About Czech Republic

By estimates of Mag Consulting Agency the revenues of hotels in Prague
dropped by 15% in the summer. Loss of tourists in Prague was not as dramatic
as it showed in the first half. A decrease was not more than 4%. The
reason for lower revenues is that tourists often shortened length of stay,
moreover price war is raging between the hotels.

„In August we guess that number of guests could be in terms of numbers
of people better than last year, similarly develops September,“ said the chies
of Mag Jaromir Beranek. This is confirmed by some hotels representatives.
For example in five-star hotel Sheraton the occupancy supposedly has
improved to 60% during a holiday last month, but prices in some cases fell
to 100 Euros per night. Some five-star hotels going Loir with the price.

Labels: hotels, prague, tourist

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Revenues from domestic business tourism arrivals fell by half of the year
by 8.4 percent to 59.8 billion crowns. This is the first decline since 2003.
According to recent data from the Czech National Bank. According to analyst
firm Mag Consulting is the result of the crisis, which caused an outflow
of foreign tourists and reduced the duration of their stay.
„We expect that the downturn will be even greater. There were, however,
the beginning of the year, when revenues were still quite high,“ said the
head of Mag Consulting Jaromir Beranek. According to him in the first
quarter was a great interest in Czech mountains, where more skiers arrived
especially from Poland.

Total hotels in Czech arrived in half 2.7 million guests from abroad, a year
12 percent less. To this must be added other visitors who sleep in the Czech
Republic with friends, or not stay overnight.

Unlike the Czechs revenue expenditure on foreign holidays in half stagnated
at just under 37 billion. Beranek described the development as a surprise
due to declining sales tours. One explanation for the apparently increasing
number of Czechs who arrange their own holiday without the help
of travel agencies.

„This year in the Mediterranean free hotel capacity and the hotel can get
on the internet very cheaply,“ said Beranek. He said this year may increase
individual tourists from the CR to make 15 to 20 percent.

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Part of apartment houses in Prague by the owners over the past decade, rebuilt at the hotels, the economic crisis seems to return to its original purpose and hotel apartments is changed back into tenement houses. In an interview that said Mr. Jaromir Beranek - economist and analyst of tourism. Mr. Beranek alleviate some pessimistic estimates that it will end in default at 10 to 15 of about 560 Prague hotels. By Mr. Beranek, situation on the Prague hotel market was until recently very specific. Since the second half of the 90´s of the last century to the middle of this decade yielded hotels with cheap inputs and constant influx of tourists around a third more than normal in Western Europe. Dozens of owners of apartment buildings therefore rushed to the hotel business, said one reason was the rent control in apartments.

„The first signs of crisis in tourism in our country began to materialize in the second quarter of 2008, when occupancy fell year on year in the Prague hotel for more than six percentage points,“ said Mr. Beranek. This year his company Mag Consulting predicts a decline in occupancy below 50 %, which would be the first time during the existence of the Czech Republic.

Labels: apartments, hotels, tenement

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