Prague has the fifth-highest hotel occupancy rate in Europe, and is the continent’s 10th largest hotel market, Raymond Johnston writes for Prague.tv.
Occupancy was 80.1 percent in 2017, with the average daily rate at EUR 88 and revenue per available room (RevPAR) at EUR 70, according to a Cushman & Wakefield report on the hotel industry.
The leader in occupancy was Edinburgh, with 83.7 percent, followed by Dublin, London and Amsterdam.
Prague was the leader for the Central and Eastern Europe region in terms of occupancy. Warsaw was in seventh place, at 78.8 percent, and Budapest took last place in the top 10 with 77.5 percent.
Other CEE cities to make the top 20 were Vienna at 13th place and Bucharest in 16th place.
“The rising demand trend is expected to continue, although some cities are likely to experience a milder growth in the following years, as they become more expensive and/or reach the full capacity during the peak season. Nevertheless, the growing trend is anticipated to continue, driven by new demand sources, particularly from Asia and Middle East,” Bořivoj Vokřínek, partner, strategic advisory & head of hospitality research EMEA at Cushman & Wakefield, said in a press release.
A contributing factor to the occupancy rate in Prague is more tourism from Asia and Middle East, supported by more direct flights and larger capacity planes arriving at Václav Havel Airport Prague.
>> Read full article published by Prague.tv.
Read also an input by the Prague Convention Bureau below.
#DidYouKnow #Prague is the 10th largest hotel market in Europe with capacity of 90,891 beds in a total of 787 accommodation facilities? #eventprofs #PragueInSpires #hospitality #TravelTuesday #visitCZ https://t.co/BJUj5304ls— Prague CVB (@PragueConBureau) October 9, 2018