Prague Airbnb Prices Soar, New Regulations Planned
Prague is seeing a surge in Airbnb prices, prompting the government to plan new regulations. This year, tourists are expected to return to the Czech Republic in droves, with many using short-term rental platforms for their accommodation. This is confirmed by data from Seven Keys, a company managing 85 apartments in central Prague for Airbnb rentals. “Thanks to the high seasonal demand, we were able to raise prices by about 25%. We also had to increase cleaning fees due to rising costs,” says Zuzana Benešová, founder of Seven Keys. Despite the price hikes, tourists remain undeterred. “Over the past two years, we’ve reached 80% occupancy in April and May, which is 20% higher than pre-pandemic levels,” Benešová says. “Bookings for spring and summer are already strong, suggesting this will be our peak season since the pandemic.” Market Analysis Shows Price Rise Published statistics by AirDNA, a market research firm, confirm the rising cost of vacation rentals on short-term accommodation platforms. According to their data, the average daily rate in Prague alone has increased by about a third over the past two years. In April 2022, the average daily price for accommodation in Prague was CZK 2,500. This April, the average...