-
Energy Efficiency Improvement Profitable Credits
As of today Ukrainian companies consume energy three times as much than mid-sized EU companies consume for making the same product. Owing to help of a number of international finance and government organizations Ukrainian private companies have an opportunity to obtain a profitable credit for implementing energy saving technologies. Hotel industry may also expect receiving…
-
The Crimea and Western Ukraine will become Ukrainian Las Vegas
Ukrainian casinos, which were shut down due to decision of previous government in 2009, will work legally now. Special conditions will be determined for starting gambling business in resort destinations of the Crimea and Western Ukraine. «Special conditions will be determined for starting gambling business in resort destinations of the Crimea and Western Ukraine. According…
-
“Stars” as a Recompense for Interests on Credit
The Vice Premier Minister of Ukraine Boris Kolesnikov declared that hotel owners and investors having converted hotels into the 4 and 5 star will get recompense for interests on credit. Due to Vice Premier government has already started accepting applications for recompense. This decision should be made by Cabinet of Ministers for allocation the necessary…
-
Experts has Counted How Much Foreign Tourist Spends per Day in Ukraine
World Travel Organization calculated that in average each foreign tourist spends $200 – $300 per day in Ukraine. According to Deputy Culture Minister Yuriy Artemenko this sum includes hotel, food, taxi, museums expenses.
-
Complete Restructuring of Hotels & Resorts Market
Complete restructuring of the hotels & resorts real estate market is about to start. CJSC Ukrprofzdravnitsa is going to offer the wholesale of trade union sanatoriums and core investors may expect a considerable discount on the retail resale of sanatoriums. As is known this year a number of promising objects of The Federation of Trade…
-
Abolition of Income Tax for Food & Beverage Industry
The Deputy Prime Minister of Ukraine Boris Kolesnikov announces authorities’ intention to exempt restaurant business from income tax for 5 years for promotion of its development within the preparation of Ukraine to Final Part of the European Football Championship 2012. This includes all restaurants and cafes in Kiev, Kharkov, Donetsk and Lviv regions. Moreover, a zero income tax…
-
EURO 2012 and Hotel Business of Ukraine
A man who has committed a mistake and doesn’t correct it, is committing another mistake. Confucius Many events and actions of government and local partners towards foreign investors caused occurrence of distrust and subjective attitude of global business community to Ukraine. Now there is an opportunity to improve the situation. EURO 2012 is the chance to…
-
How to create a Hotel Chain in Ukraine
Present article includes analytical and practical product of building a Greenfield hotel chain including procedure description of organization and realization of hotel investment project. When the hotel turns from lifework into a kind of assets and commercial property, there will be necessity of professional management and integration of hotels into a hotel chain Due to…
-
Exemption of Ukrainian Hotels from Income Tax
Verhovna Rada of Ukraine registered a draft law № 6309 “About amendments made to some laws of Ukraine for the purpose of development and preparation of hotels for the Final Part of the European Football Championship 2012 in Ukraine”. The main point is exemption from income tax of 3-5* hotels which was reconstructed, repaired or…
-
Roadside Hotels of Ukraine – Reality
Mass automobilization, highway development and absence of quality services on Ukrainian roads results in investment attractiveness of roadside hotels and motels in Ukraine. Ukraine is situated on the crossroad of Eurasian traffic streams, its territory makes up 5,7 % of Europe’s territory and 0,44 % (43-d place in the world) of the world’s one. Ukraine has a…
-
Strategy of Investing into Hotel Business in Ukrainian Environment
Hotel business is one of the main components of Ukrainian economy. Effective functioning of hospitality sector is an indicator of positive changes in national economy, important precondition of country’s international relationship intensification and integration into the world community. The unique natural and climatic resources, historical and cultural heritage are obvious factors for the growth of…
-
Forecast of Hotel Business
The Economic Recession did not Avoid Ukrainian Hotel Market To European Football Championship 2012 in Ukraine about 200 new hotels should be built. However for today the pace of hotels reconstruction and building does not coincide with requirements of UEFA. Considering the situation on European and world credit markets the plans of local and foreign…
-
EURO-2012. Hotel Business Development of Ukraine
In Chinese the word “crisis” has to meanings. First – dangerous, the second one is opportunity. Having overcome deep crisis in the 90- s caused by structural, political and economic changes of the country today Hotel market of Ukraine is investment attractive. After the collapse of Soviet Union such world known companies as Hilton Hotels…
-
Reality of Hotel Business in Ukraine. Figures & Facts
(Based on the speech of Dr. Nickolay Mayger on hotelforum, 2008, in Munich www.hotelforum.org ) Geographical and geopolitical location At 603,700 km (233,074 sq. mi) and with a coastline of 2,782 km (1,729 mi), Ukraine is the world’s 44th – largest country. It is the second largest country in Europe (after the European part of Russia, before metropolitan France). It is a…
-
Investment attraction of Ukrainian hotel sector
