Up to Half of Prague’s Hotels May Close by the End of 2020

As many as 47 per cent of Prague hotels could close by the end of the year, the president of the Association of Hotels and Restaurants of the Czech Republic, Václav Stárek, has warned.

They also state that closures could hit 30 per cent of hotels in other regions of the country, while the hotel industry as a whole will take at least three years to recover.

According to a survey by the association, most hoteliers estimate that attendance by the end of the year will sit between six and ten per cent of the normal rate.

Another problem is that corporate events have almost completely disappeared. The use of conference facilities has been at one-tenth of normal since the beginning of the year.

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In the second quarter, the number of overnight stays decreased by 66.7 per cent for Czechs and by 96.2 per cent for foreign guests. In the second quarter, 988 thousand guests were accommodated in hotels and similar establishments, which represented a year-on-year decrease of 82.9 per cent which accounts for 4.8 million guests.

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It can be assumed that the numbers for Czech guests will improve. However, in the second quarter, Czech people alone did not compensate for the shortage of foreign guests.

On the contrary, Czechs spent fewer nights in hotels, despite the fact that the government encouraged holidays in the country.