Business news from Ukraine

Business news from Ukraine

JLL: OCCUPANCY OF KYIV HOTELS INCREASES BY 4% TO 43% IN Q1

The occupancy of Kyiv hotels in the first quarter of 2018 increased by 4 percentage points compared to the same period a year earlier and amounted to 43%, the press service of Jones Lang LaSalle (JLL) consulting company in Ukraine has said. “The operational indicators of the hotel market of the Ukrainian capital are gradually recovering. Even in first quarter, which is not traditionally active, dynamics is visible: the average market occupancy in the period from January to March increased by 4 p.p. compared to the previous year, to 43%, against the backdrop of tariff growth,” the head of the JLL hotel business department, Tetiana Veller, said.
According to JLL, the average tariff for staying in the top segment hotels in January-March increased by 8% compared to the first quarter of 2017 and amounted to $160, while in the middle segment this indicator increased by 18%, to $68. At the same time, the occupancy of expensive hotels remained at the last year’s level of 40%, while occupancy at middle segment hotels rose by 3 p.p., to 50%.
According to JLL’s forecasts, in the second quarter it is worth expecting an increase in the operating indicators of the capital hotels in connection with the Champions League final, as well as other cultural and business events. Jones Lang LaSalle provides financial and comprehensive professional services in the field of real estate. The company’s turnover in 2017 was $7.9 billion. The portfolio in real estate management is 423 million square meters. The company has about 300 corporate offices in more than 80 countries around the world, uniting more than 82,000 employees.

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UKRAINE INTERNATIONAL AIRLINES PERFORMS FIRST KYIV-DELHI FLIGHT

Ukraine International Airlines (UIA, Kyiv), the country’s largest air carrier, has performed the first flight along the Kyiv-Delhi route.
According to an Interfax-Ukraine correspondent, the aircraft departed on May 1 at 20:50 Kyiv time and arrived at around 06:00 Indian time. The occupancy was about 100 passengers, while about 245 tickets were sold on the return flight.
The flight will be operated four times a week and soon, according to UIA Vice President for Commerce Serhiy Fomenko, five times a week.
Previously the company noted that flights from Kyiv will be on Monday, Tuesday, Thursday, and Friday. And return flights from Delhi will be on Tuesday, Wednesday, Friday, and Saturday on board Boeing 767-300 aircraft with three classes of service – business, premium, and economy – to/from Delhi International Airport (Indira Gandhi International).
“Delhi will be the fifth long-haul route in the UIA network and the second point connecting Ukraine with the countries of the Indian subcontinent,” UIA Corporate Spokeswoman Yevhenia Satska said.
As reported, the minimum cost of a ticket in both directions, taking into account all fees and taxes, from Kyiv starts from UAH 14,849 (the price may vary depending on the hryvnia to U.S. dollar exchange rate fluctuations), from Delhi from $529.

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