Newly released market study: Czech Republic Tourism Report Q3 2016

The Czech Republic tourist market remains small but well established. The Czech capital city of Prague is home to a multitude of attractions and has long remained popular as a short break and city break destination for visitors from neighbouring countries and across Western Europe. Looking forward, arrivals from Asian and Middle Eastern source markets will bolst er the Czech tourism industry; however, o ver the short term, economic weaknesses in key European source markets will dampen regional growth prospects.

Full Report Details at
- http://www.fastmr.com/prod/1152808_czech_republic_tourism_report.aspx?afid=301

Key Updates And Forecasts

In line with weakness in the eurozone and economic uncertainty in China, we revised downwards our short-term forecasts for inbound arrivals to the Czech Republic in our previous quarterly update. We project an overall decline of 0.3% in arrivals in 2016 to 7.84mn. We are, however, maintaining our medium-term growth forecasts. By 2020, arrivals will recover well to reach 8.6mn, with the market benefiting from extensive government support.

Regional travel will receive a boost as Czech Airlines begins flights between Prague and the capital of Macedonia from summer 2016.

From May 2016, Emirates Airlines will begin using an Airbus A380 on the Dubai-Prague route, expanding capacity by 44%.

The government remains keen to increase arrivals from lucrative Middle Eastern markets and in December 2015 opened a new visa application centre in Bahrain, providing an accessible and streamlined visa application process for this up-and-coming market.

The Czech Republic Tourism Report has been researched at source and features BMI Research's independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Czech Republic Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Czech tourism industry.

Key Benefits
Benchmark BMI's independent tourism industry forecasts for Czech Republic to test other views - a key input for successful budgetary and planning in the Czech tourism market.
Target business opportunities and risks in the Czech tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Czech Republic.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

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