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Czech Republic Tourism Report Q2 2016

Czech Republic Tourism Report Q2 2016

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.


BMI Industry View
Table: Key Forecasts (Czech Republic 2013-2020)
SWOT
Tourism
Industry Forecast
Table: Inbound Tourism (Czech Republic 2014-2020)
Table: Tourism Receipts (Czech Republic 2014-2020)
Table: Hotel Accommodation (Czech Republic 2014-2020)
Table: Tourist Departures And Consumption (Czech Republic 2013-2020)
Industry Risk/Reward Index
Rewards
Risks
Table: Central And Eastern Europe - Tourism Risk/Reward Index
Security Risk
Market Overview
Competitive Landscape
Domestic Hotel Groups
Table: Czech Republic - Domestic Hotel Groups
International Hotel Groups
Table: Czech Republic - International Hotel Groups
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Weighting Of Indicators

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