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Capsule Hotel Means Revolution in Costly Moscow

By Henry Meyer & Stepan Kravchenko - 2013-02-13T10:13:26Z

Photograph by Petr Markin/Fomru via Bloomberg

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Hotel Rates

U.K. consultancy Hogg Robinson Group released on Jan. 31. This compares to about 221 pounds for third-placed New York and 206 pounds for Geneva, in sixth place.

"Even if Moscow is becoming more affordable, it is happening excruciatingly slowly," says Marina Usenko, an expert on the hotel industry at Jones Lang LaSalle in Moscow. "Those hotels which have an advantageous location are able to charge premium prices well in excess of their category."