According to a recent real estate market research, Yekaterinburg hotels are conventionally seen as a less attractive type of property compared with trade centers, offices, and warehouses. However, the hotel market has been on the rise thanks to the city’s status of both industrial and cultural center of the Urals. At the same time, there are currently very few nice quality rooms and premium class suites that the local hotels can offer, while most people who come to look for a room are the so-called business travelers.

There are sixty-two hotels in Yekaterinburg altogether; 20% of them have ten or fewer rooms, 40% have ten to fifty rooms, 25% have fifty to one hundred and fifty rooms, and 8% have more than one hundred and fifty rooms. The total number of hotel rooms available in the city is estimated at more than 3,500.

Most hotels only manage to find customers for 50% to 60% of their rooms, and a few hotels are doing better: the figure comes to 70% for them, thanks to plenty of business travelers.

Medium-range hotels will charge you 2,000 to 3,000 RUR a day for a regular room and 4,500 to 7,000 RUR for a better quality room. As for the first class hotels, prices vary from 3,000 to 4,000 RUR a day.

This information was presented in a report drawn up by Cushman & Wakefield Stiles & Riabokobylko.