Cosmos Hotel Group

Оne of Russia’s leading hotel management companies providing a full range of hotel development services from project consulting and preparing hotels for opening to cost cutting and increasing assets capitalisation.

100 percent

in 2020

2.5 bln ₽


21 hotels

in portfolio

7,000 rooms

stayed at the
hotels in 2020

0.85 mn visitors

Development Strategy

Cosmos Hotel Group provides a broad range of hospitality services. The company specialises in professional hotel management, including implementation of service standards, introduction of quality assurance systems, recruitment, training and regular assessment of personnel, administrative and business operations, adoption of security standards, improvement of sales, income management and centralised procurement systems, as well as providing other highly skilled services in the hospitality segment.

The development strategy of Cosmos Hotel Group is aimed at leadership in the Russian hotel sector in terms of capacity, brand strength and awareness, increasing its market share by expanding accommodation supply in Moscow, St. Petersburg and the largest regional economic hubs. The main focus of the business is development of 3-4 star business hotels. Most of Cosmos Hotel Group's hotels are located in Russia's regions with the highest demand for hotel accommodation in this price segment. At least 10 new hotels will be launched by 2023.

Annual revenue

The team

Monosov Leonid

Chairman of the Board of Directors

Alexander Shvein



Assets under management

7,000 rooms

under the company's management

15 locations

in Russia and abroad
Cosmos Hotel Group's portfolio consists of 21 hotels in 15 locations across Russia and abroad, including hotels owned by the Corporation and operating under well-known international brands (Holiday Inn Express, Hilton Garden Inn), and four third-party hotels. The company provides operational management of all these assets, numbering of 7 thousand rooms in a total.

In 2016, Sistema acquired the hotels of Regional Hotel Chain (RHC), including 7 properties under the Park Inn brand in Astrakhan, Volgograd, Izhevsk, Kazan, Novosibirsk, Sochi and Yaroslavl. In July 2021, as part of the integration of these assets, the Cosmos Hotel Group rebranded 7 hotels that began operating under the Cosmos Hotels brand.
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Renovation of Cosmos Moscow Hotel

In 2019, Cosmos Hotel Group launched comprehensive renovation of its flagship asset, Cosmos Moscow VDNH Hotel. The renovation project will be implemented in two stages during 2020–2023 and envisages a complete overhaul of hotel rooms, including replacement of utility systems. All repair works at the property will be performed without suspending operations.
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Operating results

36.6 %

average occupancy rate at the hotels in 2019

3,639 ₽

average ADR generated by the hotels in 2020

+40 %

ADR of the hotels abroad in RUB
Average occupancy rate of Cosmos Hotel Group in 2020 stood at 36.6%, a 30 p.p. decline versus 2019. The hotel chain’s average daily rate (ADR) in 2020 remained at the level of 2019 and amounted to RUB 3,639, mostly due to the growth of prices at hotels abroad and the euro appreciating by 29%. Revenue per available room per day (RevPAR) across the chain totalled RUB 1,331 in the reporting period, which is 25.6% lower compared to 2019 mostly due to the deterioration of annual results of Cosmos Moscow Hotel and hotels abroad caused by the lockdown measures in spring-summer 2020. 
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Cosmos Travel

20 percent

of the organized inbound tourism market in Russia

Over 200 thousand

foreign tourists per year
In 2020, as a part of an umbrella brand Cosmos Hotels & More, the company launched Cosmos Travel, a leading incoming tour operator in Russia. The field of its competence includes the marketing of Russian tourist products and services, as well as the organization of services for foreign tourists and businessmen. More than seven hundred companies from 170 countries of the world trust the servicing of their clients to the company. The portfolio of Cosmos Travel includes both traditional Russian tourist products and special interest programs that are organized on request of trade partners and customers.
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Resorts' development in Russia

2 countryside hotels

in the Moscow region and Altay Republic
The company develops premium resorts in Russia under the Cosmos Collection brand, which provide guests with unique services from environmentally friendly farmers products of its own production to wellness procedures using the latest medical equipment. The brand effectively combines service and comfort with nature.

In 2019, Cosmos Collection Altay Resort opened a new 60-room hotel building; Cosmos Collection Izumrudny Les Hotel launched a new wellness centre featuring a 25-metre swimming pool, a congress hall with multi-functional rooms of various sizes and 10 additional duplex cottages with the total accommodation capacity of 20 rooms. In 2020, a new 40-room building was opened at the  Izumrudny Les eco hotel in the Moscow region.
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Financial performance

2.5 bn ₽

revenue in 2020

77 %

share of revenue generated by hotels in Russia
In 2020, revenue significantly decreased due to a sharp fall in occupancy rates amid the COVID-19 pandemic. Following a decline in revenue, the company’s adjusted OIBDA fell despite the fact the hotels continued to drastically cut their costs in order to minimise losses caused by the coronavirus crisis.
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Cosmos Hotel Group