Czech Republic Tourism Report Q1 2012
Business Monitor International, November 2011, Pages: 59
Business Monitor International's Czech Republic Tourism Report provides industry professionals and strategists, corporate analysts, tourism associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Czech Republic's tourism industry.
Tourism Overview
There has been a strong rebound in foreign tourist arrivals to the Czech Republic over the last 12 months or so, with growth averaging over 8% year-on-year (y-o-y) in each of the four quarters from Q310 to Q211. After a 7% y-o-y increase in foreign arrivals in Q111, the most recent available figures, for Q211, show even stronger growth of 13.5% y-o-y. This equates to growth of 11% year-on-year (y-o-y) in the first six months of 2011.
Hospitality
The hospitality sector data for Q211 show a 7.2% y-o-y rise in total overnight stays in all accommodation establishments to 9.6mn, following a 6.5% y-o-y rise in Q111. This favourable growth came from a buoyant increase in foreign tourist overnight stays, up by over 15% y-o-y, to about 5.5mn nights (about 58% of the total). In contrast, nights spent by domestic tourists fell by about 2% y-o-y to 4.1mn. Total guest numbers rose by almost 9% y-o-y in Q211, with the number of foreign and domestic guests increasing by 13.5% and 3.4% y-o-y respectively. Nights by foreign tourists in the spa sector increased by a solid 10% y-o-y, but resident tourist nights declined by almost 8% y-o-y, following another weak performance in Q111. Overall, arrivals in the hospitality sector from the main source market, Germany (accounting for over 20% of the total in Q211), rose by 9% y-o-y. It was growth in visitor numbers from Russia though that again impressed, up by 51% y-o-y, accounting for over 8% of all arrivals. Of the top 10 source markets in Q211, every country provided positive year-on-year growth with the exception of the UK, which showed a 6% y-o-y fall.
Forecast Scenario
Based on the relative strength of arrivals in the first part of 2011, BMI has revised up the annual growth forecast for foreign tourist arrivals in 2011 to 7.5%. BMI maintains its view, however, of weaker growth in foreign tourism in 2012 of less than 5%. These forecasts are partly based on modest real GDP growth (revised down this quarter) in the major source region, the eurozone, of 1.7% and 1.2% in 2011 and 2012 respectively. Growth in Germany is forecast to slow from 3.1% in 2011 to 1.3% in 2012 (also revised down). Although economic growth in Russia, over the same period, is strongly supportive of tourism to the Czech Republic, this is less true of Italy, the UK and the US.
Prague Ruzyne Airport
After two years of decline in total passenger numbers and international traffic at Prague Ruzyne Airport, data for the first eight months of 2011 show a 4.1% y-o-y rise in total passenger traffic, with international passenger numbers up by 4.5% y-o-y. In sharp contrast, domestic traffic, although relatively minor, was down by 36% y-o-y.
Czech Airlines
In a difficult year for the company, Czech Airlines (CSA) reported that total revenue fell to about CZK16.5bn (US$886mn) in 2010, down by over 16% y-o-y. However, pre-tax profit improved substantially to CZK76m (US$4.1mn) from 2009’s loss. Passenger traffic also fell in 2010, to 5.1mn, an annual fall of about 7%. Traffic data remained in negative territory in January-August 2011, when there was a fall of almost 4% y-o-y in scheduled passenger numbers. In November 2011, CSA launched a regular service from Karlovy Vary in the west of the Czech Republic to Samara in Russia.
Other Airlines
In June 2011, US carrier Delta Air Lines resumed a nonstop seasonal service between Prague Ruzyne Airport and Hartsfield-Jackson Atlanta International Airport. In October 2011, Air France launched a direct flight between Prague and Marseille. In 2011, three new airlines started regular scheduled operations from Prague: two Italian carriers, Air Italy (to Hamilton, Canada) and Air One (to Pisa and Milan), and the Dutch Transavia (to Rotterdam).
Executive Summary
SWOT Analysis
Czech Republic Tourism SWOT
Czech Republic Political SWOT
Czech Republic Economic SWOT
Czech Republic Business Environment SWOT
Industry Forecast Scenario
Arrivals
Table: Arrivals Data, 2008-2015
Accommodation
Table: Hotels Data, 2008-2015 (‘000, unless stated)
Expenditure
Table: Tourism Expenditure And Economic Impact, 2008-2015
Inbound Tourism
Table: Tourist Arrivals, 2008-2015 (‘000, unless stated)
Outbound Tourism
Table: Outbound Tourism Data, 2008-2015
Market Overview – Travel
Commercial Airlines
Table: Czech Airline’s Market Share Of Scheduled Routes From Prague Ruzyne Airport, 2002-2009 (%)
Table: Czech Airline Industry Key Players, 2010
Global Oil Products Price Outlook
Market Overview – Hospitality
Accommodation Developments
Infrastructure
Business Environment Outlook
Central And Eastern Europe Tourism Business Environment Ratings
Table: Central And Eastern Europe Travel And Tourism Business Environment Ratings
BMI’s Security Ratings
Table: Europe Security Risk Ratings
Table: Europe State Terrorism Vulnerability To Terrorism Index
City Terrorism Ratings
Table: BMI’s Central And Eastern Europe And Central Asia City Terrorism Index
Europe Security Overview
Global Assumptions
Europe On The Edge
Table: Global Assumptions, 2009-2015
Table: Global And Regional Real GDP Growth, 2010-2013 (% chg y-o-y)
Table: Developed Market Exchange Rates, 2010-2013
Table: Emerging Market Exchange Rates, 2010-2013
Developed States
Table: Developed States Real GDP Growth Forecasts, 2010-2013 (%chg y-o-y)
Emerging Markets
Table: Emerging Markets Real GDP Growth Forecasts, 2010-2013 (% chg y-o-y)
Table: Real GDP Growth Consensus Forecasts, 2011-2012 (%chg y-o-y)
Company Profiles
Czech Airlines
Orea Hotels
BMI Methodology
How We Generate Our Industry Forecasts
Tourism Industry
Tourism Ratings – Methodology
Table: Tourism Business Environment Indicators
Table: Weighting of Components
City Terrorism Ratings
Table: City Terrorism Ratings Methodology
Sources
- Czech Airlines
- Orea Hotels
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