Despite steady domestic demand, Russian hotels feel weight of major labor shortage
Russia growing inbound international tourism from Asia, Middle East
Russia has spent more than two and a half years at war and in isolation from much of the Western world. While its hotels see a steady wave of domestic demand, Russia's hospitality ...
Inflation has dealt Turkey’s hotels a major blow during traditional peak summer season
Turkey partly lost allure as an affordable destination
Average hotel occupancy in some regions of Turkey has fallen below expectations during its typically busy summer season, and hoteliers say inflation is to blame.
European Hospitality Industry Faces Looming 'Chain-ification'
Average Hotel Room Size Growing Due to Closing of Iconic European Guesthouses
Small, family-owned hotels are still numerous throughout the European hospitality market, but recent investment data suggests the existing status quo is unlikely to last.
Demand Declines, Threat of Higher Taxes Loom Large Over Hotels in Baltic Nations
Hoteliers in Estonia, Latvia and Lithuania Hope for Better Times Ahead
The recovery of the hospitality industry in the Baltic countries of Estonia, Latvia and Lithuania has been among the slowest of the post-pandemic era in Europe, and some hoteliers ...
Investors Hesitant To Put Money Into Central Asian Hotels Despite Positive Trends
Uzbekistan, Kazakhstan Lead Way in Investment and Tourism Potential
Several Central Asia countries — sometimes collectively referred to as The Stans — have rolled out ambitious tourism industry development programs, hoping the region can gain a foo...
Russia's Isolation Affecting Russian Hotel Firms in Similar Way to Pandemic
Russian Hotels Surviving, Though Top-End Segments Miss International Guests
The almost complete absence of inbound Western travelers to Russia is having a marked impact on the Russian hotel industry, and the lack of demand now is just as devastating as it ...
Greece's Hotel Industry Thrives Despite Economic Headwinds, Lack of Russian Travelers
Seasonal Hotels Especially Face Massive Labor Challenges
Greece and its surrounding islands in the Aegean, Ionian and Mediterranean seas, including the Greek-influenced part of Cyprus, have experienced a remarkable recovery from the pand...
Russian Travel Ban Not Derailing Central European Hotels Recovery
Spa Resorts Bear Biggest Demand Setbacks Due to Ongoing Ukraine Tensions
The hospitality industry in Central and Eastern Europe has felt only a moderate impact from the Russian travel ban and relative proximity to Ukrainian battlefields, though some res...
Turkey Earthquake Devastation Includes Hotel Industry That Had Just Recovered
Travelers From Other Countries Step Up as Russia-Ukraine War Limits Tourism From Traditional Markets
Editor's note: Some sources for this story were interviewed before the Feb. 6 earthquakes.
Hoteliers Make Case for Greece as Top Mediterranean Destination
Country's Hotels Vie With Turkey, Spain for Tourists
Building a strong tourism rebound in 2021, hoteliers in Greece are prepared to compete with other Mediterranean destinations for tourists as the world opens up more to internation...
Russian Hoteliers Brace for Consequences From Ukraine Crisis on Industry's Recovery
Moscow, St. Petersburg Hotel Rates Have Steadily Increased, but Rest of 2022 Uncertain
The Russian hospitality industry experienced an exceptional rebound in 2021, but rising geopolitical risks make an anticipated return of foreign tourists questionable and prospects...
Egypt Leads North African Hotel Industry Recovery
Egypt Hotel Market Fully Open After Limiting Occupancy
With most COVID-19-related restrictions being lifted and international tourism flows having strongly recovered, the hospitality industry in Egypt is performing well above expectati...
Turkey's Hotels Benefit From Return of International Tourists
Hotels Traditionally Catering to Russians and Germans Have Returned More Quickly Than Those Reliant on Brits
The United Kingdom’s recent shake-up of foreign travel rules has bolstered the Turkish hospitality industry, prompting many hotels to extend their autumn season, but the industry s...
Russian Hotels Show Recovery Trend With Help of Mandatory Vaccination Policies
Moscow, St. Petersburg Markets Report Improved Hotel Performance
Russia's two biggest markets have seen improvements in hotel performance over the last several months.
Ukraine’s Reikartz Hotel Group Opens Hotels, Grows Portfolio
Country's Largest Hotel Operator Added Three Hotels During Pandemic
Ukraine’s largest hospitality company Reikartz Hotel Group is looking beyond domestic markets to international expansion opportunities to grow the portfolio of hotels it operates, ...
Cosmos Pairs Investment, Structure To Stay Ready for the Hotel Recovery
Russian Hotel Company Works in Tandem With Its Own Travel Agency
The Russian hospitality market is braced for a swift rebound, making now the perfect time to invest in new projects and capacity expansion, according to the leaders of Moscow-based...
Demand, Vaccine Fuel Optimism For Russia's Hoteliers
Moscow, St. Petersburg Face Different Challenges in 2021
Hoteliers are increasingly returning to investment projects in Moscow and St. Petersburg that were paused during the worst period of the COVID-19 pandemic.
North African Hoteliers Believe Worst Is Over
The Northern African hospitality industry has been hit hard by COVID-19, but hopes are mounting around resumption of international flights and opening of prime tourist destinations.
REPORT FROM NORTH AFRICA—Egypt, Morocco and Tunisia have been almost completely stripped of international tourists since the beginning of the pandemic, but some hoteliers are begin...
Increased Russian Spending Benefits Sochi Over Summer
Hotels in Sochi, Russia, have reported high occupancy during the last several months despite the global COVID-19 pandemic as domestic demand soared.
SOCHI, Russia—Despite the delay to the start of the holiday season, hotels in the south of Russia have made it through summer with soaring tariffs and close to 100% occupancy.
Turkish Hoteliers Anxious for Foreign-traveler Return
Resumption of international flights might save a part of the season for Turkish hoteliers, who said they have never seen their hotels as empty as they are this year.
ISTANBUL—The Turkish hospitality industry is showing some initial signs of optimism following a severe hiatus brought about by the COVID-19 outbreak, according to sources, who are ...