Hotelmarket information on the Central and Eastern European region

The travel traffic of hotels in the capital cities of the region has been decreasing since the summer of 2008. In the first quarter of 2009, the occupation and the average daily hotel room rate continued to decline.

Occupancy of the Vienna hotel rooms in the first quarter was 12.6 percent lower than the year earlier level. Much less tourist visited the Austrian capital from Spain, Italy and the United States, even so, Vienna’s hotels suffered the smallest decline in the region. The situation in Pozsony, Budapest and Prague is worse, where the occupancy of the rooms during the first quarter of 2009 decreased with 23-26 percent back compared to the first quarter of 2008. The average daily room rate declined in all these three Central European capitals at the beginning of 2009.