BUSINESS NEWS

Five-star Kyiv hotels enjoying rising room rates as Ukraine welcomes more visitors

The Business Week/UkraineInvest
Saturday, 15 December 2018 19:37

The average price of a room in one of Kyiv’s five-star hotels rose in 2018 by approximately 15% compared to the previous year according to an industry survey carried out by the Ukrainian branch of Colliers International.

The average price per night for a room in the Ukrainian capital’s most expensive hotels is now around EUR 150, which still makes it one of the most competitive five-star options in Europe. Meanwhile, occupancy rates have reached the 45% to 50% bracket, representing further progress in the steady improvement that has been visible since the industry lows of 2014.

The four-star category enjoyed slightly higher occupancy rates of up to 58% and an average daily rate of EUR 80, while three-star hotels in the Ukrainian capital were up to 65% full on average this year, with room rates of under EUR 50.

Kyiv is experiencing rising visitor numbers as it emerges as an attractive city break destination thanks to growing flight connections and positive media coverage of global events hosted in the Ukrainian capital such as the 2017 Eurovision Song Contest and the 2018 UEFA Champions League Final.

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