KYIV, March 26 – Ukraine’s five-star hotels record largest losses in the hotel market of Ukraine as a result of coronavirus quarantine, according to a survey of Ukrainian hotel market players conducted by Colliers International (Ukraine) and Vertex Hotel Group.

"The respondents surveyed estimated the preliminary economic losses for the period from March 13 to April 3, 2020 as a result of restrictive quarantine measures. Representatives of five-star hotels record the largest losses: 40% of respondents estimate losses of over UAH 3 million, 10% more than UAH 8 million," the study says.