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Czech Republic Tourism Report Q4 2016

  • July 2016
  • -
  • Business Monitor International
  • -
  • 30 pages

Includes 3 FREE quarterly updates

BMI View: The Czech Republic has a well-established but slightly restricted tourism sector. Prague, as thecapital, is well represented by major hotel chains; however, this leaves little room for new hotels to enterthe market. Arrivals will continue to be strong, especially from the European market where the country isseen as a good option for a short break, especially to Prague. Inbound tourism is set to be boosted by Asianand Middle Eastern source markets, with the Czech Republic keen to build bridges between themselevesand China in particular. The biggest threat facing the sector is the potential for a drop in the economy ofthe key source markets, especially the euro.

Key Updates And Forecasts

- Our short-term inbound arrivals forecast has been slightly altered. Previously we suggested a downturnthroughout 2016 with the weakening of the euro. We have changed this as the eurozone has gained somestability and the Czech koruna has weakened slightly. This will encourage tourists to visit the country.We now forecast that arrivals will hit 9.23mn in 2016, rising steadily to 12.04mn by 2020.

- The Czech Republic is continuing to build links with China. The Czech Prime Minister, BohuslavSobotka, has visited the country recently to encourage travel between the two nations. Direct flightsbegan in 2015 and this year the two countries have signed a 'friendly partnership', aimed at boosting tradeand travel.

- In June 2016, a new Czech visa centre was opened in Bangalore, India. This represents a major step inboosting tourism figures from India as previously, any potential travellers would have to go to Delhi orMumbai to obtain a visa. There has also been talk of restoring direct flights between India and the CzechRepublic.

Table Of Contents

Czech Republic Tourism Report Q4 2016
BMI Industry View 5
Table: Key Forecasts (Czech Republic 2013-2020) 5
Tourism 7
Industry Forecast 9
Table: Inbound Tourism (Czech Republic 2013-2020) 13
Table: Tourism Receipts (Czech Republic 2013-2020) 14
Table: Hotel Accommodation (Czech Republic 2013-2020) 17
Table: Tourist Departures and Consumption (Czech Republic 2013-2020) 18
Industry Risk/Reward Index 19
Table: Central and Eastern Europe Tourism Risk/Reward Index 19
Rewards 20
Risks 20
Security Risk 21
Market Overview 22
Competitive Landscape 25
Domestic Hotel Groups 25
Table: Domestic Hotel Groups 25
International Hotel Groups 26
Table: International Hotel Groups 26
Methodology 27
Industry Forecast Methodology 27
Risk/Reward Index Methodology 28
Table: Weighting Of Indicators 30

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