"International Hotel Operators in Russia

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The growth of the hotel industry in Russua accelerated last year, with more than 8 new international brand hotels opening, and plans for a further 27 announced.

LONDON - According to KPMG's latest Report: "International Hotel Operators in Russia", the number of international-brand hotel rooms in Russia is expected to more than double from 21,885 in October 2012 to 47,534 by 2018. The growth of the industry accelerated last year, with more than 8 new international brand hotels opening, and plans for a further 27 announced.

KPMG reports that Russia's key business and tourism centres, Moscow and St Petersburg continue to offer the most hotels in Russia. However, the wave of major international events to be hosted in the country over the next few years, such as the 2014 Winter Olympics and 2018 FIFA World Cup, mean that the nominated host cities are preparing to expand their hotel infrastructure. According to the KPMG report, Sochi will provide a significant 13.2% of future supply.  

As well as analysing of growth by region, the KPMG report also includes data on the main international hotel chains operating in the country - headed up by Rezidor, InterContinental, Marriott and Accor. This rise of international brands is changing the face of the industry: "High standards of quality and service have become the benchmarks for Russian hotel chains."