Eastern Europe Hotels in Growth Mode
Russia, Poland and Ukraine are expected to increase their combined room supply by 18 percent (32,700 rooms), boosting room supply across Eastern Europe, according to data from STR Global's June pipeline report. These three countries combined will account for 46 percent of Eastern Europe's future room supply. By the end of 2014, Russia is expected to open 4,355 rooms, while Ukraine and Poland expect to open 1,004 rooms and 817 rooms, respectively. By the end of 2015, Russia is projected to open 5,519 rooms, while Poland will open 1,654 rooms and Ukraine will debut 274 rooms. Additionally, in 2016 and 2017, Russia is expected to open 46 hotels, adding another 10,000 rooms to its supply.