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RevPAR in Moscow Luxury Hotels during the World Cup 2018 Grew by almost 330%
12.08.2018 20:11
RevPAR in Moscow Luxury Hotels during the World Cup 2018 Grew by almost 330%

Revenue per available room per day (RevPAR) in Moscow luxury hotels during the World Cup 2018 grew by almost 330%, as the Cushman & Wakefield consulting company said.

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      “The main winners were luxury hotels that accommodated FIFA officials, some football teams (and their family members), as well as VIP guests. The Average Daily Room (ADR) in this segment of the market increased by 277% in June, in relation to June 2017 - from 14 to 53 thousand roubles, besides, taking into account the 13% increase in the load, the revenue per room increased by 326.5%, that is, up to 44.7 thousand roubles”, as the message said. The average load of capital hotels during the days of the tournament amounted to 89.1%.

      According to analysts’ data, taking into account the “championship effect”, the average market level of load made up 73.7% for six months, which is by 5.2 percentage points higher than last year’s figure.

Author: Anna Dorozhkina

Tags: book hotels in Russia FIFA Russia 2018    

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