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Hospitality In 2009, total overnight stays by foreign and domestic tourists were down by 6% y-o-y, with foreign and domestic tourist nights declining by 10.5% and 1.3% y-o-y respectively. In Q110, the hospitality sector recorded a rather weak performance, although non-resident tourism showed promising signs of improvement. Total foreign and domestic tourist overnight stays amounted to about 6.9mn in Q110, down just over 1% y-o-y. Of these overnight stays, foreign tourist nights edged up by 0.5% y-o-y but nights by domestic residents declined by nearly 3% y-o-y. Total guest numbers rose by 0.5% y-o-y to over 2.2mn at all accommodation establishments, driven by positive growth in the number of foreign guests, while domestic guest numbers fell y-o-y. Although foreign tourist spa nights also showed signs of an improving trend, they were still down by 3% y-o-y in Q110. In terms of the Czech Republic's key source markets, the number of guests from Germany, Italy and the UK all declined y-o-y, although arrivals from Germany fell only slightly. The number of visitors from Russia and Poland increased by 4.5% and 1% y-o-y respectively. Forecast Scenario Our growth forecast of 2% y-o-y for foreign tourist arrivals in 2010 remains unchanged. BMI estimates that there was a 9% y-o-y fall in arrivals in 2009. We anticipate a slight acceleration in growth in 2011 to 4%. This forecast scenario is partly based on economic recovery in the Czech Republic's main source markets. These include the eurozone, where growth is forecast at 1.0% and 1.4% - downgraded from 1.6% - in 2010 and 2011 respectively; Czech Airlines Domestic carrier Czech Airlines (CSA) recorded a considerable loss of CZK3.7bn (US$198mn) in 2009, with a 3% y-o-y fall in passenger numbers to 5.46mn. The company has a three-year recovery plan approved by the government, with the aim to cut the loss by CZK600mn in 2010. Two of the points in the plan are further sales of assets and the separation of more activities into subsidiaries. CSA reported a recovery in scheduled passenger numbers in the first five months of 2010, with traffic increasing by 4.4% y-o-y. Press reports also indicate improved y-o-y financial results for Q110. Prague Ruzyne Airport Following a decline of nearly 8% y-o-y in total passenger traffic at Prague Ruzyne Airport in 2009, including an equivalent fall in international passenger numbers, there are tentative signs of recovery at the airport. Data for period January-May 2010 show a 0.1% y-o-y increase in total passenger traffic to 4mn. Although international traffic was up by 0.4% y-o-y to just under 4mn, domestic passenger numbers continued to fall, declining by 19% y-o-y. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary SWOT Analysis - Czech Republic Tourism SWOT - Czech Republic Political SWOT - Czech Republic Economic SWOT - Czech Republic Business Environment SWOT Industry Forecast Scenario - Arrivals - Table: Arrivals Data, 2006-2014 - Accommodation - Table: Accommodation Data, 2006-2014 - Expenditure - Table: Tourism Expenditure & Economic Impact, 2006-2014 - Inbound Tourism - Table: Tourist Arrivals, 2006-2014 ('000, unless stated) - Outbound Tourism - Table: Outbound Tourism Data, 2006-2014 - Table: Resident Departures By Country, 2006-2014 ('000) Market Overview - Travel - Commercial Airlines - Global Oil Products Price Outlook - Table: Oil Product Price Data & Forecasts, 2010 (US$/bbl) - Table: Oil Product Price Data & Forecasts, 2007-2014 (US$/bbl) Market Overview - Hospitality - Accommodation Developments - Infrastructure Business Environment Outlook - Table: Central And Eastern Europe Travel & Tourism Business Environment Ratings - Czech Republic's Business Environment - BMI's Security Ratings - Table: Europe Security Risk Ratings - Table: Europe State Terrorism Vulnerability To Terrorism Index - Czech Republic's Security Risk Rating - Central And Eastern Europe Security Overview Currency Forecast - Table: BMI Czech Republic Currency Forecasts, 2010-2011 Global Assumptions - Table: Global And Regional Real GDP Growth And Exchange Rates, 2009-2012 - Table: Global Assumptions, 2008-2014 - Table: Developed States' Real GDP Growth, 2009-2012 - Table: Emerging Markets' Real GDP Growth, 2009-2012 Company Profiles - Czech Airlines - Orea Hotels BMI Methodology - How We Generate Our Industry Forecasts - Tourism Industry About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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