Developers return to the realization of hotel projects. In Q1 2019 Riviera House on 15 Sagaydachnogo St was commissioned after reconstruction. In 2020, hotel Ibis and Adagio City Aparthotel at 55 Peremohy Avenue are scheduled for opening. The main market indicators are stable with a tendency for gradual growth. The average rack rate in high priced segment has not changed significantly, in 3 * hotels the price has increased by 25% compared to the Q1 2018. According to hoteliers, a significant growth of hotel occupancy rates in Kiev is not expected. Mostly business tourists visit Kyiv, which effects the dynamics of the occupancy rate on weekdays, and its decrease on weekends.
1Q 2019 Kyiv Market Overview Hotels
Date Published: 14/05/2019