Poles as well as residents of neighbouring countries more and more often opt for short and frequent excursions, the so-called prolonged weekends because their professional situation makes it impossible to go on longer, 2- or 3-week holidays. The decision about going away for a long weekend is to a large extent subject to the weather conditions, that is why a lot of hotel guests make the decision just before the departure. If forecasts are not optimistic, people simply do not go anywhere. Additionally, the information about bad weather results in cancelling reservations which were made one or two days before going way, which is the biggest problem of hotels located in resort towns. The influence of long weekends on the hotel industry for the hotels located in popular tourist destinations is of course positive – thanks to higher prices and higher occupancy. In the same period the hotels located in strictly business locations register strong decreases of occupancy and revenue. In ou
Flex market picks up momentum
Flex market picks up momentum
The flexible office market in Poland is growing rapidly. In the upcoming years, we can expect the pace of its development to accelerate. Currently, over 420,000 sqm of flex space a ...
Walter Herz
Optimism returns
Optimism returns
Lower interest rates in the eurozone and the easing of monetary policy in Poland are expected to revive investment in the real estate market. A noticeable increase in the value of ...
Walter Herz
Warehouse developers now more cautious
Warehouse developers now more cautious
Pre-leases are now an important criterium Currently, the highest investment activity is seen for projects that have a secured pre-leasing level of at least 50-60 pct of the spa ...
Avison Young