40 new budget hotels will be opened In Moscow

According to the Department of Coordination of Construction of the Hotels, it’s about 40 new budget hotels will be built up until 2013. The hotels won’t be started from point zero, some city hostels will be just re-equipped.

«The program of the reconstruction of some hostels with the purpose to re-equip them into the hotels will be developed in Moscow in the nearest future. The guests of Moscow will be able to have a comfortable accommodation for a reasonable price. It will help to recommence the domestic tourism», underlined Vladimir Ermolaev, the Head of the Department of Hotels Construction of Moscow. It’s planning to open 17 hotels in 2011 and more than 20 hotels in 2012 in the framework of this program.

According to the experts, there is a great necessity of budget accommodation in Moscow. The businessmen prefer to build 5 star hotels instead of budget 3 star ones. It can be explained by the low profitability. The hotel of the average category can be repaid only in 10–15 years.