Economic Aspects of Operating Condo Hotels: Qualitative Research in Poland

The aim of the article is to identify the key economic aspects of the operation of condo hotels. The paper considers the Polish condo hotel market. The research hypothesis is as follows: condo hotels are a noteworthy and at the same time risky form of investing spare funds. Three main research methods used in the work are the following: criticism of literature, analysis of existing data and direct interview technique with managers of selected condo hotels in Poland. The results of the study indicate that, in the long term, this type of investment involves a growing and difficult to fully assess uncertainty. This is due to the fact that the hotel market is particularly sensitive to unfavourable changes in the economic environment, economic downturn or unexpected fortuitous or pandemic events. The passage of years and the gradual decapitalization of facilities are also among the factors that increase this uncertainty. The motivation to write the article resulted from the author’s long-term personal scientific interests related to the hotel industry and the revealed cognitive gap in the latest research on the economic aspects of housing, as well as, especially during the war in Ukraine.