Good times for hotels

Warsaw saw the strongest gain in the five-star segment, with occupancies edging up by an average of 25 percent. In Wrocław, hotel occupancy was 64 percent with an average rate of EUR 74 (zł.285) per night. In Poznań, occupancy grew up to 59 percent, with EUR 69 (zł.265) per night. Kraków ended up with 74-percent occupancy with rates just under EUR 100 (zł.385). Warsaw hotels closed 2005 with 65-percent occupancy. Colliers International says the expectations for 2006 are high, with cities promoting themselves through investment in events such as the UEFA European Championships 2012. According to Colliers, several cities will have new hotel projects by the end of this year, with three new hotels due for completion in Kraków, a Sheraton Hotel due in Poznań in Q1 2007, and this summer a Hilton will open in Warsaw.