Warsaw hotels with high occupancy in H1 - C&W

In the first six months of the year, hotels in the CEE region recorded a significant increase in key performance indicators compared to the corresponding period last year, according to a report complied by Cushman&Wakefield. The value of the transactions exceed €265 million, in the H1. Overall, Average Daily Rate (ADR) rose by 8 percent to €112 , occupancy to 68 percent (65 percent in the same period of 2014) and Revenue per Available Room (RevPar) by 11 percent to €76. “The main factors driving growth in 2015 include the continued strength of inbound international tourism into Europe supported by Asian travelers, strong dollar driving demand from Americans and the challenges in North Africa that pushes leisure travelers to stay in Europe,” said Frédéric Le Fichoux, Head of Cushman & Wakefield’s CEE Hospitality Team. There were almost 600 million international visitors and 2.7 billion overnight stays recorded in Europe, representing a new record with these figures expected to increase further this year. Prague, Budapest, Bratislava and Warsaw are among the cities in the CEE region that have benefited the most from these macroeconomic factors. Among mentioned cities, Warsaw recorded the best occupancy rate (72.7 percent) and second best in RevPar, which amounted to €50.8 ( growing by 10.4 percent y/y). The city's ADR stood at €69.8  (growing by 3.3% year on year). What is more, 764 rooms are to be opened until 2016 in the 3 to 5-star segments.