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.
Both Brussels and Frankfurt achieved impressive surges in gross operating profit per available room (GOPPAR) in May of 45.5% and 36.9% respectively thanks to excellent cost control, according to the latest data from HotStats.
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.
Historic location overlooking Manezhnaya Square, steps away from Red Square, St. Basil's Cathedral, the Kremlin and the Bolshoi Theatre
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