Hilton, Hyatt, and Accor Freeze Hotel Development in Russia
Photo Credit: Major hotel companies severed their development pipelines in Russia Wednesday following growing sentiment they weren't taking a stand in the geopolitical crisis. Wikimedia / Deensel
Skift Take
Western hotel companies are still operating in Russia, but this is a notable step for an industry that has been a holdout amid all the companies ditching their presence in the country following its invasion of Ukraine.
Major hotel companies are finally taking a stance on Russia after so many other industries suspended operations in the country after it invaded Ukraine.
Hilton and Hyatt all moved to freeze new developments and suspend investments in Russia, the companies announced Wednesday. Hilton also closed its Moscow corporate office. Accor made a similar move in recent days to suspend all planned openings as well as future developments in Russia, Skift has learned.
IHG also closed its corporate office in Moscow and suspended future investments, development activity, and openings in Russia, the company released in a statement following the initial publication of this story.
Marriott later announced following publication that it, too, would close its Moscow corporate office and pause future hotel openings, development, and investments in Russia. The company noted in a release that its hotels in Russia are owned by third parties and "we continue to evalu
.jpg){kind=link}