Russie : Russia identified as one of the key hotel markets in 2012
ITB BERLIN 2012
Russia was identified as one of the key markets for growth in the hotel sector for 2012 in a plenary session at the prestigious International Hotel Investment Forum in Berlin. Top industry experts that included Michael O'Hare, Managing Director for Horwath HTL Russia, attended the session, entitled Top predictions for 2012, where should you invest? which looked at the global hotel performance and real estate markets, looking to see what regions showed strong potential for growth over the coming 12 months. Horwath HTL (HTL), the world oldest and largest hospitality-consulting network, is also a sponsor of the International Hotel Investment forum, now in its 15th year.
O'Hare pointed to a number of strong contributing factors that lead to his assessment of the region, specifically highlighting the strong price of oil and above all the chronic undersupply of hotels, particularly in the secondary and tertiary markets in the midmarket and budget sectors.