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- Title
ANALYSIS OF THE DYNAMICS, TRENDS AND PROSPECTS OF HOTEL BUSINESS IN PRAGUE.
- Authors
Ryashko, Liubov
- Abstract
The article analyzes the new trends and phenomena at the Prague hotel market that appeared in 2010-2011. The market successfully overcame the crisis of 2009. High consumer demand has stimulated the capacity growth of accommodation facilities and has led to increased competition. The logical consequence of increased competition has become the departure from the market of companies that do not correspond to the new consumer demands. Most clearly these trends and developments were revealed in the 4-5 star hotel segments. The article analyzes the reasons for the substantial strengthening of the four-star hotels at the Prague hotel market. It shows the factors that determine the flow of customers from the three-star hotels and that, finally, may be crucial for further commercial impracticability of these facilities.
- Subjects
HOTELS; ECONOMIC trends; OCCUPANCY rates; HOTEL occupancy taxes; HOSPITALITY industry
- Publication
Czech Hospitality & Tourism Papers, 2013, Vol 9, Issue 18, p19
- ISSN
1801-1535
- Publication type
Article