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Moscow, 1 August 2013 — Jones Lang LaSalle’ Hotels & Hospitality Group announces the H1 2013 St. Petersburg hotel market results.
The key month of June was positive for all hotels with occupancy and rate coming in higher than June 2012 over all segments. “A record June in terms of occupancy and average rate for the Luxury and Upper Upscale hotels in St. Petersburg cannot hide the fact that the overall trend in the city is down year on year for both segments. It is the Midscale hotels that are showing impressive growth in the first 6 months of 2013,” - reports David Jenkins, Head of Jones Lang LaSalle’ Hotels & Hospitality Group, Russia & CIS.
Results in brief:• In June 2013 Luxury hotels reached an ADR over RUB 26,000;• Upper Upscale saw occupancy of 77% in June;• With ADR close to RUB 5,000 Upscale segment seems to be offering good value for corporate clients to drop down from segments above;• RevPAR growth of 19.5% for H1 2013 in Upper Midscale;• Midscale saw the ADR growth to RUB 2,800.
St. Petersburg Hotel Market in details
Natalia Kopeychenko, Head of PR
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