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Hotel Operator Beat H1 2023 - Czech Republic - Vimarsana News

Hotel Operator Beat H1 2023 - Czech Republic

Prague is the second most attractive market in CEE for hotel operators with a presence or interest in the region. Its popularity is backed up by H1 being a period of healthy recovery for Prague hotels which achieved the second-highest (after Budapest) RevPAR (revenue per available room) among the region’s capitals1. In this year’s first six months, it reached EUR 69, which is an increase of 57% versus H1 2022, and already a 5% increase versus the pre-Covid H1 2019. This was primarily driven by the strong ADR (average daily rate) growth, which surpassed 2019 levels by over 20%. Hotel operat...

Operators target Dublin and Cork for new hotel projects - Vimarsana News

Operators target Dublin and Cork for new hotel projects

Hotel operators across the UK and Ireland consider Dublin city and Cork city to be attractive locations. Dublin was ranked the third most attractive location of the 20 UK and Irish markets surveyed as part of the report, with only London and Edinburgh ahead of Dublin.