St. Petersburg, 20 December 2022. Fifteen new serviced-apartment facilities have been commissioned in St. Petersburg since early 2022. The new complexes, comprising a total of 8,100 accommodation units, include additions within START, Docklands, Best Western Zoom Hotel and Nachalo projects, as well as three Avenir chain’s apart-hotels – Moskovsky Avenir, Putilov Avenir and Kirovsky Avenir.

Overall, 34 serviced-apartment complexes have been built in St. Petersburg during the past decade, comprising a total of 20,200 accommodation units. It is expected that by the end of the year 3,700 more apartments will be added as part of Digital Village Vertical, In2it and VALO complexes, with most of these facilities to be commissioned in the first two quarters of 2023.

The cumulative growth of categorised hotel inventory in St. Petersburg over the last three years is driven mostly by additions in the apart-hotels segment. Nikoliers data show that in 2022 the city’s traditional hotels guest-room inventory increased by just 215 units within three four-star accommodation establishments, whereas 760 categorised three-start units and 610 four-star units were added to the serviced-apartment inventory over the same period. This year’s openings include Ramada Plaza by Wyndham Saint Petersburg (four stars, part of VALO complex), Best Western Zoom Hotel (three stars), Avenue Apart in Muzhestva Avenue (three stars), Avenue Apart in Maly (three stars), Putilov Avenir (three stars), IZZZI in Bankovsky (three stars).   

Categorised guest-room inventory in the apart-hotel segment currently totals over 6,800 units, with 58% (3,900 units) falling into the three-star category and 29% (2,000 units) into the four-star category, while the rest do not have any star-grade. Thus, three-star and four-star categorised serviced-apartment inventory has reached a level equivalent to a quarter of the three-star and four-star inventory in the traditional hospitality segment (23,100 units).