Scientific & Practical Journal
Editorial News
Dear readers! We present to your attention the second issue for 2024, on the pages of which you will find a lot of relevant materials.
Dear readers! The editorial board of Logistics magazine changed the phone number to +7 (495) 945-38-20. We remind you that for all your questions, you can contact: info@mg-agency.com
Dear readers! We present to your attention the first issue in 2024. According to tradition, it contains a lot of analytical materials based on the results of 2023. Our permanent partners NF Group have prepared an overview of the warehouse real estate markets in the regions of Russia, Moscow and St. Petersburg.
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Kiev quality hotels market shows stable growth in occupancy fourth year in a row
Kiev
JLL presents the Q1 2017 Kiev quality hotels market results[1].
“Compared to what we forecasted for 2017 when reporting on 2016 results, quality hotels in the Ukrainian capital are meeting the expectations. The occupancy grew healthily in the first 3 months of the year, actually surpassing the YTD results of the last stable year, 2013 (39%). 40% of quality room stock was occupied in Jan-March this year, vs. 34 last year, and 31 in 2015.” – Tatiana Veller, Head of JLL Hotels & Hospitality Group, Russia & CIS, says.
In terms of rates, average quarterly ADR results continue to give mixed feelings – still growing in UAH terms (probably a result of continued weakness of the national currency, rather than a real market condition change), and still falling in USD terms (to an absolute figure of USD141 vs. USD148 last year and USD151 in 2015). In local currency, quarterly average ADR remained relatively stable compared to a year before (grew by a meagre 7,5 hryvnia) but increased by over UAH 600 compared to 2015, reaching UAH 3,203.
RevPAR though, even USD-denominated, makes one see a recovery in underway. On the back of a stronger occupancy, the average index reached USD57 in the Q1 2017, the highest in the past 4 years (growth by 12.5% YoY). In local currency, obviously, the figure is even more impressive, UAH1,542 which is about 240 hryvnia (19%) higher than last year.
“We connect this growth with such factors like: 1) political situation has been stable for a while, and 2) business is slowly coming back having realized that this is new reality and there’s nothing else to gain by waiting. We now await the second quarter, historically the most active time of the year for the touristic and hotel market of the largest city in Ukraine, with higher occupancies and rates of the year, to see if this is a true trend for recovery.” – Tatiana Veller notes.
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