In current value terms, lodging is set to see a rebound in 2021, although sales will remain well below the level seen in 2019. During 2020 and 2021, hotels have not been used as COVID-19 quarantine hotels or as alternative spaces for working from home.
Budget hotels saw the most notable decline in outlet numbers in 2020, and this is set to remain the case in 2021, with unrated hotels seeing the slowest decline. However, in terms of value sales, luxury and upscale hotels saw the steepest current value decline in 2020, and is also set to see the second slowest growth in 2021, after budget hotels.
Overall lodging is expected to return to the pre-pandemic level of current value sales in 2023, with most types of accommodation achieving this goal in this year. The value sales of hotels are anticipated to take a couple of years to recover, mainly because of the loss in business trips by domestic and inbound travellers, due to increasing usage of video calls and online conferences.
The digitalisation trend in lodging is expected to accelerate over the coming years. Pre-pandemic, only a few hotels, mainly in Prague, offered electronic check-in stations.
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