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Like every other large city, Moscow has many hotels rated from 2 to 5 stars. Several large hotel chains are present in Moscow, including Sheraton, Marriott and Radisson.
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In 2010 there were 267 hotels in Moscow. The city plans to increase the number of hotels to 535 in 2020.
Moscow hotel prices are usually very high, so that they tend to be half-empty even during peak holiday season. It has been suggested that low occupancy rates are due to a sharp decline in global travel since the global recession that started in 2007, and that Moscow authorities have demolished many Soviet-era mid-priced hotels to make room for expensive 5-star ones.
In order to deal with high prices, numerous other options are available on the market, including hostels and short-term apartment rental.