The absence of overhaul flights from Prague to destinations in the USA and Asia impacts the recovery of inbound tourism in 2023. As such, it is yet to reach pre-pandemic levels.
Airlines continue to post strong retail value growth thanks to high ticket prices. In terms of retail volume, airlines post solid growth, but fail to reach levels seen in 2019.
Luxury hotels are experiencing the slowest recovery, with a slow return of tourists from high-spending destinations. Business travel will see positive growth in 2023, but far from levels seen in 2019, further impacting the recovery of luxury hotels.
Direct suppliers continue to grow their travel share through travel intermediaries, which are increasingly looking to reinvent and diversify their offering to cater for more customers. The last few years, however, showed travel intermediaries are here to stay, having grown a solid customer base among families and pensioners.
Travel will suffer from continued high inflation and growing prices in 2023 and 2024. This will impact the number of trips and tourists, who will continue to look for cheaper options.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
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.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
If you're in the Travel industry in Czech Republic, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!