Airbnb in Prague 2023: Statistics and Trends

As of May 2023, 5,592 apartments (81% of all listings) are being rented short-term through Airbnb in Prague, according to AirDNA. Some dispute this figure, arguing it includes inactive listings. However, a deeper analysis of live listings by district on Airbnb suggests the 5,592 count may well reflect reality — Praha 1 alone has over 1,500 active listings. In addition to apartments, 1,105 private rooms and 134 shared rooms are listed on Airbnb in Prague.

Size of Airbnb apartments in Prague

In 2023, Prague Airbnb listings break down as follows: studios account for 11%, one-bedroom apartments for the largest share at 56%, two-bedrooms for 23%, three-bedrooms for 7%, four-bedrooms for 2%, and five-or-more-bedroom apartments for 1%. The average capacity of Prague Airbnb apartments is 4.4 guests, and the average number of bedrooms across short-term rental listings is 1.4.

Airbnb rental prices in Prague

The average year-round nightly rate in 2023 is 104 USD. Predictably, the highest prices fall in December (129 USD) and the lowest in February (91 USD). These averages have limited explanatory power given the many variables at play: number of guests, length of stay, listing type (room vs. apartment vs. house), amenities, and more. Averaged prices are nonetheless a useful guide when thinking about the cost of a two-night stay for two guests.

Occupancy of Airbnb apartments in Prague

Average occupancy for Prague Airbnb apartments stands at 77%, which is an excellent indicator by the standards of accommodation providers. Peak occupancy occurs in August (88%) and the lowest point is January (55%).

December is popular, but only in the second half of the month, whereas August is historically the peak season — in Investerra-managed apartments occupancy reaches 96%. February is the least popular month for Prague Airbnb stays, though it is relatively favoured for longer stays (one week or more). The most expensive periods (Christmas and New Year's Eve) are often "blocked out" — that is, kept unavailable until July so hosts can align their pricing with the market.

Number of Airbnb apartments per host

Most Airbnb hosts in Prague have more than one listing. A host may offer individual rooms within a single apartment or multiple full apartments and houses. More than 75% of Prague Airbnb apartments are owned by hosts with more than one property. Just under 40% belong to companies managing portfolios of ten or more apartments.

Trends in Prague Airbnb apartments

Although the Prague Airbnb market currently has about half as many apartments as it did in 2019, it is seeing 28% growth compared to the last quarter of 2021 and 2% quarter-on-quarter growth in 2023. Looking ahead, the following trends are likely to shape the market.

Rising demand, slight supply contraction

A growing number of city-centre apartment owners and short-term rental management companies are moving toward medium-term rentals. The main drivers are neighbour disputes and the risk of legislative changes. That said, given the current state of Prague's property market, the number of short-term rental apartments is likely to remain broadly stable over the next five to seven years. Demand for Airbnb-style accommodation keeps growing while supply is roughly half what it was three years ago.

Rising nightly rates

Tourist numbers in 2023 are expected to match pre-COVID-19 levels, yet the number of Airbnb apartments has fallen sharply. When demand outstrips supply, prices naturally rise. That dynamic has been playing out for the past 14 months — the average nightly rate has climbed by around 20%. With supply continuing to shrink, this trend is expected to persist.

Medium-term rental boom

Nearly half of all Prague Airbnb apartments are managed by companies with 10 or more units under management. An increasing number of these operators are shifting either into hospitality or into medium-term rentals — serviced apartments offered on a minimum one-month basis. Prague is a popular destination for business travellers and freelancers, making this rental model attractive: less operational complexity, lower risk, and a broader range of offerings. Medium-term rental yields (5–7% per year) are not as compelling as short-term (10%), but many companies and investors are betting on the security it provides.

Apartment buildings over individual units

Investors who have owned buy-to-let apartments for years will increasingly look at acquiring entire residential buildings, where neighbour conflicts are not an issue. Whole buildings can also be straightforwardly converted into accommodation facilities or offered as furnished apartment units on medium-term lets. Once the Prague property market stabilises and prices return to market levels, strong demand for Prague residential buildings is expected.