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Moscow hotels News Archive

"As far as I can remember, I have always been in business," says Shalva Chigirinsky, one of the most prominent Russian developers, head of ST Group. A native of Kutaisi and aluminus of the First Medical Institute, Chigirinsky, in the late 1970s, was known in Moscow as an antique dealer friendly with Moscow's art scene - from Vladimir Vysotsky to Iosif Kobzon. In the 1990s, Chigirinsky became a leading player on the Moscow real estate market and co-owner of the Moscow Oil Refinery. In 2005, Forbes magazine put his personal fortune at about $470 million.

Chigirinsky was the one who invited Norman Foster, a British architect and designer, [see Fact Box] to work on several projects in Russia. Chigirinsky's company also won tenders to modernize the Zaryadye area (the place of the Soviet-era Rossia hotel) and build skyscrapers at the Moskva City business center. In an interview with Moskovskie Novosti, Chigirinsky talks about his further plans. ►Continue reading

The Moscow News, 2006-21-10

In the first half of this year average quality hotel room rates in Moscow have topped $290 per night coming behind to London at $370 per night, and Paris at $345 per night; making Russia’s capital one of the most expensive destinations to stay in Europe and the world.

Over the same period, Moscow’s room rates have soared by 19% on this time last year, surpassing the majority of principle cities in Europe including Rome, Madrid and Berlin.

Mark Wynne-Smith, European CEO, Jones Lang LaSalle Hotels said: ’Moscow has seen a major increase in annual foreign visitors - from 1.5 million to 3.5 million between 1999 and 2005, the figure is expected to reach 5 million by 2010. Foreign travellers requiring Moscow hotels accounted for 1.3 million last year and the demand for quality or modern standard hotels came from the business sector - almost 80%. Corporate and business travel and the demand for high quality accommodation are keeping the room rates high.’ ►Continue reading

http://www.hotelnewsresource.com, 2006-09-29

London, July 2006. Travel experts at Opodo have identified the 'Top 10' up and coming travel destinations, as well as some interesting trend-based insights for travel in 2007.

Neil Mott, UK Country Manager at Opodo commented, "2006 has seen a strong rise in travel to Eastern European countries since whilst being accessible, they still hold a certain 'mystique' for the traveller. Bookings to Bulgaria have risen by 40% in the last 6 months and with the prospect of joining the EU in January '07, we expect to see a significant increase in the number of tourists heading there to take advantage of the euro. Russia will also continue to grow in popularity for those looking for their next Eastern European adventure, an insight which is apparent from the 24% increase in bookings so far this year." ►Continue reading

www.opodo.co.uk, July 2006

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