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Investment in the CzechiaCZECH REPUBLIC HOTELS REPORT FULL OCCUPANCY IN MAY 2018
A hotel room in Prague

CZECH REPUBLIC HOTELS REPORT FULL OCCUPANCY IN MAY 2018

Hotels in the Czech Republic and other hospitality locations have reported full occupancy in May 2018. The data published by the Central Bureau of Statistics in the Czech Republic reveal that tourist occupancy in this moth broke all previous records – over 1.365 tourists, most of whom (60%) are foreigners.

This represents a rise of 15.6% compared to the previous month, and a rise of 4.2% in annual terms. Furthermore, over the first five months of 2018, Czech hotels have hosted around 5,526,000 people – a rise of 6.7% compared to the equivalent period in 2017, the previous record year of Czech tourism: 14.2 million people who were hosted in hotels in the Czech Republic, and 34 million lodgings.

The greatest rise in the number of guests (5.6%) was in 4 star hotels – around 867,000 people on May 2018 alone. In addition, the number of tourist lodgings in Czech hotels rose, reaching 13.2 million days.

Experts project that growth will continue at least until the end of the year for several reasons, including the relatively inexpensive rates of flying to and residing in the Czech Republic in comparison to Western Europe.

However, the experts project that the growth of the Czech economy will even further raise the number of guests in Czech hotels in the long run.

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