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Q1 2018 St. Petersburg Hotel Market Overview

In St. Petersburg, the Upscale segment was also a market leader in terms of occupancy - 58%, in the 2nd place – Upper Upscale with 53% of sold rooms. Only the Midscale segment managed to grow rates (ADR increased by 11% compared to last year, to RUB 2400). At the same time, this segment also became the leader in occupancy loss in January-March (lost 2 ppt., to below 36%).

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