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United States, Czech Republic, France and Hungary Tourism Report Q4 2015, New Report Launched

Market Research Reports, Inc. has announced the addition of “United States, Czech Republic, France and Hungary Tourism Report Q4 2015” research report to their website


Lewes, DE -- (SBWIRE) -- 08/18/2015 -- The US economy forecast to grow by 2.5% in 2015, we are anticipating an uptick in tourism arrivals, which will grow by 2.4%. We expect this to contribute to steady growth in the accommodation sector, with investment in the sector growing by a higher rate than arrivals.

The US tourism market is well-established, benefiting from the country's broad variety of attractions, ranging from city breaks, to beaches, to adventure holidays. There is a large domestic tourism market which helps to protect the industry from fluctuations in international arrivals. That said, the US is a hugely popular international destination, with arrivals rising from both Latin America and Europe, while Asia-Pacific tourists are also increasingly visiting the country. Although it is one of the more expensive global destinations, the US offers excellent facilities, with a variety of tiered hotel offerings and good infrastructure underpinning its geographical attractions.

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The Czech Republic has a well-developed yet unbalanced tourism market, with a high level of inbound arrivals but an overreliance on Prague as a city break destination. Growth is expected to remain steady, but in order to increase the future potential, more must be done to grow tourism and awareness of tourist facilities outside of traditional areas. Strong government support and the expansion of travel infrastructure will help the industry in this endeavour.

Inbound arrivals are set for steady yet unspectacular growth between 2015 and 2019, although this is significantly improved compared to a decline between 2013 and 2015. Economic concerns in the eurozone have damaged consumer confidence and delayed large expenditure on investment and international travel in key source markets, but we expect this to pick up significantly in the coming years. Strong marketing campaigns and improved future relationships with Russia will also help attract more tourists over the forecast period.

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France is forecast to see growth in almost all areas of its tourism sector. A continuing increase in international arrivals coupled with steadily rising numbers of domestic tourists will drive strong growth in tourism receipts to 2019. France's major cities remain the main focus of tourists, with Paris in particular receiving a disproportionately high number of visitors relative to more rural areas. This dynamic will result in a decrease in the overall number of hotels and establishments in the country as smaller, independent businesses are forced out by major chains.

France's tourism sector is strong, with high arrival numbers from fellow European countries as well as more remote markets such as the USA, Japan and China. Given the recent weakness of the euro and economic recoveries in key source markets, France has been a popular destination. The country also represents a attractive destination for visitors from outside of Europe owing to its central location, good transport network and close geographical proximity to many other popular tourist destinations such as the UK, Italy and Spain.

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Hungary's tourism sector is forecast to experience good growth up to 2019. This growth can be directly linked to the economic state of the country, something that is set to improve over the same period including an expected GDP growth of 3% over 2015. The sector will also benefit from increases in the number of inbound tourists, especially from nearby European countries, as other economies consolidate and disposable income becomes more readily available. The Hungarian government is keen to invest in tourism, including significant improvements in the travel infrastructure and developing better marketing to developing markets such as Asia and the Pacific.

Hungary's tourism is currently based predominantly around its major cities with the capital, Budapest, a particularly popular destination. This is highlighted by the number of domestic and international hotel chains with a range of properties in the largest urban areas and very little elsewhere. One of the most important markets for Hungary is Health Tourism. The government has been keen to stress the low cost of treatments and healthcare in the country compared to that of the UK, the US and Scandinavia. Health tourism is expected to grow by nearly 10% over the next five years.

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