19.8 C
Moscow
Wednesday, June 29, 2022
spot_img

Supply of serviced apartments up by 13%

(+1%) Hospitality Properties in St. Petersburg • Jan-Dec 2021/20

From January to December 2021, the number of high quality hospitality units in Saint Petersburg reached 23.7 thousand units located in 147 hotels (objects ranked 3★ to 5★ with more than 50 rooms considered). In terms of units, this represents a 0.9% increase year-over-year.

In 2021, 4 new hotels were opened with a total room stock of 437 units.

At the end of the reporting period, the international hotel chains manage 39 hotel facilities with a total number of rooms of 10.3 thousand units.

In the meantime, serviced apartments continue to increase the volume of supply on the market, with a growing share in the total volume of the city’s room stock. A distinctive feature of this segment is the availability of offers not only in the format of short-term rental (the most typical format for hotels), but also in medium-term and long-term rental formats.

At the end of 2021, the room stock of serviced apart-hotels in the Saint Petersburg hotel rental market increased by 13% year-over-year, to 7.8 thousand units. Within the same time period, the volume of commissioned rooms decreased by 2 times (1,224 units in 2021 vs. 2,691 in 2020).

The number of high quality hotel units and apart-hotels, newly built or periodically renovated, is a key factor shaping the demand for hospitality furniture. We are tracking this indicator more closely within our extended Market Reports.

Related Articles

(+5%) Accommodation Room Stock • 2021/20

At the end of the year 2021, the total room stock of collective accommodation facilities in Russia reached approximately 1.03 million units, up by...

(+13%) New & Renovated Hotels • 2021/20

At the end of the year 2021, the total number of collective accommodation facilities in Russia reached 28,979 objects. This represents a 6% increase...

(+2%) Restaurants, Cafes, Bars • 2020/19

At the end of the year 2020, the number of restaurants, cafes, bars in Russia reached 89,735 facilities. This represents a 1.9% increase year-over-year....

LATEST MARKET STUDY

spot_img

COVID-19 CASES

Russia
191,821
Total active cases
Updated on 28.06.2022 21:11
18,424,105
Total confirmed cases
Updated on 28.06.2022 21:11
381,002
Total deaths
Updated on 28.06.2022 21:11
17,851,282
Total recovered
Updated on 28.06.2022 21:11

CURRENCY EXCHANGE RATES

RUB - Russian Ruble
EUR
60.9451
USD
58.3750

Latest Articles