Russian World Cup hotel construction program slashed

2018 FIFA World CupRussian World Cup hotel construction: Authorities in Russia are getting ready to slash the number of hotel rooms it was planning to build for the 2018 World Cup by 40% and its investment in hotel projects from RUB65.5bn to RUB39.5bn. Plans for 25 hotels are to scrapped and a further nine modified. The change of heart has been attributed to a combination of the current economic crisis and fears that there will be too many empty rooms to fill once the World Cup circus has left town. 

 

 

Source: Kommersant