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Real estate market overview

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31.01.2012

Nearly 1.4 thousand numbers may appear in new hotels of Petersburg until 2015.

Nearly 1.4 thousand numbers may appear in new hotels of Petersburg until 2015. #1

St Petersburg Hotel market may increase by the end of 2015, 1.389 thousand numbers, 70% of which will correspond to the average price category in the budget class, the report says the company Jones Lang LaSalle Hotels.

According to Senior Vice President of the company Jones Lang LaSalle Hotels Marina Smirnova, words which are contained in the report, after the "shock" the four-year period-to-market of new hotel projects in initial or active phase of construction, low.

The report shows that the list at different stages of the design and construction of hotels has been substantially modified after the 2009-2010 biennium.

According to Smirnova, is associated with the lack of available debt financing, reducing the number of active hotel developers, as well as the overall decline in revenues due to increased supply hotels amid unstable demand.

All according to the company in St Petersburg in the period 2012-2015 years, planned to introduce eight hotels-Four Seasons, the Domina Prestige, Indigo, Novotel St Petersburg Centre II, two hotels, Ibis hotels Holiday Inn and Crowne Plaza.

According to the Committee for investments and strategic projects, details of which are given in the report, in the year 2010 in St. Petersburg was 144 hotels, including mini-hotels, with a total number Fund in 19.95 thousand units.

It is estimated that the company Jones Lang LaSalle Hotels, quality proposals in the 2011, was 8.56 thousand numbers, i.e., approximately 60% of the volume of quality proposals.

"In the period from 2008 to 2011 year at 40% of the market was derived quality registration Fund (around 3.44 thousands of rooms), causing considerable pressure on prices and load on the town. Note that this proposal was primarily to medium and high price category "materials.

Among new hotels, completed during the year 2011, the experts of the company are the first in Russia network lifestyle boutique hotel W St. Petersburg at 137 rooms.

"However, despite this rapid increase proposals, St. Petersburg is still inferior to the main European markets in terms of quality of the hotel proposal"-mark analytics company.

Mortgage revive and will take long-term strategy Mortgage revive and will take long-term strategyForty-nine Ukrainian hotels for Euro 2012 will be opened in the current year Forty-nine Ukrainian hotels for Euro 2012 will be opened in the current year

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