The almost complete absence of Western travelers to Russia is having a marked effect on the Russian hotel industry, and analysts said the current lack of demand is just as devastating as it was at the height of the pandemic. Domestic business from Russian residents is keeping the country’s hotel industry afloat, after the European Union imposed restrictions on Russians traveling to Europe following Russia’s military invasion of Ukraine in February 2022. European countries such as Finland, Poland and the Czech Republic imposed outright bans on their citizens going to Russia. Hotel News Now>> Investor and developer M&G Real Estate is counting on a slew of upscale features to help fill its “G
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