This publication focuses on the market of wellness resorts of Sochi, Russia. In light of heightened media attention to Sochi, we examine the market evolution caused by the recent social & economic changes and development opportunities in the market.
In April, the Asia/Pacific regions occupancy ended the month with a 0.5-percent decrease to 68.6 percent, its average daily rate dropped 2.3 percent to US$127.20 and its revenue per available room was down 2.8 percent to US$87.22.
The region reported a 3.4-percent increase in occupancy to 65.7 percent, a 0.7-percent increase in average daily rate to US$171.29 and a 4.0-percent increase in revenue per available room to US$112.46.
In April, the Americas region reported a 3.5-percent increase in occupancy to 63.8 percent, a 3.4-percent rise in average daily rate to US$112.31 and a 7.0-percent growth in revenue per available room to US$71.67.