Both Hilton Worldwide and F
airmont announced hotel developments in Russia as both companies look to benefit from what’s expected to be a continued increase in travel spending in the country.
Hilton reached agreements for four new hotels to be developed by 2014. Next year, the 158-room Hilton Garden Inn Volgograd is scheduled to open, and a 432-room Doubletree by Hilton at Moscow’s Vnukovo Airport is slated to open in 2013.
Later that year, the 156-room Hampton Volgograd Profsoyunzyaya is scheduled to open its doors, folloed by the 202-room Hilton Kazan in 2014.
Meanwhile, Fairmont will debut in Russia when the 236-room Fairmont PekinMoscow opens in 2017. The developer will renovate the Pekin Hotel, which was built in 1955 by noted Soviet Union architect Dmitry Chechulin.
The new hotel will have about 10,000 square feet of meeting rooms as well as a spa and fitness center.
Some North American hotel companies are looking to Russia for growth as both Russian and non-Russian travel spending is expected to increase.
The Russian Federation last year was the world’s fastest-growing market in terms of international tourist spending, according to the United Nations’ World Tourism Organization.
Moscow remains the world’s most expensive city in terms of hotel room rates, according to Hogg Robinson Group. For hotel and hospitality news, follow Danny King on Twitter @dktravelweekly.