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”.
About Absolute Hotel Services (AHS)
AHS is the fastest growing hospitality management/branding company in Asia and Europe with an ever-expanding geographic portfolio of hotels, resorts and serviced residences.
Headquartered in Bangkok, Thailand with regional offices in Thailand, Vietnam, Indonesia, Hong Kong, India, Russia and Austria with more expansions planned, AHS and its brands have resonated with investors and consumers contributing value to all stakeholders.
Covering the luxury to economy segments through its brands U Hotels & Resorts, Eastin Grand Hotels & Resorts, Eastin Hotels, Resorts & Residences and Eastin Easy. AHS also has the right to manage hotels under Travelodge brand under Travelodge Thailand and Vietnam as well as the Vienna House brands in Asia.
AHS is an affiliate company of U City Public Company Limited which is one of Thailand’s largest public listed companies.