TALLINN - The hotel market in Estonia, and particularly its capital Tallinn, has, not surprisingly, improved dramatically following the country’s independence from Russia in 1991. In Tallinn itself, the promise of a cheap holiday and a good night out, together with the city’s rich medieval history, has drawn in the tourists and steadily increased demand for rooms.That is until recently and the advent of the global financial crisis. In the last year or so, over-saturation of the market in terms of the number of hotel rooms available, coupled with falling demand and occupa...
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