Industry Update
Performance22 March 2019

Horwath HTL Industry Report: Baku, Azerbaijan

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Horwath HTL

Gergely Bálint, of Horwath HTL Hungary has written the latest market report on Baku, the capital city of Azerbaijan.

Baku has more than its nine 'climate zones' and oil industry to boast about at the moment. Hotel development is booming as the market begins to appreciate the economic upside offered by tourism.

Diversification of hotel products to attract more leisure travellers to the country, extends the booking period and minimises the reliance on corporate travel.

Related Document

Horwath HTL Industry Report: Baku, Azerbaijan

Gergely Bálint, of Horwath HTL Hungary has written the latest market report on Baku, the capital city of Azerbaijan. Baku has more than its nine ‘climate zones’ and oil industry to boast about at the moment. Hotel development is booming as the market begins to appreciate the economic upside offered by tourism. Diversification of hotel products to attract more leisure travellers to the country, extends the booking period and minimises the reliance on corporate travel.
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About Horwath HTL

Horwath HTL is the world"s largest hospitality consulting brand with 45 offices across the world providing expert local knowledge. Since 1915 we have been providing impartial, specialist advice to our clients and are recognized as the founders of the Uniform System of Accounts which subsequently has become the industry standard for hospitality accounting. We focus one hundred percent on hotels, tourism and leisure consulting and have successfully completed over 16,000 projects.  If you have any questions, please contact James Chappell, Global Business Director at [email protected].

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