This summer, the average hotel room yield in Moscow has grown more than 2.6 times — up to 14,800 rubles, compared to the same period last year, according to a press release by JLL.
“In the summer of 2018, the average hotel occupancy in the Moscow market has increased up to 85% against 81% last year, ADR (average tariff - editor’s note) has grown by 143%, reaching an unprecedented level of 17,400 rubles, which increased the yield per room (RevPAR ) by 163%, up to 14,800 rubles”, the report says.
The luxury segment has become this summer the leader on income flows per room among other segments of the Moscow market. It has seen a threefold increase, up to 45,000 rubles. In August, 74% of the luxury hotel room supply was sold (compared to 66% last year), with the average tariff amounting to 18,000 rubles against less than 16,300 rubles a year earlier.
In August, the average hotel occupancy in Moscow has reached 83%, showing an increase of 4.9 percentage points compared to the same period last year.