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Czech Republic Tourism Report Q4 2017

BMI Industry View
Table: Key Forecasts (Czech Republic 2014-2021)
SWOT
Tourism
Industry Forecast
Table: Inbound Tourism (Czech Republic 2014-2021)
Table: Tourism Receipts (Czech Republic 2014-2021)
Table: Hotel Accommodation (Czech Republic 2014-2021)
Table: Tourist Departures and Consumption (Czech Republic 2014-2021)
Industry Risk/Reward Index
Central And Eastern Europe Tourism Risk/Reward Index
Table: Central And Eastern Europe Tourism Risk/Reward Index, Q4 2017
Czech Republic Risk/Reward Index
Rewards
Risks
Market Overview
Competitive Landscape
Domestic Hotel Groups
Table: Domestic Hotel Groups
International Hotel Groups
Table: International Hotel Groups
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Weighting Of Indicators

BMI View:

The Czech Republic's tourism industry is poised for healthy growth, with visitor numbersexpected to rise, boosting tourism related spending and hotel and restaurant industry value in an alreadywell-developed market. While much of the tourism industry remains heavily centred on the popular capital,Prague, the government remains committed to expanding the tourism industry across the country and isinvesting in wide-reaching marketing campaigns to raise awareness of its many attractions. Some downsiderisk does stem from regional security concerns in the wake of attacks in major cities in Europe, includingParis, London and Berlin. However, the Czech Republic is still considered a safe destination for touristsoverall.

Latest Updates And Forecasts

The hotel sector in the Czech Republic, similar to other markets in the region, faces growing competitionfrom the private rental sector. Popular accommodation website Booking.com has recently launched anew service in the country offering customers private rentals, in competition with AirBnB, which isalready active in the market.


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