Inbound tourism is lagging behind outbound tourism in 2024. Despite consumers having to manage tighter budgets in the last couple of years of the review period the demand for outbound travel continues to see strong growth in 2024.
Air fare prices have stabilised as the demand as well as fleet capacity, passenger occupancy and competition (in terms of new air routes) grows. Many customers remain sensitive to increases in air fares as inflation and a general increase in the cost of living in the last couple of years of the review period has impacted their budgets.
Hotels have face numerous challenges in the last few years of the review period including an increase in operating costs, labour shortages and a high turnover of staff, while hotels situated in ski resorts have face an issue with the increasingly unpredictable winter weather conditions.
Demand for the services offered by travel intermediaries remains high although customer preferences and expectations are changing. As such, travel intermediaries are responding with changes in their offering including better quality holiday packages for shorter time periods, convenient travel to exotic destinations, a good selection of nature and adventure trips, and a focus on first minute sales.
Over the forecast period, Czech tourism will have to address several challenges in order to maintain its growth momentum. First it will need to focus on reviving inbound tourism as well as bringing a reasonable mix of Czech and foreign tourists.
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Understand the latest market trends and future growth opportunities for the Travel industry in Czech Republic with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Travel
Travel encompasses several categories including tourism flows, lodging, travel modes, in-destination spending and booking.
See All of Our DefinitionsThis report originates from Passport, our Travel research and analysis database.
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