Download Kiev hotels fell to a minimum

In the 1st half of 2014 occupancy of the hotels was below 30% and this is the absolute minimum for the hotel market of Kyiv. This was reported by David Jenkins, head of hospitality business JLL. "The hotel market in Kyiv is like a roller coaster: after the opening of the first branded hotels - Radisson and Hyatt - early 2000-ies there was fixed the extremely high tariffs at very low load indices. Political and economic instability in recent years, together with a significant increase in the supply of rooms have a significant pressure on rates, while the occupancy rate of hotels and to the current crisis should not exceed 60%," he says. Cancellation of visa regime and carrying out of "Euro-2012" just a little revived the market when it is apparent glut of hotel offer. "Last autumn, the country found itself at the centre of political turmoil, which inevitably affected the performance of the hotels," says David Jenkins. Earlier it was reported that the hotel market in Kyiv is skewed towards higher-end hotels.