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Prague Apartments News - New Apartments
Posted by Admin   
Tuesday, 07 April 2009

Rental of Furnished Apartments, a Growing Market in Prague 

Apartments Rentals Agencies in PragueIn Prague, the number of apartments for short term stay explodes. Business and holiday travelers are more interested in rental of furnished apartments than in staying in simple hotel rooms.

Apartments in Prague have been around for years on the rental market and are a cozy for long journeys. But now tourists begin increasingly using this type of accommodation for short stays. The economic crisis may be the source of this new phenomenon, since inquiring travelers realize that apartments are more spacious, more intimate and better equipped at a better price in comparison to Prague hotels.

Large hotel groups in Prague have recognized this trend and, without abandoning their normal activities, many of them are opening new serviced furnished apartments in Prague.
They are using all kinds of names for their facilities: long-term hotel, apart-hotel, serviced apartments, or residence. Companies specialized in apartments rentals in Prague, argue that the case had never been successful, privately owned apartments by locals in Prague are more preferred by tourists than those fake "private" apartments owned by hotels in Prague.

New apartments are opening in Prague regularly.

According to a recent study published by the Institute of Travel Management, nearly 50% of business travelers feel that apartments are equipped with a serious alternative to hotels for their stay in Prague. When asked why they opted for this formula, 42% of them explained that they use the traditional way (stays of five days or more), 29% for savings and 24% consider it an alternative to Prague hotels .

Travel agencies are also expressing a growing interest in serviced apartments in Prague. The number of business travelers staying in this type of apartments is constantly growing because they offer more interesting value for money. It is also a more suitable form for some travelers (especially single women) who do not wish to dine alone in restaurants. Increasingly equipped apartments in Prague are available, and each day we receive more requests for Prague Old Town, the Wenceslas Square and the Lesser Town, where hotel rates are particularly high.

Most travel agencies are targeting the high-end market, with a majority of four-stars category. The business community is just beginning to understand the benefits of fully equipped apartments in Prague compared to hotels, particularly in terms of prices: for long stays, the difference reaches 30%.

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