The Prague Convention Bureau has been in touch with news of several new luxury hotels that are due to open in 2024. Although Prague’s hotel capacities have slightly decreased during the covid-19 pandemic, the Czech capital is still one of the most attractive hotel markets in Central and Eastern Europe. In Cushman & Wakefield’s ranking, which assessed a total of 20 cities in the region, Prague ranked first. Moreover, by 2024, additional accommodation facilities are expected to open, especially in the luxury segment, offering almost 2,000 hotel rooms and more than 1,700 m2 of meeting space.
From the recent press release…
“Prague, with its profound beauty and unparalleled cultural heritage, deserves to be the leading high-end destination in Europe. However, it needs to provide appropriate infrastructure, including luxury hotels that are lacking. For example, the capacity of luxury hotels in Budapest and Vienna is about 2x and 2.4x times larger than in Prague. Even with the upcoming openings such as Fairmont, W hotel, and Almanac X, the capacity of luxury hotels in Prague will remain behind these destinations while it arguably should offer more to reach its full potential.” says David Nath, Partner – Head of HospitalityCEE & SEE atCushman & Wakefield.
By the end of 2024, the accommodation and meeting capacity of Prague should expand further with several new hotel facilities of higher categories. In the first half of 2023, the former Alcron Hotel, newly named Almanac X, will open after reconstruction, offering a capacity of 204 rooms. It should be followed by the new W Prague Hotel with 161 rooms and 350 m2 of meeting space, which will be created by renovating the former Hotel Evropa on Wenceslas Square.
“We hope that even those projects that have been postponed due to the pandemic will be completed, such as the construction of the Hard Rock Hotel, which was originally expected to open in 2023 and was supposed to be one of the representatives of large congress hotels with a capacity of 523 rooms and 5,500 m2 of meeting space. A long-announced project is also the construction of a luxury hotel in the U Sixtů House near the Old Town Square, which should have 90 rooms
The Prague Convention Bureau (PCB) is a non-profit organisation established in 2008. The company acts as an official representative of the Prague congress tourism and promotes the city as a one of the European leading congress destinations.
More information can be found in the press release, click the button below to download it.