Hotels & Motels in Russia

Hotels & Motels in Russia



Summary



Hotels & Motels in Russia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.



Key Highlights



– The hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms.

– The Russian hotels & motels industry had total revenues of $12.2bn in 2018, representing a compound annual growth rate (CAGR) of 3.9% between 2014 and 2018.

– The number of establishments increased with a CAGR of 2.6% between 2014 and 2018, to reach a total of 6,032.0 in 2018.

– The government has announced several packages to develop remote destinations with unique cultures. The federal tourism development program was agreed by the Russian parliament and has been a driver of growth in terms of tourism.



Scope



– Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in Russia

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in Russia

– Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the Russia hotels & motels market with five year forecasts by both value and volume



Reasons to Buy



– What was the size of the Russia hotels & motels market by value in 2018?

– What will be the size of the Russia hotels & motels market in 2023?

– What factors are affecting the strength of competition in the Russia hotels & motels market?

– How has the market performed over the last five years?

– What are the main segments that make up Russia’s hotels & motels market?



Companies Mentioned:

AccorHotels

Radisson Hotel Group

AZIMUT Hotels Company, LLC

Marriott International Inc

Ritesh Tiwari is the Founder of Research By Markets. He has more than 7 years experience in the Market Research industry and a total experience spanning 18+ years. His core experience is in Sales and International Recruitments. Ritesh is a big foodie and a huge football fan, supporting Manchester United (EPL) and FC Barcelona (La Liga). He hardly misses watching any matches when these teams are playing. Get in touch with Ritesh via: enquiry@researchbymarkets.com *Industry Press Release is a part of Research By Markets.