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Hotel development: What is the Russian potential?

17 min reading time

Published on 10/01/09 - Updated on 17/03/22

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It was only six months ago when Russia’s economy hit peak performance, fuelled by high commodity prices, namely oil and gas. Over the last decade, Russia’s political and economical stability endured.

There seemed to be no limits to the country’s potential, exploding on the world stage with major infrastructure projects and a booming purchasing power. In turn, Russia became an attractive playground for foreign investors, in search of a slice of this enormous pie. Today however, as raw product...

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