Support The Moscow Times!

Post-Olympic Sochi Sees Winter Hotel Boom

Hotels in the post-Olympic resort of Sochi had a much better winter this year than last as a weaker ruble made the city's newly revamped facilities a more appealing deal for Russian snow sport enthusiasts.

Occupancy rates in hotels in Sochi's Krasnaya Polyana ski resort climbed 29 percent in the first quarter of the year compared to the same period in 2014, real estate consultancy Jones Lang LaSalle (JLL) said in a report.

Total occupancy stood at 61 percent, up from 47 percent during the same period last year, according to JLL.

"Good snow conditions, increased prices to fly to the Alps, good weekend business [and] public holidays" all helped Sochi hotels drum up business, David Jenkins, the head of JLL hotels and hospitality group, was quoted as saying.

Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.