New Vice President for Strategic Development

Cosmos Hotel Group (hereinafter also – CHG) announces the appointment of Sergey Tolchin to the position of Vice President for Strategic Development. His main task will be to increase the room stock of the hotel chain, attract hotels under management and expand the geography of the brand's presence. Previously, Tolchin held the position of Executive Director of Intourist National Travel Company LLC.

Sergey Tolchin, Vice President for Strategic Development of Cosmos Hotel Group:

"A significant number of international hotel brands are represented in Russia. These brands occupy a significant market share in the segment of the most popular 3-5* accommodation facilities.Now, there are unique opportunities to significantly expand the room stock managed by Cosmos Hotel Group in almost all regions of Russia. The hospitality sector is becoming one of the main topics of the development of the national economy, domestic tourism and services exports. Despite all the difficulties caused by the pandemic, the state is actively increasing and capitalising on hospitality development programmes both for the domestic market and for the development of inbound tourist flow. Today, we can offer one of the most flexible, efficient and most profitable models of hotel facilities management due to significant experience in managing our own room stock, active development of the Cosmos Hotel Group brand, as well as the formation of a unique trading platform, where not only traditional sales channels for hotels are represented, but also a tour operator Cosmos.Travel, which will provide utilisation at the expense of all types of tourism".