The luxurious Grand Hotel Europe in St. Petersburg, Russia – owned and operated by the legendary Orient-Express, has re-opened ten historic suites after a painstaking restoration project.
Located on the hotel’s Historic Floor, each suite has its own Russian historic name, with an interior to match, and reflects the rich history of both the hotel and [...]
Shangri-La Hotels and Resorts has signed an agreement with China Huaming International Investment Corporation to manage an hotel in Moscow, the group’s first property in Russia.
Set to open in 2012, the 400-room hotel will occupy the top floors of a 42-storey main building in the Park Huaming Business Centre in Moscow – a new major [...]
Moscow has experienced the first signs of the economic downturn, with a five-point drop in chain hotel Occupancy Rate (OR) for 2008, reaching 70%. Average Daily Rate (ADR) ended the year at €251, only a 5% increase compared to 2007, whilst Revenue per Available Room (RevPAR) decreased slightly to €175.
“These performance indicators released by our [...]
