Business news from Ukraine

Kyiv hotel occupancy rate was 35% in first quarter

13 May , 2024  

The occupancy of Ukrainian hotels increased in the first quarter of 2024 in Kyiv and Odesa, and decreased in Lviv, Olga Mishchenko, head of the Hotel Matrix project, told Interfax-Ukraine.

“The occupancy of Ukrainian hotels in the first quarter of 2024 increased compared to the same period last year in almost all regions where the study is underway. In Kyiv, the growth is up to 35.44% (+64%), in Bukovel – to 53.91% (by 33%), in Odesa – to 21.85% (+5%). We note a decrease in the occupancy rate of Lviv hotels – down to 40.15% (- 20%),” she said.

According to Hotel Matrix, the average daily rate (ADR) for the period under review in Bukovel amounted to UAH 5909 (-3%), in Lviv – UAH 2865 (+2%), in Kyiv – UAH 2201 (-8%), in Odesa – UAH 1827 (+6%).

RevPAR (revenue per available room per day) in the first quarter of 2014 in Bukovel amounted to UAH 3185.8 (+29%), in Lviv – UAH 1150.2 (-20%), in Kyiv – UAH 779.65 (+52%), in Odesa – UAH 339.3 (+1%).

“We see that Lviv has a negative trend in terms of occupancy and revenue per available room. At the same time, there is a bright increase in RevPAR in Kyiv hotels (+52%),” Mishchenko highlighted the main trends of the quarter.

Hotel Matrix is a web-based hotel analytics product developed by experts from Poland and Ukraine. It was launched in May 2020. To date, more than 200 hotels in Ukraine, Poland and Kazakhstan have been connected to Hotel Matrix.

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