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Moscow, 10 October 2013 — Jones Lang LaSalle’ Hotels & Hospitality Group announces the summer and Q1-Q3 2013 Moscow hotel market results.
David Jenkins, Head of Jones Lang LaSalle’ Hotels & Hospitality Group, Russia & CIS, said: “The summer period was strong for most Moscow hotels, and August was certainly helped by the World Athletic Championships. The month of August showed a RevPAR increase (compared to August 2012) of 20% across the city hotels – in every segment – a very impressive result.”
For the three months of June to August, the hotels posted increases of RevPAR compared to the same summer period in 2012 of 6% to 13% depending on the segment. The increases per segment were:• Luxury + 13%• Upper Upscale +7%• Upscale +10%• Upper Midscale +8%• Midscale +6%“All in all this has helped the year to date results following a very slow start. Still, despite the very strong summer, every segment other than the luxury segment is behind 2012 for the first 9 months – a consequence of a very poor first 4 months,” – David Jenkins commented.
Natalia Kopeychenko, Head of PR
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