For a comprehensive review of the Europe market, click below:
HVS In-Depth Europe Hotel Valuation Index:
2025
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2024
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2023
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2022
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2018
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2017
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2012
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2001
Bratislava, Slovakia’s capital since 1993, continues to evolve as a vibrant cultural, political and economic hub. Home to key cultural institutions such as Comenius University – Slovakia’s largest and oldest university – and national cultural landmarks including the Slovak National Museum, Theatre, and Gallery. Bratislava is also home to the Slovak president, the Slovak executive branch and the parliament.
Economically, Bratislava serves as Slovakia’s financial and corporate centre, hosting the regional headquarters of major global companies such as Volkswagen, Siemens, IBM and Dell. Bratislava is poised to take a leap forward with a landmark development with long-lasting impacts on the city’s economy, infrastructure and international profile thanks to the ‘Urban Oasis’ redevelopment, designed by Stefano Boeri Architetti (announced in June 2024 and expected to start construction in 2026), which aims to revitalize the Chalupkova district into a mixed-use urban hub. We note, however, that on the political front, following the election of President Peter Pellegrini in 2024, Slovakia’s relationship with the European Union may shift, reflecting the pro-Russian foreign policy stance of Prime Minister Robert Fico’s government.
Hotel demand in Bratislava is primarily driven by business travel from neighbouring and other European countries, with the main source markets being domestic visitors (representing more than 30% of visitation in 2024), followed by travellers from Czechia, Germany, Poland and Austria. The city also attracts leisure travellers, particularly in the summer months, and benefits from overflow tourism from nearby Vienna owing to more competitive pricing. However, the lack of a large-scale convention centre continues to limit Bratislava’s potential as a MICE (Meeting, Incentive, Conference and Exhibition) destination.
From 2015 to 2019, total visitation to Bratislava increased at a substantial compound annual rate (CAGR) of 7.0%, from little over a million visitors a year in 2015 to close to 1.4 million visitors in 2019. This resulted in a robust RevPAR CAGR of almost 10.0% over the same period led by strong average rate growth. Following the pandemic, in 2022, although the city experienced growth in both occupancy and average rate, the hotel market remained well below pre-pandemic levels, with RevPAR some 30% below 2019 in real terms. In 2023, Bratislava’s hotel demand reached around 95% of historical levels, alongside double-figure year-on-year growth in average rate. The momentum slowed down in 2024 with demand still below pre-pandemic levels and RevPAR standing at around 10% below 2019 in real terms. We note that this is partially explained by inflation levels higher than in most countries in Europe.
The inventory in Bratislava has been relatively stable in the last ten years, and the hotel development pipeline remains limited, with only three projects planned (all currently in the planning stage): the 290-room independent midscale Campus Hotel (February 2027), the 640-room Lake Station Hotel (March 2028), and the 283-room Bratislava Port Hotel (August 2029).
No hotel transactions were recorded in Bratislava in 2024.
According to our 2025 Hotel Valuation Index, values grew by a modest 0.7% in euro terms in 2024 but remain 9% below 2019 levels. With ongoing political uncertainty, the short-term outlook for the market remains cautious.
The widespread impact of the coronavirus (COVID-19) has had an unprecedented impact on hotels and hotel values worldwide.
Consequently, the latest HVI analysis may no longer reflect the most current measure of lodging industry strength or the
hospitality investment market.
In each of our offices across the globe, we are working tirelessly to analyze the impact of recent events and provide timely
insights to help you navigate these uncharted waters. Because it is unclear how long the pandemic will last or how long related
restrictions will be in place, we are updating our analyses on a weekly basis using the most current data.
Additionally, examination of value trends in prior cycles can provide useful information. Historical patterns, together with
an understanding of the market’s current expectations for the eventual recovery of the industry and its performance, can provide
insights on the likely trajectory of decline and recovery for hotel values.
For the Latest Information and Analysis on the Impact of COVID-19Click Here
If you’d like to speak to someone personally to review details of our most current analysis, please don’t hesitate to contact
us directly.
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