2026 Poland Real Estate Market Outlook_ENG

2026 Real Estate Market Outlook P|oland

Intelligent Investment

07 Hotels

Steady increase in demand Improving the availability of financing

The number of overnight stays granted to both domestic and foreign tourists reached record values in 2025.

Figure 07: Overnight stays granted to tourists in hotels, Poland (millionnights)

The demand for hotel accommodation has been growing continuously since the pandemic. According to data fromStatistics Poland, in the first eleven months of 2025, the number of overnight stays in hotels was 6.6% higher than for thepreviousyear, with better results recorded in each of the months. In turn, according to Eurostat data, Poland ranked 2nd in Europe (behindMalta) in terms of the growth rate of overnight stays granted in 2025 (7% y/y). Both domestic and foreign demand is growing. Among foreign tourists, the share of people from Arab countries and East Asia is increasing, which means that it is necessary to adapt the offer and standards of service to new source markets. The accommodation base is also increasing – according to the latest data fromStatistics Poland, in July 2025 there were 46 hotels in Poland with 6,144 more beds than a year earlier. Despite rising occupancy rates and REVPar, revenue growth in previous years was offset in part by rising operating costs and financing costs. However, in 2025, interest rate cuts have resulted in a decrease in costs and improved credit availability. The banking sector is eager to finance hotel projects due to the significant improvement in operating results. Hotels are perceived even more favourably than other asset classes in this respect. In 2026, we expect demand to remain on an upward trend, coupled with a limited supply of new projects, leading to rising prices and occupancy levels that will remain at least at the 2025 level, or even increase slightly.

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Number of nights granted (million)

10

0

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Jan-Nov 2025

Domestic tourists

Foreign tourists

Source: CBRE Research based onStatistics Poland

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23 CBRE RESEARCH