In the first quarter of 2024, the share of investments in hotel real estate in the total volume of investments in commercial properties in Russia was 11%. This is stated in the report of the consulting company IBC Real Estate. According to their data, Russian companies spent a total of 9.2 billion rubles on the acquisition of hotels in January-March. The share itself was a record for the beginning of the year since 2015, when investments in hotels accounted for 20% (626 million rubles). For comparison: in the first quarter of 2023, this indicator was only 6% in the structure of all investments in commercial real estate, although the amount of investments was significantly higher – 41.9 billion rubles. This leap in the IBC Real Estate report is explained by one major deal: the AFK Sistema structure acquired the network of Wenaasgruppen Hotels from Norway in Russia. In 2022, even less was spent on hotels – 4% (6.8 billion rubles), and the year before – only 2% (2.1 billion rubles), as stated in the report.