Wednesday, October 4, 2023
26 C

Total capacity down by 0.9%

(−19%) New & Renovated Hotels • 2020/19

At the end of the year 2020, the total number of collective accommodation facilities in Russia reached 27,328 objects. This represents a 3.4% decrease year-over-year.

The total capacity of all collective accommodation facilities amounted to approximately 2.47 million persons (down by 0.9%), with the average of 91 persons per facility. The total footage was approximately 21.95 million square meters of living area (down by 1.2%), not taking into account bathroom zones, or 803 sq. m per facility on average.

Taking into account hotels only, the amount of newly built or renovated facilities in Russia reached 11,711 persons of capacity. This represents a 19.2% decrease year-over-year. Of this amount, the lions share of 96% was new construction, while only 4% was commissioned as renovated facilities.

Collective accommodation facilities include hotels and similar accommodation facilities (motels, hostels and other hotel-type organizations), specialized accommodation facilities (health resort organizations, holiday homes, boarding houses, campsites, recreation centers, tourist camps, cruise and pleasure boats, railway sleeping wagons, land and water transport converted into accommodation facilities, also country health camps for kids are included.

The number of newly built or renovated hotels and other similar collective accommodation facilities is a key factor shaping the demand for hospitality furniture, in the short to medium term. We are tracking this indicator more closely, including the performance by various regions of Russia and type of facility, within our extended Market Reports.


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Macroregional Context