By the end of 2019, Moscow’s accommodation capacity will grow by around 25 percent, according to Konstantin Timofeyev, Chairman of the Moscow Committee for Construction Investment and Equity Construction. 49 hotels will open within the next three years.
Three hotels will be ready in the third quarter of 2017, with four more by the end of the fourth quarter. Overall, Moscow will expand by 11 hotels totaling 3,064 rooms this year.
“A record number of hotels will begin operating in 2018, that is, 27 properties providing 3,761 rooms. In 2019, we expect 11 hotels to open with a total of 1,311 rooms,” Konstantin Timofeyev added.
Russia is hosting the 2018 FIFA World Cup, which is the main driver of the tourist industry right now. Between 2011 and 2016, 42 hotels opened providing 6,997 rooms. Currently, Moscow’s accommodation facilities include over a thousand properties and around 63,000 rooms.
The number of guests at Moscow hotels have gone up by two million over the past six years (25 percent) and reached 8.8 million per year in 2016. The average occupancy of the city’s hotels is 70 to 75 percent.