15 Hostels Close Down in Yekaterinburg after New Bill Comes into Effect

6 December 2019 (09:17)

UrBC, Yekaterinburg, December 6, 2019. Fifteen hostels closed down in Yekaterinburg after the new federal ban on operating hostels in apartment buildings came into effect, business owner Alexei Karavayev announced at the Managers & Developers Guild's recent summit.

There are now 67 hostels with 2,000 beds in Yekaterinburg all in all, with the average price at RUB 500 a night. Given these legislative changes, Karavayev said, the share of local home owners who started doing 24-hour rentals illegally has gone up.

At the same time, there were 125 hotels in Yekaterinburg as of December 1, 2019, with only about 64% of rooms getting booked. This share is actually lower than that for 2018, Karavayev said.

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