Cosmos Hotel aims to capture 15-20% of the hotel market by 2026

Vladimir Petenyov
News editor
press@blackterminal.com
Cosmos Hotel Group plans to occupy 15-20% of the Russian hotel market by 2026. Now the company's share is about 10%. Cosmos Hotel's revenue in 9 months of 2023 reached up to ₽9.1 billion, increasing 2.3 times. OIBDA in 3.4 times, up to ₽3.3 billion. Average annual occupancy of the company's hotels in 2023 amounted to 59%.
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Source: interfax.ru
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