Hotel investors avoid Poland

Weekend empty spaces Adrian Karczewicz, GE Capital Golub Asset Manager, claimed Polish hotels generate profits too unsatisfactory to be an attractive investment product. Only when occupancy exceeds 60 percent is a minimum profit ensured, acceptable to investors. The trouble is that no Polish city can ensure such a rate of occupancy. The best in this regard are Kraków and Poznań, the first thanks to tourists, the second due to businesspersons. Adrian Karczewicz added, with tongue in cheek, that were the International Trade Fair to be shifted from Poznań to Kraków, the city would become a real attraction to hotel proprietors since rooms would be filled not only during the week but also on weekends. And that is the kind of demand profile for which investors are searching. Others have it better Prague and Budapest are in a much better situation than Warsaw. There are not great differences regarding business customers, however there are many mo