The quantity of numbers in the closed hotels of Moscow has exceeded quantity of numbers in open hotels

According to the newspaper "Business" the quantity of rooms in the closed hotels of Moscow has exceeded quantity of rooms in open hotels almost on 6 thousand rooms.

Experts are assured that such situation will last still at least till 2008, until then yet do not start many declared projects, among them is the construction of new hotels in a place of hotels "Intourists" and "Moscow". For now the average price of the room has grown by 2005 on 34 % and, possibly, will be growing approximately with the same rates  for two next years.

Initially existing deficiency of hotel rooms in Moscow is aggravated with gradual reduction of already operating number fund of a city which occurs for the closing account on reconstruction of old hotels. The total number fund of "reconstructed" hotels essentially exceeds total number fund of the hotels placed in operation that has led to formation there is nobody number vacuum, the senior vice-president of company Jones Lang LaSalle Hotels Marina Usenko ascertains. In aggregate with other factors the appeared vacuum provokes a rise in prices for numbers in Moscow. In comparison with 2004 in 2005 room rate growth in a segment of hotels of the modern standard has made 34 %, and the average price of number - about $240, adds Marina Usenko.

The hotel fund of Moscow is estimated at level of 35 thousand rooms whereas in London and Paris this indicator essentially above and makes 90 thousand and 75 thousand rooms accordingly. Thus considerable parts of the hotel market - 33 % of capital number fund - occupy hotels of old construction, obsolete and not corresponding to the existing quality standards. Qualitative five-star hotels make approximately 7 % of hotel rooms, four-star hotels - 20 %, three-star hotels - about 40 %.

Among the basic hotels which closing became especially notable for a city, experts name hotel "Russia". On throughput and loading the hotel can be compared to "Russia" Space (1777 numbers) today only. The most serious failure in the tourist market of Moscow will be while new investors of "Space" will close hotel on reconstruction ", - experts consider. Probably that approximately in two years the situation will start to vary and the essential gain of hotel fund will be observed. In 2008 should start such projects, as were" Intourist "and" Moscow. However as it will be lux-class hotels, they will not solve the general shortage of places of placing in capital. The first segment of the hotel market in which deficiency will be covered; - five-stars hotels, further four-stars. In last turn deficiency of number fund will be liquidated in low liquid segment three-star hotels. Similar activity of developers in the most expensive segment is caused first of all by higher profitableness under numbers and, accordingly, short times of recovery of outlay. Development of the hotel market of capital also desire of developers to minimise term of return of investments brakes.

Source: the newspaper "Business"