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This year clearly sees the business activity returning to Moscow. Impact of sanctions has so far been a double-edged sword. On one hand, it led to the Western European and US demand fleeing from Moscow hotels. On the other hand, it brought in other types of tourists – domestic businessmen and wealthy Russian leisure travelers, Chinese tour groups. Market-wide occupancy grew by 4 p.p. (to 68,8%) YTD vs. 2014.
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16 November 2015