Russian hotels have increased their sales

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Russian hotels have increased their sales
February 11th. /MEDIA TALK/. According to preliminary data from Rosstat, in 2024, the income of collective accommodation facilities in Russia amounted to approximately 1.04 trillion rubles.

This is 27% higher than in the same period of 2023, when revenues amounted to 821.6 billion rubles. Rosstat's calculations take into account the income of hotels, motels, hostels, sanatoriums, recreation centers and other hotel facilities received from accommodation, meals and additional services. However, taxes such as VAT and excise taxes are not included in the calculations.


Photo: ru.freepik.com

Among the factors contributing to income growth, experts interviewed by RBC noted an increase in the average cost of accommodation. Room prices have increased by 14-20%, depending on the region. The tourist flow has increased - the number of guests in collective accommodation facilities in 2024 increased by 11% compared to the previous year, reaching 85.5 million people.

Despite the growth in revenue, the hotel business faced an increase in costs. The profitability of the sector decreased to 8-12% in 2024. The main reasons were a 30% increase in staff salaries, which led to an increase in the share of labor costs to 65% of total costs. Utilities, food, and infrastructure maintenance have become more expensive.

According to the results of 3 quarters of 2024, investments in tourism in Russia increased 1.5 times last year, we wrote about this in more detail.
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