Hotel Development In Russia: A Progression Or Regression In 2010?
A continuing imbalance between supply and demand will characterize the Russian hotel market in 2010, writes MICHAEL O’HARE, Managing Director of HORWATH HTL HUNGARY & RUSSIA. In principle, that should mean that projects will go forward at a good pace. Yet many of the country’s structural obstacles stubbornly remain in place.
A continuing imbalance between supply and demand will characterize the Russian hotel market in 2010, writes MICHAEL O’HARE, Managing Director of HORWATH HTL HUNGARY & RUSSIA. In principle, that should mean that projects will go forward at a good pace. Yet many of the country’s structural obstacles stubbornly remain in place.
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