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Prague hotels on the rise thanks to meetings and events

Warsaw hotels also see increases, according to HotStats report, while Amsterdam rates fall slightly
19/01/2017

Pictured: Prague Convention Centre

Room rates and occupancy in Prague and Warsaw are on the up, according to the latest HotStats report.

The European Chain Hotels Market Review for November 2016 also revealed that occupancy remained steady in Amsterdam, but rates in the Dutch capital took a slight tumble.

In Prague, hotels recorded a 2.7 per cent increase in average room rate in November to €91.12 (£78.79) and a 7.3 percentage point increase in room occupancy to 76.2 per cent.

This was not only due to in-house events at hotels polled, but also events at the Prague Conference Centre, which included the ECREA communication conference, which hosted more than 1,400 delegates. 

The particularly strong month for the commercial sector in the Czech capital was reflected by corporate and residential conference demand comprising more than 40 per cent of total room nights sold, compared to an average of 33 per cent for year-to-date 2016; with strong rate growth achieved in both the corporate (up 5.3 per cent) and residential conference (up 4.8 per cent) segments.  

In Poland, hotels in Warsaw recorded a 1.3 per cent year-on-year increase in room occupancy for November 2016, coupled with a 10.8 per cent increase in achieved average room rate to €98.78 (£85.42).  

Growth in the commercial segment has been strong, illustrated by a rate increase in both the corporate (up 12.8 per cent) and residential conference (up 10.9 per cent) segments.

And in the Netherlands, while hotels in Amsterdam were able to maintain room occupancy levels in November at a lofty 80.9 per cent, the city saw a 2.9 per cent decline in average room rate to €166.95 (£144.36).   


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