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Learn moreJan 2021
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With luxury hotels closed for several months in 2020 due to COVID-19 and with only a tiny number of foreign visitors over the whole year, luxury hotels had a disastrous year in 2020, with absolute value sales almost halved. Even when the strict lockdown ended, there was no significant increase in value sales, as the majority of luxury hotel guests in Ukraine are foreign visitors and foreign visitor numbers did not pick up at all in 2020.
Luxury hotels in Ukraine is comprised of international chains. The capital city Kiev has the highest concentration of luxury hotels.
A significant increase in the number of luxury hotel rooms is unlikely in the short to medium term. The high-income population remains small, with the middle class still strongly affected by the Russia/Ukraine conflict earlier in the review period and now having to contend with the economic fallout from COVID-19.
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Discover the latest market trends and uncover sources of future market growth for the Luxury Hotels (5-star plus) industry in Ukraine 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 Ukraine, our research will save you time and money while empowering you to make informed, profitable decisions.
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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.