Dear readers! We present to your attention the final issue of the LOGISTICS journal in 2024. We have tried to make it rich and interesting. Today, many Russian companies operate under strict sanctions restrictions, which force them to reorient logistics flows. One of the possible solutions to this problem may be the Russia – Mongolia – China economic corridor. Details can be found in the article by Alexandra Kazunina.
Dear readers! We present to your attention the 11th issue of the LOGISTICS magazine, where you will find relevant materials and articles. And again, the focus is on international cooperation. An important event in this area was the International Trade Day 2024 Forum, held on November 7, 2024 in Moscow.
Dear readers! The tenth issue of LOGISTICS journal opens with a large article dedicated to the results of the BRICS Business Forum, held on October 18, 2024 in Moscow. Yulia Kislova, Director of Agency Market Guide LLC and publisher of LOGISTICS journal, attended the event and prepared an article where she paid special attention to international trade and logistical connectivity of the countries of the association. The details are in the room.
Kiev
JLL presents the Q1 2017 Kiev quality hotels market results[1].
“Compared to what we forecasted for 2017 when reporting on 2016 results, quality hotels in the Ukrainian capital are meeting the expectations. The occupancy grew healthily in the first 3 months of the year, actually surpassing the YTD results of the last stable year, 2013 (39%). 40% of quality room stock was occupied in Jan-March this year, vs. 34 last year, and 31 in 2015.” – Tatiana Veller, Head of JLL Hotels & Hospitality Group, Russia & CIS, says.
In terms of rates, average quarterly ADR results continue to give mixed feelings – still growing in UAH terms (probably a result of continued weakness of the national currency, rather than a real market condition change), and still falling in USD terms (to an absolute figure of USD141 vs. USD148 last year and USD151 in 2015). In local currency, quarterly average ADR remained relatively stable compared to a year before (grew by a meagre 7,5 hryvnia) but increased by over UAH 600 compared to 2015, reaching UAH 3,203.
RevPAR though, even USD-denominated, makes one see a recovery in underway. On the back of a stronger occupancy, the average index reached USD57 in the Q1 2017, the highest in the past 4 years (growth by 12.5% YoY). In local currency, obviously, the figure is even more impressive, UAH1,542 which is about 240 hryvnia (19%) higher than last year.
“We connect this growth with such factors like: 1) political situation has been stable for a while, and 2) business is slowly coming back having realized that this is new reality and there’s nothing else to gain by waiting. We now await the second quarter, historically the most active time of the year for the touristic and hotel market of the largest city in Ukraine, with higher occupancies and rates of the year, to see if this is a true trend for recovery.” – Tatiana Veller notes.