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Czech Republic Tourism Report Q1 2017

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

Includes 3 FREE quarterly updates


BMI View:

The well-established Czech tourism sector is poised for significant growth to 2020. Prague, the capital, is well represented by major hotel chains, but restrictions on robust further accommodation development will tighten the market. Inbound tourist arrivals will continue to be strong, especially from European markets where the country is seen as a good short break destination, especially Prague. Inbound tourism is set to be boosted by Asian and Middle Eastern source markets, with the Czech Republic keen to build bridges between itself and China in particular. The biggest threat facing the sector is the potential for a drop in the economy of its key source markets, especially through a weak euro.

Key Updates And Forecasts


- Our short-term inbound arrivals forecast has been revised upwards. Previously we suggested a weaker market in 2016 with the weakening of the euro affecting the spending power of tourists from key source markets. However, increased euro stability will encourage tourists to visit the country, and we now forecast that arrivals will hit 9.3mn in 2016, rising steadily to 12.0mn by 2020.

Table Of Contents

Czech Republic Tourism Report Q1 2017
BMI Industry View 5
Table: Key Forecasts (Czech Republic 2013-2020) 5
SWOT 7
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 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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