Baku hotel oversupply depressing room prices

Baku hotel oversupply: A glut of  Baku hotels – particularly at the top end of the market –  has brought the average price of an overnight stay in Azerbaijan’s capital down by 10% in the past five years, according to report from consultants Azerbaijan Property Solutions. The number of hotel rooms in the capital currently stands at 64,000, 12% more than in 2012. Azernews