Euro 2012 news

In the first half of 2010 the average price for a room category of "standard" in Kiev's hotels fell by 9% -22% (depending on hotel category), compared with the end of 2009.

According to lower the cost of accommodation affected by the change of the euro against the dollar, as prices in hotels 4-5 * exhibited primarily in that currency. "In the first half of 2010, the average price for a room category of "standard" in Kiev's Hotel Level Three Stars was recorded at a rate of $95 per night in hotels with four stars - $205, hotels five star - $448,"
- the report says.

"To maintain the target level of occupancy and increased loading of hotels, more than half the hotels in Kiev (category 3 *- 5 *) have introduced special offers "Weekend" (package offers a discount to stay 30-40%), summer discount (discount for accommodation 10-30% in summer), as well as become more flexible in group orders"
-experts say.

"Lack of quality accommodation causes a higher value of Kiev rooms as compared to hotels of the same networks in the U.S., Europe and Asia. Profitability and return on the hotel segment still remains significantly higher than in developed markets - the report said. - In Kiev operate three hotels managed by international hotel operators – four stars hotel (Radisson Blu) and two five-star hotels (Hyatt Regency, InterContinental) ".

Given the current pace of construction of projects, as well as their readiness, the discovery of previously announced, according to experts, the discovery in 2010, hotel facilities will be postponed to 2011. Most likely, the end of 2010 in Kiev will open only one hotel category three star Ibis running international operator Accor Group.

"Despite several measures taken by the government to stimulate the development of new hotels in anticipation of Euro 2012, a mass opening of new facilities to top championship is not expected. A number of projects that are actively negotiating with hotel operators, most likely, there will be no earlier than 2013, that is connected, as the process of obtaining the necessary permits, design according to the standards defined operator, construction, and with the time needed to search and training "
- note the experts.

According to 2010 it is planned to begin construction of five hotels. Erection of hotel Swissotel Kyiv (operator - Fairmont Raffles Hotels International, 5 *, 513 rooms) was launched in the II quarter of 2010, and the expected date of opening of accounts for the II quarter of 2012.
Sofitel (operator - Accor Group, 5 *, 292 rooms) will begin to build in the III quarter of 2010, as of the date of opening of the hotel no data.
Hotels intersection of Blvd. Shevchenko str. Gonchar (AZIMUT Hotels Company, 4 *, 230 rooms) are planning to start building in the IV quarter of 2010, and plans to open in the IV quarter of 2012.

Hotel was Crown Plaza (InterContinental Hotels Group, 4 *, 225 rooms) will begin to build in the III quarter of 2010, and led to the operation of the facility promised in the IV quarter of 2012.
Hotel was in Leipzig (4 *, 192 rooms) are planning to start building in the III quarter of 2010 and open in the II quarter of 2012.
Etap Hotel (operator - Accor Group, 2 *, 200 rooms) will begin to build in the second half of 2010, and promised to open in the IV quarter of 2011.
As reported earlier, in 2010-2011 in Kiev plan to open four new sites of hotel real estate, adding room fund capital at 715 rooms.

As reported earlier, in 2010-2011 in Kiev plan to open four new sites of hotel real estate, adding room fund capital at 715 rooms.

This is such data reported of Korrespondent.net company Knight Frank LLC Ukraine in the review of commercial real estate market in Kiev for the first half of 2010.