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Old Posted Aug 19, 2018, 2:36 AM
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Join Date: Feb 2006
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Originally Posted by Crawford View Post
Is there really a market for this in Serbia?

The project, at face value, sounds bizarre, with St. Regis supertowers and the like. Lots of business travelers in Serbia, willing to pay $1,000 USD a night for a hotel room?

And is domestic demand for luxury really that deep? We're talking a poor country of maybe 7 million, tops.

Serbia's per capita income is most similar to that of Angola and the Dominican Republic.
There's probably more of a market than you realize because so much of the infrastructure was destroyed in the war and hasn't been rebuilt. It's a stable society in Europe so it's far from a saturated market in any way. I agree that on paper in some respects it doesn't look promising but eventually it'll probably work out.
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