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Minsk Hotel Market Update - October 2014

Minsk is the capital of Belarus. The key business partner continues to be Russia. As a hotel market it is mostly corporate guests from Russia and the CIS region, as well as a degree of casino related business. It has been traditionally hard to develop in Minsk. Today there is a new Renaissance opened (operated by Interstate) as well as a franchised Crowne Plaza. 2,500 more new branded rooms are expected by  2018 (Kempinski, Hyatt, Marriott, Hilton, Doubletree by Hilton, Hampton by Hilton, Novotel, Mercure, Holiday Inn and others in process). This will dramatically change the face of the city in hotel terms and severely saturate the market for many year to come.

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