Czech Republic Accelerated recovery
Hotelsschedule 15 February 2024
1 / 1
According to Cushman & Wakefield analysis, after a period when the Prague hotel market was lagging behind other European cities in terms of recovery from the impacts of the covid pandemics, all of its performance indicators increased significantly in 2023. The Prague hotel market proves its resilience and attractivity.
RevPAR ended 10 pct above the level recorded pre-covid in 2019, in December 2023 as much as 35 pct above December 2019. Occupancy reached 71 pct last year, in December 2023 returning to the level of December 2019 with 79 pct. The average daily rate was EUR 110 in 2023, 22 pct higher than the year before. The investment transactions volume grew by 68 pct year on year, reaching EUR 137 mln, and additional major deals are planned for 2024.
In the comparison of 30 top European hotel markets, last y
88% of content remaining
Unlock full access to the article
Get 17% discount when you pay annually
PLN
EUR
Lifetime access to current material
One-time payment, lifetime access.
Choose
Access includes
- Lifetime access to current material
Subscription
Access to all EurobuildCEE materials
Monthly
Annually
You save 17% when paying annually
Monthly on one device. Annual payment
Monthly on one device. Monthly payment
Choose
Access includes
- EurobuildCEE editions online & flipbook version
- Exclusive news, comments, articles and interviews with the most important market representatives and experts
- Archive containing data and information from the commercial real estate and construction market in Poland and the CEE region, collected over 27 years;
- Eurojobs
- Eurobuild FM
Already have an account? Log in
Minimalism or a wealth of features? How companies view offices?
Minimalism or a wealth of features? How companies view offices?
Walter Herz
The office market showcases two polar opposite trends in how companies approach leasing and arranging spaces, which can be described as a wealth of features and minimalism. Two d ...
Office spaces in logistics centres: an alternative to office buildings?
Office spaces in logistics centres: an alternative to office buildings?
Axi Immo
The office market in Warsaw is currently experiencing a period of stability in terms of supply and take-up. Recent data on overall tenant activity indicates that clients in the cap ...
Driving Efficiency: The Impact of the EPBD Directive on Commercial Real Estate in Poland
Driving Efficiency: The Impact of the EPBD Directive on Commercial Real Estate in Poland
Poland's commercial real estate sector faces a major challenge in meeting the ambitious targets set by the updated EPBD. From costly retrofits to regulatory uncertainty, investors ...