Hotels closed for May picnic days

In 2019, domestic tourists accounted for as much as 70 percent of hotel occupancy in Poland, according to CBRE data. This is a good prognosis for this year, provided that hotel facilities are opened. Holidays for which Poles have already started making reservations will be the key. However, it is not known when the government will decide to fully open hotels. And the industry is quite out of breath. Data collected by CBRE show that in November 2020 the number of nights decreased by 46 percent y/y, and the number of arrivals fell by as much as 67 percent. Kraków is in the most difficult situation, where traffic is generated mainly by foreign tourists. The situation is slightly better in Wrocław and the Tri-City.

“The beginning of the previous year was going to be great for hotels in Poland. Data from January and February indicated an improvement in demand. Later, the pandemic changed everything and the hotels recorded declines from month to month, with a break for those moments when restrictions were not in force. This year, we can expect the first recovery in the second quarter, although the decision to close hotels for the May weekend shocked the industry. Domestic tourism is a key factor in the recovery, and people need rest after months of the pandemic. That is why the resorts will most likely be raised first. However, when it comes to business city hotels, their reconstruction may take up to two years from the easing of restrictions,” Grzegorz Kaleta, hotel market expert at CBRE, said.

(WBJ)