Resort fee – first results and forecasts / Comment / CRE

On April 1, St. Petersburg began charging a resort fee; It is expected that the decision will extend to most other popular tourist regions in the summer. The measure may affect professional facilities in the hospitality industry, players predict: in order to maintain occupancy, hotels will begin to move into “gray” schemes, and tourists themselves will give preference to unclassified projects, apartments or apartments for daily rent.

Arina Dovzhenko, Partner, Head of the Real Estate and Construction practice at Nordic Star, assessed the first results of the initiative and their impact on the hospitality industry and the hotel real estate market in Russia.

You can read the commentary on the CRE website (in Russian).

Arina Dovzhenko

+7 931 210 09 55
St. Petersburg