In Q1 2026, Prague delivered a markedly stronger performance compared with Q1 2025. The city recorded a 4.4 p.p. increase in occupancy and a 8.8% increase in Average Daily Rate (ADR) across the market during what is typically the quietest period of the year for tourism. As a result, RevPAR (Revenue per Available Room) increased year on year by 16.8%, more than double the growth achieved in the same period last year.
Hotel investment volume across the Czech Republic reached ca. EUR 124 million in Q1 2026. This represents a 62.1% decline compared with the same period last year, primarily due to the sizeable transaction of the Hilton Prague in January 2025. A notable transaction during the first quarter of 2026 was the sale of the Augustine Hotel, Prague, for which Cushman & Wakefield acted as sell-side advisor.
- Since the beginning of 2026, only 181 rooms have been added to Prague’s hotel inventory. Total room supply growth of 1.0% is anticipated for the full year, remaining below the levels recorded over the past two years.
- The latest forecast from Oxford Economics projects that Prague will reach 20.2 million nights in paid accommodation in 2026, representing a 5.8% increase year on year. This growth is expected to be driven primarily by international demand, with international guests accounting for an estimated 86.4% of total paid accommodation nights in 2026.
- Ongoing concerns related to the situation in the Middle East continue to disrupt global travel through reduced air connectivity and rising flight prices. While this may negatively affect intercontinental travel, it may also support stronger demand from domestic and regional travellers, potentially sustaining further ADR growth.
For more information about Czech hotel market in 2025 and for 2026 outlook please read the press release: Czech Hotel 2026 Investment Outlook
