Tuesday, August 28, 2012

Russia attractive market for luxury hotels



Published on Aug 27, 2012 by
For the past eight years, Moscow has been topping the list of cities with the most expensive hotels.

And it turns out this segment STILL has some growth potential.

The world's biggest luxury-hotel chain Starwood -- which operates in Russia under brands Sheraton and Le Meridien -- plans to open another 5 hotels in the next three years

Our correspondent Lynsey Free talked to Starwood's global CEO about the company's plans in Russia.

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