Market Size of Russia Online Accommodation Industry
| 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%.
