Moscow hotel market

Vocabulary

18. Study the vocabulary.

    to boast	хвастать, гордиться
    to demolish	сносить, разрушать
    to estimate estimate estimated	оценивать, прикидывать, подсчитывать приблизительно оценка, смета, калькуляция примерный, расчетный,
    to evolve	развивать, развиваться
    flexible	гибкий, подвижный, маневренный
    market market share market scale segment Midscale & Economy Upscale Upper-Upscale Luxury	рынок доля рынка рыночный ценовой сегмент среднеценовой и экономичный сегмент  сегмент цены выше среднего высокий ценовой сегмент люксовый сегмент
    occupancy full occupancy occupancy rate	загрузка номерного фонда 100% загрузка номерного фонда уровень загрузки номерного фонда
    guestroom inventory, guestroom stock	номерной фонд
    to supply supplies supply supply and demand a supplier	поставлять, осуществлять поставки поставки предложение спрос и предложение поставщик

19. Translate the sentences.

1. According to Moscow City Government estimates, the current number of tourists visiting Moscow is around 2.9 million per year, and this is estimated to reach 5 million within the next decade.

2. The market of mid-scale and budget hotels has not developed to satisfy the demand of both Russian and foreign middle-class business travelers.

3. Part of the clientele that stays at upscale hotels would move to less expensive properties if supply were offered.

4. Moscow currently boasts 40,373 hotel rooms, with international hotel chains managing 27 percent of the rooms, or 40 hotels.

5. Some of the old Soviet-time hotels have either already been demolished or closed, thus significantly decreasing Moscow’s total room inventory.

6. Alternative solutions for the lodging industry, offered by hostels and private apartments for rent, are increasing their market share.

7. The supply for alternative accommodation is evolving.

8. Hostels and private apartments are making the market more flexible and can easily satisfy changing customer needs.

9. Among the 175 hotels presently open in Moscow, no more than 30 offer Western-style accommodation. These properties are distributed among upper-scale class, mid-scale and economy.

10. While occupancy rates in three-star hotels are almost the same as in the upper-scale, occupancy rates in the budget category are over 80 percent.

11. Budget hotels remain the most affordable tourist accommodation in Moscow and therefore have no difficulty reaching close to full occupancy.