Room revenue at Ukrainian Bukovel hotel up 27% to $109
Average hotel room revenue (RevPAR) in Ukrainian resort Bukovel in the first quarter of 2025 rose 27% year-on-year to $109, according to data from EY Ukraine provided to Interfax-Ukraine. In Lviv, RevPAR climbed 23% to $35, while in Kyiv it increased 14% to $24.
"Hotel performance metrics in Ukraine continue to improve – driven in most cities by higher occupancy rates, and in some locations by an increase in average daily rates (ADR)," said Rostyslav Khoma, head of EY Ukraine's real estate advisory practice.
Dynamics of revenues from tourist tax in Ukraine (in dollar equivalent, million), 2021 – 1H 2025.
Source: EY analysis, DARTS
According to Khoma, all key tourist and business regions saw RevPAR growth during this period. The uptick was fueled by a combination of factors: rising demand for hotels, the revival of domestic tourism, and higher ADRs.
Bukovel hotels once again posted the market's highest RevPAR in Q1 2025, largely thanks to a 29% jump in ADR to $183, even though occupancy dipped slightly.
Dynamics of average occupancy rates in the hotel market of Kyiv, Lviv, Bukovel, and Odesa, 2022–Q1 2025
Source: analysis and data from EY, STR, Hotel Matrix, Ribas Hotels Group
Kyiv hotels increased RevPAR from $21 to $24 (+14% y-o-y) with ADR essentially flat at $61. The Kyiv's five-star hotels saw especially strong gains: RevPAR surged 39% from $55 to $76, with ADR holding steady at $171.
In Lviv, RevPAR rose from $29 to $35 (+23%), mainly due to stronger demand, as ADR remained unchanged at $75 per night.
According to Ukraine's State Tourism Development Agency, total tourism tax revenue in the first half of 2025 reached $3.4 million, up 26% from $2.7 million a year earlier. The largest receipts came from Kyiv (UAH 33.6 million / $808,000), Lviv region (UAH 26.6 million / $639,000), and Ivano-Frankivsk region (UAH 22.1 million / $530,000), reflecting concentrated demand in major cities and key tourist hubs.
Rising occupancy rates underscore the recovery of both domestic and business tourism. In Kyiv, occupancy climbed from 35% in Q1 2024 to nearly 40% in Q1 2025 (+4 percentage points), indicating a continued rebound in business activity. Five-star hotels in Kyiv posted even stronger results, with occupancy reaching 45% (+12 pp y-o-y).
"Kyiv's five-star hotels have now surpassed pre-war occupancy levels, regaining their footing thanks to demand from diplomatic delegations, foreign media, international organizations, and global financial institutions," Khoma said.
In Lviv – where demand temporarily softened in 2024 – conditions improved in Q1 2025, with average occupancy reaching 47%, up eight points from a year earlier.
Odesa hotels also saw a 2-point increase in occupancy to 24%, likely reflecting the revival of domestic tourism and overall market activity.
Bukovel remains the national leader among all analyzed destinations. Even with occupancy slipping from 59% to 57% (-2 pp) in Q1 2025, it still holds the highest rate in Ukraine.
Dynamics of average revenue per room (RevPar) in the hotel market of Kyiv, Lviv, Bukovel, and Odesa (in US dollar equivalent), US dollars/room/night