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Development of hospitality market in Prague (1997-2009)
Trkovský, Tomáš ; Fialová, Dana (advisor) ; Bučeková, Ingrid (referee)
The subject of my diploma thesis is characterization of tourism market as important component of the economy in the Czech Republic. The thesis mainly deals with analysis, description and prediction of future development in real estate market of luxury hotels in Prague. Main part of the thesis is detail analysis prepared by selected statistical indicators. Last chapter includes localization of luxury hotels in Prague, international comparison with other countries in Central Europe and impact of world economic crisis on the real estate market of luxury hotels. Keywords: tourism, hotel, hotel market, Prague
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Analysis of the determinants of hotel prices in Prague
Illková, Luisa ; Bartoň, Petr (advisor) ; Bolcha, Peter (referee)
My bachelor thesis examined relationship between characteristics of hotel rooms and its prices. I expect, that hotels with certain attributes, for example hotels with small number of rooms, which own parking site can charge higher prices, than hotels without these characteristics. I use hedonic price method to observe impact of attributes, verified by regression analyze. Most of monitoring variables are statistically significant. Model at whole is also statistically significant. I also do regression analyze without insignificant variables to reach better results. At both cases highest impact on price has variable five stars hotel. Surprisingly, variable internet for free has negative impact on price. At last part of my work I compare my results with results of foreign studies.
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Investment processes in hotel industry
Lejtnar, Lukáš ; Indrová, Jarmila (advisor) ; Straková, Ivana (referee)
Thesis on topic Investment processes in hotel industry summarizes decision procedures and gauging possible investments in this given branch. Its fundamental is to determine the hotel market as such with its crucial elements, indicators and regularities, which are indispensable direct evaluative elements in pre-investment phase of process. Its content is composed in such a way that connection with feasibility study on specific project in region will be possible. For potential investor, who is operating out of this business and is ready to penetrate fast into the business' backstage, the content is outlined in a way, which is enabling fast orientation and choosing key chapters. In the end there are evaluated market data from the hotel industry in general, which indicates the ways and the cases in which the investments are ideal.
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