Moscow's hotels rank first in Europe in terms of occupancy rate — newspaper - Business & Economy

Moscow’s hotels rank first in Europe in terms of occupancy rate — newspaper
Moscow hotels were filled by 39% in November, while in Istanbul, which topped the ranking a month earlier, this figure plunged to 37.3%, according to the report
© Artyom Geodakyan/TASS
MOSCOW, March 3. /TASS/. Russia’s capital has ranked first in Europe in terms of hotel occupancy rate since November 2020, the country’s Vedomosti newspaper announced on Wednesday referring to the Cushman & Wakefield international consulting company’s report.
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According to the newspaper, Moscow hotels were filled by 39% in November, while in Istanbul, which topped the ranking a month earlier, this figure plunged to 37.3%. In December, Moscow’s hotel occupancy rate climbed to 43.3%, which is over 1.5 times higher than in Turkey’s largest city. In the first month of 2021, this figure in Moscow remained virtually unchanged at 43.6%.

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