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Developers Rethinking Russia?

Lodging experts believe the ongoing Georgian conflict is making hotel chains nervous.

By Carl Cronan | Updated on October 15, 2008

( Click here for details on the next GlobeSt.com Webinar, “Hotel Operations: Solid Gold Strategies in a Down Market.”)

Russia can be considered the last great frontier for international hotel operators in many respects, largely because the supply of available rooms is still catching up to growing demand. However, geopolitical events in recent months could make some hotel chains reluctant to put more beds there.

Russia’s Aug. 8 invasion of Georgia caused a ripple around the world regarding foreign relations with the former Soviet Union. Even as European Union and United Nations organizers attempt to settle the ongoing conflict, hotel sector experts believe the previous rush to build rooms could be quickly reversed.

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