TOP 2002 hotels with largest turnovers in the Czech Republic

PRAGUE June 30 (PROTEXT) - For the ninth time, the Food- Service professional magazine of the hotel industry, gastronomy and special catering has put together a table of the hotels with largest turnovers in the Czech Republic, on the basis of questionnaires sent to a total of 200 hotels. In the final order, the Marriott Hotel Prague placed, for the first time, first with the total net turnover of CZK 618 million. The Renaissance Prague Hotel ranked second (CZK 513.93 million) and the Corinthia Towers Hotel was third (CZK 482.46 million). The survey respondents are the hotels of domestic and foreign chains, big hotels, independent private hotels and spa hotels. Not all of the big hotels, however, influenced the final order because the foreign management of the hotels Hilton, Mövenpick, Don Giovanni and, newly this year, also the interContinental Prague, refused to provide the data for the survey. Nearly 59% of respondents recorded lower turnovers, compared to 2001, 35% could proudly report improved results and the situation of 6% respondents did not change. The floods were responsible for the lower average occupancy (61.09% in 2001, only 55.87% in 2002). The average room price also dropped, as well as, of course, the hotels' turnovers. Most hotel owners are optimistic, though, hoping for the improvement of their situation this year. In addition to the impact of the war conflict in Iraq on tourism, the hotel owners say the biggest problems they have to face is the lack of quality and loyal employees. More then one-half of the respondents will have to renovate of completely reconstruct their hotels. If published, please state the source: the Food-Service Magazine, 2003. For more details and individual tables see www.foodservice.cz. Contact: Food-Service Magazine Office Drtinova 10 150 00 Prague 5 tel. +420 227018418-20 food@con-praha.cz Subscribers please note that material bearing the slug PROTEXT is not part of CTK's news service and is not to be published under the CTK slug. Protext is a commercial service providing distribution of press releases from clients, who are identified in the text of Protext reports and who bear full responsibility for their contents. PROTEXT