Fast Market Research

Market Report, "Czech Republic Tourism Report Q1 2013", Published

Recently published research from Business Monitor International, "Czech Republic Tourism Report Q1 2013", is now available at Fast Market Research


Boston, MA -- (SBWIRE) -- 12/20/2012 -- BMI's Czech Republic Tourism Report examines the recent performance of the tourism sector and looks at its potential over the period to 2017. The forecasts are largely based on a grim outlook for the eurozone, which is the key source region. The report considers data on the number of guests and overnight stays in the hospitality sector (and spa sector), including domestic tourism, which accounts for about a half of all guest nights. Source markets are analysed, revealing that the sector faces less interest from a number of important traditional source markets.

View Full Report Details and Table of Contents

Latest preliminary figures for Q212 show 2.6% year-on-year (y-o-y) growth in foreign tourist arrivals in the hospitality sector, which was down substantially compared with growth in Q211 (although the most recent data imply downward adjustments to Q211 figures). Growth in Q212 was also much weaker than that recorded in the first quarter of 2012. Overall, during H112, foreign and domestic tourist arrivals were up 7% and 5% y-o-y respectively.

Preliminary data for Q212 show a weak performance in total overnight stays in all accommodation establishments, which were largely unchanged year-on-year. Although foreign tourist nights were up 1.6% y-o-y, nights attributed to domestic residents declined 1.5%. In H112, however, the hospitality sector performed somewhat better, with total overnight stays up by a reasonable 4% y-o-y, largely due to a 6% increase in non-resident nights. Growth in arrivals from Germany and Russia - the two key source markets - during the first half of 2012 was very different, at under 3% and over 28% y-o-y respectively. Of note, there was strong growth in arrivals from the US (+17% y-o-y) over the same period. Nonresident guests in the spa sector, meanwhile, fell marginally in Q212 y-o-y, while resident guests rose 3.5%.

Over the last quarter BMI has revised the following forecasts/views:

- BMI's outlook for total visitor arrivals in 2012 has been edged down to just under 3% (from 4.3% previously). We anticipate some recovery in 2013 although growth has also been revised down slightly. Somewhat stronger growth is anticipated in the latter part of the extended forecast period to 2017.
- Weakness in the tourism sector is clearly evident from the latest data from Prague Ruzyne Airport, which show total and international traffic down nearly 9% y-o-y in the first seven months of 2012. Domestic passenger numbers - although relatively very small - also fell a massive 32%.

About Fast Market Research
Fast Market Research is an online aggregator and 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 will 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 or call us at 1.800.844.8156.

Browse all Consumer Goods research reports at Fast Market Research

You may also be interested in these related reports:

- Croatia Tourism Report Q1 2013
- Czech Republic Tourism Report Q4 2012
- Czech Republic Tourism Report Q4 2012
- Hungary Tourism Report Q1 2013
- India Tourism Report Q1 2013
- Brazil Tourism Report Q1 2013
- China Tourism Report Q1 2013
- Japan Tourism Report Q1 2013
- Travel and Tourism in the Czech Republic: Key Trends and Opportunities to 2016
- Morocco Tourism Report 2013