Business news from Ukraine

Business news from Ukraine

Ukrainian hotel occupancy increased by 39% in Kyiv and 46% in Bukovel – Mishchenko

23 June , 2024  

Ukrainian hotel occupancy in May 2024 increased in Kyiv and Bukovel, while it decreased in Lviv and Odesa, Olga Mishchenko, Project Manager of Hotel Matrix, told Interfax-Ukraine.

“The occupancy of Ukrainian hotels in the first quarter of 2024 increased compared to the same period last year in Kyiv to 39% (+86%), in Bukovel – to 46% (by 13%), decreased in Lviv to 49% (by 14%) and in Odesa – to 23% (- 8%). In Kyiv, there is a positive trend in all indicators – the average daily rate (ADR) increased by 40% to UAH 2689, RevPAR (revenue per available room per day) by 158% to UAH 1041,” she said during the Hospitality Connect conference.

According to Hotel Matrix data, the average daily rate (ADR) for this period also increased in Bukovel – UAH 4190 (+13%), in Lviv – UAH 2729 (+7.15%), and decreased in Odesa – UAH 2126 (-6%).

RevPAR (revenue per available room per day) in May 2014 in Bukovel amounted to 1941 UAH (+30%), in Lviv – 1338 UAH (-8%), in Odesa – 490 UAH (-14%).

According to Hotel Matrix, as of June 2024, there are about 4 thousand three- to five-star hotels in Ukraine with a total of 110 thousand rooms. The estimated market volume as of May 2024 for accommodation services is UAH 2 billion 364.6 million.

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

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