Europe -  Bratislava

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Bratislava is Slovakia’s capital since 1993, and is the cultural, political and economic centre of the country. 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, hosting the headquarters of large and globally influential institutions such as Volkswagen, Siemens, IBM and Deloitte.

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 occupancies 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 still lacks a proper convention centre, which makes it difficult to promote it as a MICE destination and attract conference and convention demand. The main source markets for Bratislava are the domestic market, followed by the Czech Republic, Germany, Poland and Austria.

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. During that period, the occupancy of hotels in the city grew at a moderate pace, whilst average rate saw a strong increase between 7.5% and 10.0%. This resulted in a robust RevPAR CAGR of almost 10.0%. After the pandemic years, in 2022, the hotel market in Bratislava experienced a significant uplift in both occupancy and average rate; however, with the RevPAR however still remaining some 30% behind the 2019 RevPAR in real terms. In 2023, Bratislava’s hotel demand reached more than 95% of the historical level; however, even though the average rate benefitted from double-digit year-on-year growth, the real RevPAR level was still more than 10% behind 2019.

Bratislava’s hotel pipeline is currently very modest, with only one hotel project: the 290-room independent midscale Campus Hotel. This development is still in the planning phase and is set to open in August 2025.

No hotel transactions took place in Bratislava in 2023.

Overall, our HVI analysis indicates that the hotel values in Bratislava remained almost flat during 2023, increasing by 0.7%, and still remaining some 10% below the 2019 level.

Change In Value For Market: (€Euro)

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: More than -10%

For more information, please contact:

Sophie Perret, MRICS, MBA
Managing Director
[email protected]
  • +44 0 2078787722 (w)
  • +44 0 7725781037 (m)
Julia Dzerkach
[email protected]
  • +44 0 2078787742 (w)
  • +44 0 7912240964 (m)
Clemence Sennavoine
[email protected]
  • ++44 0 7736273439 (m)