Krasnodar, 8 October – Yug Times. Private investment in resort development in Krasnodar Krai continues to grow even as hotel occupancy declines, highlighting the industry’s ability to operate in difficult conditions and compete for demand. Experts, however, say the sector lacks the management skills needed to navigate a shrinking market. According to the regional Ministry of Resorts, Tourism and Olympic Heritage, agreements have been signed for 77 projects worth 800 billion roubles. In five municipalities along the Azov coast, 42 projects worth 60 billion roubles are under development...

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