Hotels suspend Russian developments following Ukraine invasion

Hilton, Hyatt, Accor and IHG have all made moves to distance themselves from Russia following its invasion of Ukraine.

Hilton and Hyatt have announced they will suspend new developments and investments in Russia, while Hilton also closed its corporate HQ in Moscow.

“Our hotels have always been part of the fabric of our communities that we serve, and we take seriously our promise to positively impact the places where we live and work,” Hilton said in a statement.

Hyatt stated it hoped for hope for “a resolution to this crisis”.

“Understanding that many people in Russia face challenges and uncertainty about their future as well, we are determining how best to support and care for our hotel colleagues and current guests in the country,” Hyatt said in a statement.

“We are deeply saddened and shocked by the war in Ukraine and our thoughts continue to be with all those impacted by these horrific events.”

IHG also shuttered its corporate office in Moscow and suspended all of its planned developments and opening in the country, but added it was still committed to “look after the people and communities where we have a presence around the world”.

“We have long-term management or franchise agreements with independent third-party companies that own the hotels in Russia,” IHG said in a statement.

Accor is also reported to be putting its planned openings future developments in Russia on ice.