9 Mar 2020
Bangkok, Thailand (March 10, 2020) – The CEO of Absolute Hotel Services Group, Mr. Jonathan Wigley, is delighted to announce the expansion into the vibrant Russian market and CIS region who further explains the groups plans and motivations for the region.
“Based on both strategic and opportunistic motivators the Absolute Hotel Services Group has fully entered and committed to the Russian and CIS Region with a dedicated company and office to enable growth of our property portfolio and geographic footprint with this expansion. Considering the strong and historic relationship in tourism between Russia and Asia this expansion is a natural fit for us as an Asian based hospitality group”.
“We aim to expand quickly with 3 projects already secured and under development in the Black Sea area and we target over 5000 rooms in the region by the end of 2022. We view Russia and the CIS region as a very important part of our dynamic expansion and have shown our commitment with our recently opened office in Moscow. We are looking at all possible destinations for portfolio growth in the region based on a mix of international, regional and domestic demand drivers with our U Hotels & Resorts, Eastin Grand Hotels & Resorts and Eastin Hotels & Residences brands. We are confident bringing the best of these two regions together we will be able to deliver success to all stakeholders”.