Hotels in Prague to Raise the Room Rates Gradually

The hotel investment market in Eastern Europe – including the Czech Republic – is boosting due to increasing demand. The average room rate in Prague is estimated to be about € 101.40. As a result, hotel rooms supply in Prague, city that characterized by well-developed tourist industry, has increased by 33% since 2000. Prague ranks third in Europe for the hotel occupancy level (75.3% occupancy), after Amsterdam (78.5% occupancy) and Edinburgh (76.4% occupancy). The average room yield in Prague is about € 76.36.