Russia Online Accommodation Market Size
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.95 Billion |
| Market Size (2029) | USD 5.12 Billion |
| CAGR (2024 - 2029) | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Russia Online Accommodation Market Analysis
The Russia Online Accommodation Market size is estimated at USD 3.95 billion in 2024, and is expected to reach USD 5.12 billion by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).
Russia’s economy is facing drastic changes during its invasion of Ukraine. It also affected the tourism market and summer destinations. Since 5th March 2022, the number of users on foreign company websites for accommodation and short-term rentals fell sharply because of limitations for the Russian market.
The number of visitors to TripAdvisor’s website in March decreased by 19% compared to February 2022, while Booking.com traffic decreased by 18%. Agoda and Airbnb decreased by 15% and 12%, respectively, and Trivago witnessed a huge fall of 56%.
Users have shifted to Russian booking platforms for accommodation. In the period from March 5 to 10, the number of users on bronevik.com quadrupled, while traffic on ostrovok.ru tripled. Demand was created for companies kvartirka.com with a 59% increase, sutochno.ru with 38% and 101hotels.com witnessed a 28%.
Russia Online Accommodation Market Trends
Increase in the Tourism in Russia is Driving the Market
In 2022, more than eight million foreign visitors came to Russia, accounting for about one-third of the pre-pandemic number. Before the pandemic, the travel and tourism sector's percentage of the GDP was estimated to be 5%. It was predicted to be close to four per cent in 2023. The majority of Russian tourist organisations projected a rise in demand for domestic travel from July to September 2023 as compared to the same period the previous year. In order to find hotels and flats, users are now using Russian booking sites. The share of Russians using the Internet for ordering services related to travel booking reached 15.6 per cent in the previous year. The use of the Internet for travel booking has generally increased by 20 per cent.
Rise in the Mobile Hotel Booking is Driving the Market
In Russia, mobile booking is becoming increasingly popular, with travelers utilizing smartphones and mobile applications for on-demand booking and travel management. Russian travelers have distinct payment habits, with many preferring to pay in cash, even when booking online. Online travel platforms cater to these preferences by providing a variety of payment methods, such as cash payments at designated locations.
In the last decade, there has been a significant increase in mobile hotel reservations. When travelling to work or in an emergency, for example, people may use their smartphones to make hotel reservations. Customers can also get assistance from a number of applications for hotel booking experiences when planning a last-minute trip.
Russia Online Accommodation Industry Overview
The report covers major international players operating in the Russia Online Accommodation Market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and service innovation, domestic to international companies are increasing their market presence by securing new contracts and tapping new markets. A few of the major players profiled in the industry include Booking.com, Trivago, hotels.com, Bronevik, and Ostrovok, etc. Booking.com is the leading hotel booking platform in Russia, holding more than half the market share.
Russia Online Accommodation Market Leaders
Booking.com
trivago
BRONEVIK.com
Airbnb
Hotels.com
*Disclaimer: Major Players sorted in no particular order
Russia Online Accommodation Market News
- July 2022: Mobile TeleSystems (MTS) acquired a 100% stake in Bronevik Online and Bronevik Company (Bronevik Group, one of the market leaders in online hotel booking). The acquisition is aimed at developing a new business line, MTS Travel, in the tourism industry.
- March 2022: Airbnb has suspended all operations in Russia and Belarus. Airbnb’s decision comes as numerous companies are withdrawing operations in Russia amid its invasion of Ukraine.
Russia Online Accommodation Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in the online travel agencies in Russia
4.2.2 Due to factors including digital trends and technical improvements, the online booking industry is undergoing significant transformation
4.3 Market Restraints
4.4 Market Opportunities
4.4.1 Global tourism is expanding, which is driving market expansion.
4.4.2 Increasing expansion in the travel and tourism sector and encouraging government initiatives
4.5 Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Insights on Key Trends and Technological Innovations in the Market
4.7 Impact of COVID-19 on the market
5. MARKET SEGMENTATION
5.1 By Platform Type
5.1.1 Mobile Application
5.1.2 Website
5.2 By Mode of Booking
5.2.1 Third Party Online Platforms
5.2.2 Direct/Captive Portals
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Booking.com
6.2.2 Trivago
6.2.3 BRONEVIK.com
6.2.4 Airbnb
6.2.5 Hotels.com
6.2.6 Ostrovok
6.2.7 aviasales
6.2.8 Tutu
6.2.9 TripAdvisor
6.2.10 Skyscanner*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. DISCLAIMER AND ABOUT US
Russia Online Accommodation Industry Segmentation
Online accommodation is a popular method for booking hotel rooms, travellers can book rooms online by using online security to protect their privacy and financial information and by using several online travel agents to compare prices and facilities at different hotels.
Russia online accommodation market is segmented by platform type (mobile application and website), and by mode of booking type (third party online portals and direct/captive portals). The report offers market size and forecasts for Russia Online Accommodation Market in value (USD) for all the above segments.
| By Platform Type | |
| Mobile Application | |
| Website |
| By Mode of Booking | |
| Third Party Online Platforms | |
| Direct/Captive Portals |
Russia Online Accommodation Market Research FAQs
How big is the Russia Online Accommodation Market?
The Russia Online Accommodation Market size is expected to reach USD 3.95 billion in 2024 and grow at a CAGR of greater than 4% to reach USD 5.12 billion by 2029.
What is the current Russia Online Accommodation Market size?
In 2024, the Russia Online Accommodation Market size is expected to reach USD 3.95 billion.
Who are the key players in Russia Online Accommodation Market?
Booking.com, trivago, BRONEVIK.com, Airbnb and Hotels.com are the major companies operating in the Russia Online Accommodation Market.
What years does this Russia Online Accommodation Market cover, and what was the market size in 2023?
In 2023, the Russia Online Accommodation Market size was estimated at USD 3.79 billion. The report covers the Russia Online Accommodation Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Russia Online Accommodation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Russia Online Accommodation Industry Report
Statistics for the 2024 Russia Online Accommodation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Russia Online Accommodation analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
