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Vladivostok Hotel Market Update - September 2014

Vladivostok is the main trading gateway of Russia's Far East and the industrial, economic, transportation, cultural and administrative centre of Primorsky Kray. Vladivostok is also the largest military installation in the Russian Far East. The city and region was boosted by infrastructural investments in the lead up to the APEC summit in 2012, with roads, bridges, new airport, Aeroexpress and the new University complex on Russkiy Island all coming as a consequence. These have been mostly political investments and the economy remains mostly as was prior to the summit.

According to JLL, there are 23 hotels (1,900 rooms) in Vladivostok (excludes 1,200 rooms in University). Occupancy in Vladivostok sits at 52%, ADR is at RUB 3,000.

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