The report provides market analysis, information and insights, including:
Russia is recording a strong economic recovery, with its GDP anticipated to grow by around XX% in 2012. The services sector is expected to contribute significantly to the recovery process, and Russia's accommodation industry has evolved gradually over the last decade, with investments in the region resulting in the expansion of existing hotels and the opening of new ones. Foreign direct investment in Russia has increased dramatically since 1995, driving industrial activity and employment growth. Other structural economic changes such as improvements in airport and road infrastructure have resulted in increased demand for hotels. The US is the primary source of foreign investment in the country, while Canada accounts for around XX% of total FDI, demonstrating the significance of North American sources for investment in Russia. The country's stable economy, favorable investment environment with low economic and financial risks, and strong peso compared to the US dollar are attracting many North American investors to the country.
This report provides an analysis of the accommodation market in Russia: