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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in Russia

Jan 2021

US$990

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Executive Summary

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

2020 IMPACT

Luxury hotels sees record lows due to restricted travel, a lack of tourism, and a significant decline in MICE projects

Luxury hotels sees steep declines in 2020 due to the impacts from COVID-19. The Russian government imposed a self-isolation regime between 30 March and 1 June 2020 and, during this time, the majority of hotels were closed for two months, namely April and May.

Declining consumer incomes place additional negative pressure on potential sales

The financial impacts of COVID-19 have caused the real disposable incomes of Russian consumers to decline more steeply in 2020, following the declines which have already been seen since 2015. Therefore, the ongoing decrease in real disposable incomes, as well as the likelihood of bankruptcies and increased unemployment, have put further pressure on consumers’ purchasing power and, therefore, demand for luxury hotels.

Lotte Hotel Co maintains lead, whilst Hilton leads the way with sanitation thanks to its EventReady with CleanStay programme

As noted in experiential luxury, Lotte Hotel Co Ltd maintained its top place in luxury hotels in 2019, thanks to being well recognised by both domestic and international consumers, offering high standards, well-developed loyalty programmes and effective marketing strategies, with the aim of encouraging returning custom if its services are deemed unique and live up to the high expectations of its affluent guests.

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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

KEY DATA FINDINGS

2020 IMPACT

Luxury hotels sees record lows due to restricted travel, a lack of tourism, and a significant decline in MICE projects

Declining consumer incomes place additional negative pressure on potential sales

Lotte Hotel Co maintains lead, whilst Hilton leads the way with sanitation thanks to its EventReady with CleanStay programme

RECOVERY AND OPPORTUNITIES

Both in-country and global control of COVID-19 required before the category can recover to any notable degree

Wide-reaching financial impacts of COVID-19 set to continue to negatively impact luxury hotels

Players switch their strategies to be more competitively priced in order to re-attract custom

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2015-2020
Table 2 Sales in Luxury Hotels: % Value Growth 2015-2020
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2015-2020
Table 4 NBO Company Shares in Luxury Hotels: % Value 2015-2019
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2016-2019
Table 6 Forecast Sales in Luxury Hotels: Value 2020-2025
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2020-2025

Luxury Goods in Russia - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2015-2020
Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

Megatrends

Country Report

Luxury Hotels in Russia

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Luxury hotels sees record lows due to restricted travel, a lack of tourism, and a significant decline in MICE projects

Declining consumer incomes place additional negative pressure on potential sales

Lotte Hotel Co maintains lead, whilst Hilton leads the way with sanitation thanks to its EventReady with CleanStay programme

Overview

Why buy this report?

SAMPLES

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Overview

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Table of Contents

Luxury Hotels in Russia - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Luxury hotels sees record lows due to restricted travel, a lack of tourism, and a significant decline in MICE projects

Declining consumer incomes place additional negative pressure on potential sales

Lotte Hotel Co maintains lead, whilst Hilton leads the way with sanitation thanks to its EventReady with CleanStay programme

RECOVERY AND OPPORTUNITIES

Both in-country and global control of COVID-19 required before the category can recover to any notable degree

Wide-reaching financial impacts of COVID-19 set to continue to negatively impact luxury hotels

Players switch their strategies to be more competitively priced in order to re-attract custom

CATEGORY DATA

Luxury Goods in Russia - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

SOURCES

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