2012-02-13 13:40:35 - This press release briefly describes real estate market in Odessa, Ukraine, and how it impacts on hotel business

Due to the rising number of high-quality Odessa apartments for short-term rent, the profitability of hotels in Odessa significantly decreased over the past few years. The reason for such dynamic lies on the surface: apartment owners can offer comfort and excellent service together with lower prices.
The current condition of hospitality industry in Odessa leaves much to be desired and it is certainly far from world standards: low and medium-priced hotels are unable to provide the proper quality of customer service; rooms have poor furnishing and bad sanitation. At the same time, four- and five-star hotels establish unreasonably high prices and as a result, they become unaffordable for most of the tourists. And even though highly rated expensive hotels can offer

decent living conditions, visitors stay deeply disappointed with very limited set of luxury facilities.

In turn, Odessa apartments for rent make an opposite impression on travelers with elegant interior design, high-quality furnishing, modern household appliances, good air conditioning systems and plenty of other utilities. Most important, that such dwellings have adequate rental fee, they cost nearly 2-3 times less than hotel rooms with the same level of comfort. High demand for short-term rental apartments Odessa led to the increase of offers. As new participants enter the market, competition between apartments owners gets tougher and in order to succeed they improve the quality of accommodations and bring service to a higher level. Some examples of apartments can be found on odessabestapartments.com

The clients certainly benefit from such situation because they can expect to obtain favorable terms and spend the time in a comfortable and convenient surrounding.