxury Hotels in Russia - Category analysis

HEADLINES

PROSPECTS

FIFA World Cup set to continue to drive sales

Local immersion, customisation and transformation among the main drivers

Slowdown of affluent tourist flows remains the main treat

COMPETITIVE LANDSCAPE

International chains dominate luxury hotels

Loyalty and conceptualism as the main features

Further development and new players expected

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2013-2018
Table 2 Sales in Luxury Hotels: % Value Growth 2013-2018
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2013-2017
Table 4 NBO Company Shares in Luxury Hotels: % Value 2013-2017
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2014-2017
Table 6 Forecast Sales in Luxury Hotels: Value 2018-2023
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2018-2023

Luxury Goods in Russia - Industry Overview

EXECUTIVE SUMMARY

High economic uncertainty limits growth

Increase in tourist flows and tax-free launch contribute to sales growth

International brands confidently penetrate

Economic difficulties determine shrinking distribution

Prospects remain volatile

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2013-2018

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2013-2018
Table 10 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 12 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 13 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 15 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

Megatrends

Country Report

Luxury Hotels in Russia

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

FIFA World Cup set to continue to drive sales

Local immersion, customisation and transformation among the main drivers

Slowdown of affluent tourist flows remains the main treat

COMPETITIVE LANDSCAPE

International chains dominate luxury hotels

Loyalty and conceptualism as the main features

Further development and new players expected

Overview

Why buy this report?

SAMPLES

Delivery

Overview

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Table of Contents

Luxury Hotels in Russia - Category analysis

HEADLINES

PROSPECTS

FIFA World Cup set to continue to drive sales

Local immersion, customisation and transformation among the main drivers

Slowdown of affluent tourist flows remains the main treat

COMPETITIVE LANDSCAPE

International chains dominate luxury hotels

Loyalty and conceptualism as the main features

Further development and new players expected

CATEGORY DATA

Luxury Goods in Russia - Industry Overview

EXECUTIVE SUMMARY

High economic uncertainty limits growth

Increase in tourist flows and tax-free launch contribute to sales growth

International brands confidently penetrate

Economic difficulties determine shrinking distribution

Prospects remain volatile

MARKET INDICATORS

MARKET DATA

SOURCES

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