Russia still presents an opportunity to hotel developers and operators, according to HVS report – “The Russian Hotel Market: Race for the Regions.” Regional cities are good place to start this kind of business.

A Russian village destroyed in WWII has been revived and become a popular tourism attraction. Traditional houses, craftsmen at work and Russian vodka museum with the most vodkas lure crowds of tourists every year.

The ongoing economic crisis has already had an effect on everyone in Russia, from oligarchs to humble office workers, and now even Lenin in his Red Square mausoleum has felt the pinch.