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 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Synopsis
Essential resource for top-line data and analysis covering the Russia hotels & motels market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Key Highlights
- The hotels & motels industry value consists of all room revenues generated by hotels, motels and other accommodation providers through the provision of accommodation. The value does not include non-room revenues, such as casinos, shops and telecommunication services.
- The Russian hotels & motels industry's total revenue valued of $8.2bn in 2016, representing a compound annual rate of change (CARC) of -8.6% between 2012 and 2016.
- Industry consumption volume increased with a CAGR of 5.6% between 2012 and 2016, to reach a total of 5,792.0 establishments in 2016.
- The Russian industry has been affected by geopolitical tensions and economic turmoil. The average price of accommodation declined massively in recent years, whilst occupancy rates only witnessed improvements over 2015 and 2016. In particular, the large depreciation of the Ruble, Russia's local currency, spurred demand from foreign tourists during that period. Simultaneously, that depreciation reduced the outflow of Russian tourists to other countries, leading domestic tourism to register gains. The strong growth of supply until 2015, which outpaced demand, was a key contributor to fall of prices.
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 2016?
- What will be the size of the Russia hotels & motels market in 2021?
- 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?
