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Czech Republic Tourism Report Q2 2016

  • February 2016
  • -
  • Business Monitor International
  • -
  • 29 pages

BMI View: The tourism market in the Czech Republic is small but well established. The capital city Pragueis home to a multitude of attractions and has long been popular as a short break and city break destinationfor visitors both from neighbouring states and across Western Europe. While arrivals from markets furtherafield are relatively small in comparison, some major Asia Pacific source markets are expanding, and thisregion will become a key focus for driving long-term growth in the Czech tourism market. In the short term,economic weakness in key European markets will dampen regional growth potential, while arrivals fromother markets, such as the United States, are expected to fall as visitors are drawn to other Europeandestinations. Indeed, it will be a highly competitive travel year that sees France hosting the UEFA EuroChampionships.

Key Updates And Forecasts

- In line with weakness in the eurozone and economic uncertainty in China, we have revised downwardsour short-term forecasts for inbound arrivals to the Czech Republic and now expect to see an overalldecline of 0.3% in arrivals in 2016. We are, however, maintaining our medium term growth forecasts andby 2020 arrivals will recover well to reach 8.8mn with the market benefiting from extensive governmentsupport.

Table Of Contents

Czech Republic Tourism Report Q2 2016
BMI Industry View 5
Table: Key Forecasts (Czech Republic 2013-2020) 5
SWOT 7
Tourism 7
Industry Forecast 9
Table: Inbound Tourism (Czech Republic 2014-2020) 13
Table: Tourism Receipts (Czech Republic 2014-2020) 14
Table: Hotel Accommodation (Czech Republic 2014-2020) 16
Table: Tourist Departures And Consumption (Czech Republic 2013-2020) 17
Industry Risk/Reward Index 18
Rewards 18
Risks 18
Table: Central And Eastern Europe - Tourism Risk/Reward Index 19
Security Risk 20
Market Overview 21
Competitive Landscape 24
Domestic Hotel Groups 24
Table: Czech Republic - Domestic Hotel Groups 24
International Hotel Groups 25
Table: Czech Republic - International Hotel Groups 25
Methodology 26
Industry Forecast Methodology 26
Risk/Reward Index Methodology 27
Table: Weighting Of Indicators 29

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