• Moscow hotels were at 37% occupancy which is 40 p.p. (or 52% lower) than 2019 occupancy.
  • ADR demonstrated 10% decrease resulting full year 2020 compared to 2019 and amounted to 6.7 thousand RUB.
  • On average RevPAR declined by 61-67% across segments. The most significant RevPAR contraction can be seen in the luxury segment – minus 67%.
  • The start of vaccination and market dynamics allow to show “moderate” optimism and forecast stabilization in mid-2021.
  • Two branded hotels entered the market - Movenpick Moscow Taganskaya and Holiday Inn Express Moscow - Khimki Go Park. Several hotel openings were postponed to 2021.