Czech Republic Tourism Report - Business Monitor International - Industry Reports

Czech Republic Tourism Report

Czech Republic Tourism Report - Business Monitor International - Industry Reports
Czech Republic Tourism Report
Published Jul 23, 2016
30 pages — Published Jul 23, 2016
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Abstract:

Total Arrivals (---------) Total arrivals, --- Total arrivals, ---, y-o-y ---- ---- ---- ----f ----f ----f ----f ----f - -,--- --,--- --,--- - -.- - -.- -.- e/f = BMI estimate/forecast. Source: National sources, BMI European states account for the bulk of arrivals in the Czech Republic, responsible for a projected -.-mn out of -.-mn total arrivals in ----. ...Source: National sources, BMI European states account for the bulk of arrivals in the Czech Republic, responsible for a projected -.-mn out of -.-mn total arrivals in ----. Over the medium term to ----, the outlook for inbound arrivals from European countries with poor short-term forecasts, such as Italy, France and Spain, are set to improve slightly as long as the eurozone can move away from the current economic difficulties and uncertainties. Improved transport infrastructure and high competition in the short-haul European airline industry will also boost opportunities to visit the country. ...Russia has long been an important source market for the Czech Republic, and arrivals from this regional giant are expected to continue to fall slightly in the coming years. In ---- and ---- numbers fell sharply as Russia s economy

...The Czech tourism market is entering a stable period after a few years of fluctuation and ---- will see a rise in inbound tourists of -.-- . There will be some negative impacts on inbound numbers from a number of directions such as the ongoing migrant crisis, the tightening of borders, and the fear surrounding the terrorist attacks on Paris in ----. ...There will be some negative impacts on inbound numbers from a number of directions such as the ongoing migrant crisis, the tightening of borders, and the fear surrounding the terrorist attacks on Paris in ----. Travellers from outside the region, including those from the USA, may be losing confidence in Europe as a safe and stable holiday destination and this could have ongoing effects on the tourism sector as a whole. Having said this, the sector is fairing relatively well and will see -.-mn visitors to the country during ----. The outlook for the medium term is also positive, with growth rates increasing by -.- y-o-y through to ----, when inbound arrivals are expected to reach over --mn. Growth is expected to accelerate slightly towards the end of the forecast period as the local currency becomes more competitive and marketing campaigns (such as the Czech Republic: A Country Full of Stories campaign) take full effect.

...Over the coming decade, the Czech Republic s tourism sector will see reasonable growth in both arrivals and receipts as the accommodation sector expands outside of Prague and new tourism hot spots are gradually created. There is space within the tourism sector for expansion, both in terms of transport infrastructure and accommodation. ...

  
Source:
Document ID
1747-8871
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Czech Republic Tourism Report" Jul 23, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Czech-Republic-Tourism-Report-2026-333>
  
APA:
Business Monitor International - Industry Reports. (2016). Czech Republic Tourism Report Jul 23, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Czech-Republic-Tourism-Report-2026-333>
  
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