Crisis 5 stars

Difficult, almost crisis times have come for five-star hotels in Russia

Crisis 5 stars

Crisis 5 stars

For five-star hotels in Russia, difficult, almost crisis times have come. The lack of tourist traffic, as well as corporate clients, makes them lower prices.  There is hope for the return of wealthy tourists from China, as well as for businessmen from friendly countries who frequent the capital.    I am glad that the interest of the Chinese in traveling to Russia can be supported by the news about the established parallel imports to their usual luxury stores.

But for some it is a crisis, but for  AFK "Sistema" – new opportunities. The company is reportedly acquiring 10 Radisson and Olympia Garden hotels from Norway's Wenaas Hotel Russia AS. The transaction amount will be about 200 million euros.

The list of hotels with more than 4,000 rooms includes: – six hotels in St. Petersburg (Park Inn by

Radisson Pribaltiyskaya , Park Inn by Radisson Pulkovskaya, Park Inn by Radisson Nevsky, Radisson Blue Royal Hotel, Park Inn By Radisson Pulkovo, Olympia Garden Hotel), – two – in Moscow (Park Inn by Radisson Sheremetyevo, Radisson Blu Sheremetyevo Airport), – one – in Murmansk (Park Inn by Radisson Murmansk) and Yekaterinburg (Park Inn by Radisson Ekaterinburg).

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