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2014 St. Petersburg Hotel Market Update – Q3

The first 9 months in St. Petersburg have been very hard to predict this year. It was initially expected that St. Petersburg would see a deeper impact of the Crimean crisis and subsequent sanctions but in fact it has been Moscow that was hit hardest. For the period of January to August the city was down only 4% in RevPAR, compared to 10% down in Moscow. 

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