New Market Report: Czech Republic Tourism Report Q4 2014

From: Fast Market Research, Inc.
Published: Thu Sep 18 2014


The Czech Republic looks set to retain its position as one of the most popular European travel destinations, as sustained growth in key European source markets will drive up the number of arrivals to the well-positioned Central European state. Continued investment in the country's transport infrastructure will make travel to and from the Czech Republic by road, rail and air easier and faster, leading to an increase in both incoming and outgoing travellers. Overall, we anticipate a sustained increase in the value of the Czech tourist industry over the coming years.

Full Report Details at
- http://www.fastmr.com/prod/860660_czech_republic_tourism_report_q4_2014.aspx?afid=303

We expect to see an increase in arrivals to the Czech Republic of around 1.8mn between 2014 and 2018, when the total number of inbound journeys will reach 17.8mn. Throughout this period growth will remain positive if unspectacular. A large proportion of new journeys will be made from East Asia, but the bulk of journeys to the country will be from fellow EU countries and Russia, though there is a risk that travel from Russia may decrease if relations between the EU and Russia worsen.

Much like the inbound travel market, outbound travel from Russia is focussed on other European states, thanks in part to membership of the Schengen zone, which allows ease of travel between EU states.

Government austerity measures have limited the level of investment in transport infrastructure in recent years, though the Czech Republic has had significant access to European funds for road and rail projects, and will continue to do so as the hub of Central Europe. Investment in the country's air travel infrastructure, through the long-delayed second runway and city-centre rail link at Prague Airport, is vital if the Czech Republic is to make the most of the boost in long-haul travellers, particularly from Asia.

The Czech Republic will continue to see an expansion in hotel capacity, with particularly exciting opportunities for growth outside of the capital, where the hotel sector is beginning to become saturated.

Key forecasts...

The Czech Republic Tourism Report has been researched at source and features Business Monitor International (BMI)'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.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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