Fast Market Research recommends "Czech Republic Tourism Report Q4 2014" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 08/28/2014 -- 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.
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.
View Full Report Details and Table of Contents
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.
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.
- 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).
BMI Industry View:
This contains a synopsis of our forecasts, and any changes, together with an overview of key trends and developments in the tourism industry, and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects, new hotel developments, and acquisitions.
Industry SWOT Analysis:
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the tourism sector and within the broader political, economic and business environment.
BMI Industry Forecast Scenario:
Forecasts to end-2018 for all key indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:
Inbound tourism: Arrivals (?000), arrivals growth (% y-o-y), arrivals by region, growth (% y-o-y), arrivals by country, growth (% y-o-y), top 10 countries based on arrivals, growth (% y-o-y).
Outbound tourism: Departures (?000), growth (% y-o-y), departures by regional destination (?000 and growth % y-o-y).
Travel: Methods of travel for arrivals (Air, Ship, Rail), (?000) and (% growth y-o-y), international Tourism receipts for transport (US$bn), (growth % y-o-y), international Tourism receipts for travel items (US$bn), (growth % y-o-y).
Hotels: Hotel industry value (US$bn), (growth % y-o-y), (%GDP), (per capita), (per employee), number of hotels and like establishments (?000), (growth % y-o-y), total overnight stays, (?000), (growth % y-o-y), length of stay, occupancy rate (%), number of hotel rooms, (?000), (growth % y-o-y).
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 800-844-8156
Browse all Consumer Goods research reports at Fast Market Research
You may also be interested in these related reports:
- Chile Tourism Report Q4 2014
- Croatia Tourism Report Q4 2014
- Caribbean Tourism Report Q3 2014
- United States Tourism Report Q3 2014
- Saudi Arabia Tourism Report Q3 2014
- Egypt Tourism Report Q3 2014
- Oman Tourism Report Q3 2014
- United Arab Emirates Tourism Report Q3 2014
- Russia Tourism Report Q3 2014
- Kenya Tourism Report Q3 2014