Saint Petersburg hosts 46% of Russia's high-quality apartment-hotel stock amid national…

Saint Petersburg currently hosts 46% of Russia's high-quality apartment-hotel stock, comprising 65 buildings with 9,100 rooms. The city is attracting investment, having drawn 59% of all Russian investments in hotel real estate in the first nine months of 2026. This local growth contrasts with a broader national trend where overall investment in the industry across Russia fell by 60%, totaling 18 billion rubles. By the end of 2026, the city plans to add two new four-star facilities to its inventory.

The tourism market in Saint Petersburg is showing a significant shift toward short-term rentals, with apartments accounting for 29% of all visitor accommodations during peak season. This trend has caused the market share of traditional 3- to 5-star hotels to dip from 31% to 30%. The city is also attracting the majority of Russian investments in hotel real estate.