Russia, Poland and Ukraine are expected to increase their room supply by adding 18 percent (32,700 rooms) on top of their existing supply, increasing room supply across Eastern Europe, according to data from STR Globals June pipeline report. These three countries combined will account for 46 percent of Eastern Europes future room supply.
The 130-room Courtyard by Marriott Sarajevo is expected to open in mid-2015 and will operate under a franchise agreement with Lake d.o.o. and Interstate Hotels & Resorts.
Choice Hotels International, Inc. (NYSE: CHH) announced that it has expanded its international portfolio by welcoming its first ever property in Turkey. Clarion Hotel & Suites Istanbul Sisli, a newly built hotel, is located between the Levent and Taksim business areas and close to the cultural sightseeing spots in Istanbul.
Data for the pre-summer period confirm handsome growth for European tourism in 2014 and there is growing optimism that the upcoming peak-summer season will consolidate preliminary positive expectations. As competition in the global tourism market heats up, European destinations can win a new edge by challenging traditionally-held perceptions by travellers in distant markets.
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