29.06.2012 - JLL: Prague hotel market shows positive signs of recovery in 2012
The Prague hotel market has seen strong performance growth in 2010 and 2011 and results for the first four months of 2012 are promising with hotels posting an impressive 17.8% growth in Revenue-Per-Available Room (RevPAR) compared to the same period in 2011 according to STR Global. Growth in performance, however, is primarily driven by a strong rise in occupancy rather than an increase in Average Daily Rates (ADR). Prague´s occupancy was 62% in 2010, climbed to 67% in 2011 and in 2012 is anticipated to reach approximately 70%...............................................Full Article: Source
Print