Welcome to RHIC

Date & location confirmed for RHIC 2013

The Russia & CIS Hotel Investment Conference 2013 (RHIC) will take place 22-23 October at the Radisson Blu Resort & Congress Centre, Sochi.

RHIC is the premier event in Russia, bringing together the region’s largest gathering of investors, developers, brands, operators, financiers, advisors and government officials under one roof. Over 360 top-level executives, from 29 countries, and all areas of the industry attended last year – all with one common purpose: to do business in Russia and the Commonwealth of Independent States. 

Over 70 speakers will participate in this years comprehensive conference programme which will include interviews with leading hoteliers, forecasts from top economists and panel discussions on the latest developments, trends and best practice in the hotel and investment industry.

Click here to register now.

Soundbites from RHIC 2012

Chris Weafer, Chief Strategist, Sberbank Investment Research 
“On one hand, there is the side of Russia that mandates a higher risk premium to that of its peers. And on the other hand, Russia is quietly going about its business, enjoying an expanding domestic economic base, a fast-growing consumer story and a stable economy”

Denis Gaevski, Managing Director & Head of Long Term Financing and Real Estate, Bank of Moscow
“Hotels are not a barrel of oil - need to look at cash”

Andrey Yakunin, Partner & CFO, Venture Investments & Yield Management LLP
Andrey introduced the term “expectation management” and when developing a hotel, “double them but you will often find that profits are double as well.” “Russia is an opportunity to make money.”

Daniel Thorniley, President, DT-Global Business Consulting
Danny Thorniley said, “Russia is affordable innovation and a middle class brick this is the best place to do business.  He also stated that “The business environment for most companies and investors globally is going to remain strained for 2-5 more years: banks are not functioning properly, too many governments are plunging into mis-guided austerity programs and consumers are not surprisingly under severe stress. Comparatively and relatively Russia is in much better shape and providing oil stays above $97 then GDP will continue at 3.8% to 4.5% with most other indicators in that ball-park”, he concluded that “Financing remains tough and interest high for hotel investors but there is some chance that if inflation starts to fall again in 2013, then inserts rates may just be a bit less painful.”