Prague’s Airbnb Boom Reaches 18,000 Apartments, Industry Says

The number of apartments used for short-term tourist accommodation in Prague has climbed to an estimated 18,000, according to the Association of Hotels and Restaurants of the Czech Republic (AHR). The figure is significant when compared with Prague’s housing development. Data from the Czech Statistical Office show that construction began on 7,380 new apartments in the capital last year. Over the past three years, developers have started work on fewer than 21,300 homes in total. If the AHR estimate is accurate, the number of apartments dedicated to short-term stays is approaching the equivalent of three years of residential construction in Prague. The expansion of short-term accommodation has become increasingly visible across the city. According to the association, traditional hotels in Prague offer approximately 35,000 rooms, meaning short-term rentals now represent roughly one-third of the capital’s overall accommodation capacity. Industry representatives argue that the sector serves a different segment of travelers than conventional hotels. While Airbnb remains the most recognized name in the market, apartments are also widely advertised through other services, including Booking.com. The rapid growth of the sector is not unique to Prague. Across Europe, short-term accommodation booked through digital platforms has become a major part of the tourism... The post Prague’s Airbnb Boom Reaches 18,000 Apartments, Industry Says appeared first on Prague Morning .

Go to News Site