The Kiev hotel market has been somewhat of a roller-coaster since the first branded hotels opened earlier in the 2000’s – the Radisson and the Hyatt. Extremely high rates were aligned to disappointing occupancies. Ongoing political and economic struggles over the past few years alongside a boost in hotel supply has put strong pressure on rates, with occupancies still below 60% in general until the current crisis. Both the dropping of the visa regime and the hosting of UEFA football championships have done little to stimulate the market – if anything this has stimulated an oversupply of hotels. Since last autumn, the country has of course been embroiled in major turmoil which inevitably has severely impacted hotel performance.
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