Today hotel sector in Ukraine shows the impact of investment supply from foreign and domestic investors. Hotel business in Ukraine is at the infant stage, but the analyses show that in recent years this sector develops stable and dynamically and has huge potential and prospects, however it’s still one of the most underdeveloped segments of…
-
Factors of Ukrainian hotel business development (published by National Hotel Executive)
Ukrainian hospitality business is at the stage of its development and by every year becomes one of the most dynamically developing and profitable fields of the country’s economy. Undoubtedly that it became possible on the basis of total political, economic, social, demographic, geographical, ecological, etc., factors. String of pronounced facts indicates it. One of the most significant factors of…
-
Trends in the Hotel Business of Ukraine (published by National Hotel Executive)
Ukrainian hotel business remains one of the most underdeveloped segments of the real estate market. Hotel infrastructure does not satisfy the demand for hotel services neither in quantity nor in quality. Most hotels were built 30-40 years ago and since then have not been renovated and is below international standards. In spite of this fact,…
-
Franchise in hotel industry of Ukraine (published by National Hotel Executive)
There is paradoxical market situation currently in Ukraine. Demand for hotel services is much higher than market can offer by all the indexes and forecasts. Hotel real estate market in Ukraine shows extremely low supply rate along with deficit of good quality rooms together with high booking rate. Many factors influence hotel industry today. The main one is lack of experience in development of hotel projects. This business is not attractive to Ukrainian investors because it is capital-intensive (payback period can be up to 15 years long depending on project, hotel quality and market situation). Running…
-
Factors of hotel business development in Ukraine
The development of one or another field depends on a number of factors. The hotel industry isn’t an exception. Enumerating factors that have influence on the development of hotel industry, it is necessary to differentiate the factors, resulting from the place of hotel sector in economy system and specific conditions of this industry functioning in…
-
Outlook of the hotel networks development in Ukraine
Hotel services sector is presently one of the most dynamically developing in Ukrainian economics. Unsatisfied demand on various hotel services gives excellent opportunities to independent hotel networks – they can enter the Ukrainian market successfully and thus implement the strategy of strengthening their influence in the hotel sector. Some peculiarities of certain market sectors make…
-
Outlook of the hotel chains development in Ukraine (published by National Hotel Executive)
Hotel services sector is presently one of the most dynamically developing in Ukrainian economics. Unsatisfied demand on various hotel services gives excellent opportunities to independent hotel chains – they can enter the Ukrainian market successfully and thus implement the strategy of strengthening their influence in the hotel sector. Some peculiarities of certain market sectors make it impossible to provide single…
-
Hotel Business in Ukraine: Chances and Challenges
The hotel industry is one of the most attractive markets in Ukraine to make an investment in. Having survived the acute crisis of the nineties caused by structural, political and economic changes in the country’s economy the industry is currently characterized by a high level of business activity. Unsurprisingly the current situation in the hotel…
-
Franchising Opportunities in Ukraine
There are only one active Ukrainian Hotel Management Company and several International ones in the Ukrainian hotel sphere. The current situation clearly shows that usage of franchising opportunities in the development of hotel business in Ukraine means entering market with low number of competitors and is highly attractive. The following characters of the hotel sphere…
-
Strategy for Hotel Investment in Ukraine
There are no doubts that hotel sphere of Ukraine is highly attractive. But only the investment based on reliable state of the market information, reliable market forecast, well thought-out plan and correctly chosen strategy for investment will have the highest efficiency. Today any company which considers investing in business in Ukraine considers the high-profitability and…
-
Mini-hotels: the sector development prospects in Ukraine (published by National Hotel Executive)
The mini-hotel category includes all kinds of hotels with up to 30 rooms. However there is no clear-cut difference between the concepts of a mini-hotel and a hotel. There exist mini-hotels with 45 rooms as well as small hotels with less than 30 rooms. It is not only the number of rooms that plays an…
-
Hotel business in Ukraine: trends and prospects (published by National Hotel Executive)
Hotel business is one of the most promising and successful business areas in Ukraine. Orientation toward European service standards and vigorous transition to such standards make up the distinctive feature of this sector. Similarly to any other economic activities, the hotel business aims at increasing its income and looks for tools and efficient ways to…
-
Prospects of Hotel Franchising in Ukraine (published by National Hotel Executive)
The tourism industry in Ukraine demonstrates the fast rates of growth for an extended period of time. For the last 5 years industry growth has come to 12-15 %; growth of internal tourism has made 5 %, the number of foreign tourists has increased by 19% in 2003 and by 10 % in 2004. The…
