News for the Hospitality Executive
Ukraine's Capital Kyiv Shows World's Largest Decline in Hotel
January 10, 2011 -- Ukraine's capital Kyiv topped the rating of the
world cities which have experienced the steepest fall in the hotel room
rates in January this year, the Australian HotelsCombined.com web-site
reports. According to the web-site, the average room rate in Kyiv
hotels has dropped by 23 percent from 124.7 to 96 USD per night.
Moscow and New York, where the room rates have dropped by 19.8 and 17.9
per cent respectively, placing them 4th and 5th in HotelsCombined's
rating. The average room rates are 121.51 USD in Moscow and 179.2 USD
in New York.
Nowadays, Kyiv is
putting a lot of effort into developing its hotel infrastructure. Five
years ago, there was only one 5-star hotel in the 3-million-inhabitant
capital of the country with a population of 46 million. Today Kyiv's
five-star hotels include Premier Palace, Intercontinental, Hayatt and
According to the
Director of the "Institute of the General Plan," a public institution
responsible for the city's strategic planning and development, Serhiy
Bronevytsky, there will be 20 new hotels opened before EURO-2012. As
reported earlier, Kyiv will host the championship's final game.
To stimulate the construction of new hotels, last year the Ukrainian Parliament introduced the exemption of all 3-, 4-, and 5-star hotels built up until 1 September 2012, from the corporate income tax for 10 years.
Worldwide News Ukraine
More About Your
News Being Published on Hotel-Online Inquire Here
Hotels & Resorts Signs Management Agreement to Operate a Hotel
Currently Under Construction in the Ukrainian Capital of Kyiv /
|Swissôtel Hotels & Resorts Takes a Look at its History and a Look to the Future / January 2010|
|Swissôtel Hotels & Resorts to Open its First Hotel in the Middle East: Swissôtel Makkah in Saudi Arabia / October 2009|