Russia: Risks, room shortage greet developers | hotelnewsnow.com

International hotel companies are salivating at the prospect of growing their portfolios in Russia, but opening a hotel in the country is not an easy task. One of Russia’s biggest attractions is the fact that it faces a serious undersupply of quality hotel rooms. Moscow, a city of 12 million people, has only about 6,000 Western-standard beds, compared with Paris, which has 100,000 beds, and London with 90,000, according to Scott Antel, a...