The hotel market in Moscow in the fourth quarter of 2008 showed a record decline in demand and profitability, writes Kommersant. Compared to the same period of 2007 download numbers fell by 14 percentage points (in December, the average price range is about 52%), and the index RevPar (revenue per room, calculated from the load and the average selling price of rooms) declined by 13% ( In December the average price range of about 1.89 thousand rubles., at the top - 4-4,4 thousand rub.), the study says Colliers International.
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