Europe -  Bratislava, Slovakia

Bratislava is the cultural, political and economic centre of Slovakia and one of the youngest capitals of Europe (1993). It is home to the Slovak president, the Slovak executive branch and the parliament. In addition, the city houses many cultural and educational institutions, such as museums, universities, theatres and galleries. It is also one of Slovakia’s business hubs, with the headquarters of large financial and business institutions like Volkswagen, Siemens, IBM, Deloitte and others.

The demand for hotel accommodation in Bratislava is mostly generated by business travellers from neighbouring and other European countries. The city experiences high occupancies from Monday to Thursday and low occupancy over the weekend. The summer months, however, do attract some leisure visitors, primarily from neighbouring countries. The proximity of Bratislava to Vienna makes it an obvious overflow destination for demand in search of lower rates. However, the city currently lacks a proper convention centre, which makes it difficult to promote the city as a MICE destination and attract conference and convention demand.

After a few challenging years, owing primarily to the global economic crisis and the increase in supply, performance strongly recovered, with double-digit growth in 2015 and 2016, at around 15.0% on average. In 2017, Bratislava saw continued growth but at a slower pace at slightly below 5.0% in RevPAR growth. The affordability and location of this market were key in achieving this strong recovery, although this followed several years of negative RevPAR growth, meaning RevPAR is still far from its 2007 levels.

Hotel supply in Bratislava grew by a compound annual rate of 14.0% from 2004 to 2012. There was a significant increase in branded hotels, including the opening of the Sheraton Hotel Bratislava and the Kempinski River Park. However, the following years were characterised by slower growth in new supply, partly due to subdued demand. This trend has continued, and with limited new additions to supply, coupled with expected GDP growth and improving economies in the main feeder markets, bednights and occupancy are expected to increase further.

Only two major properties have changed hands in recent years: the Sheraton Eurovea in 2014 and the Crowne Plaza Hotel in 2015. Both of these hotels are full-service properties and transacted as part of a portfolio. 

Change In Value For Market: (€Euro)

Legend
Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: Less than -10%

Bratislava RevPAR Change (€Euro)

Bratislava RevPAR (€Euro)

For more information, please contact:

Sophie Perret, MRICS, MBA
[email protected]
  • +44 20 7878 7722 (w)
Simon Hulten
[email protected]
  • +44 020 7878-7775 (w)