Tourism Overview Following relatively sharp falls in foreign tourist arrivals in the hospitality sector in H209, tourism has recorded an improving positive growth trend over the first three quarters of 2010, with growth rates in arrivals of 2.8%, 4.4% and 7% year-on-year (y-o-y) respectively in each quarter. Putting the recovery in context however, and taking account of the tourism downturn in 2009, foreign guest numbers in Q310 were still slightly below that recorded in Q308.
Hospitality The hospitality sector showed signs of recovery in Q310, although resident tourism remained weak. Foreign and domestic tourist overnight stays combined totalled almost 14.1mn in Q310, up just less than 1% y-o-y. Nights by domestic residents fell 2.5% y-o-y, while foreign tourist nights rose an improving 5% compared with the same quarter in 2009. Total guest numbers in all accommodation establishments increased 2.7% y-o-y to nearly 4.4mn. This was due to a favourable performance by foreign guest arrivals, which were up 7% y-o-y, while domestic guest numbers continued to record negative growth (albeit marginal). In the spa accommodation sector, the number of overnight stays totalled 2.1mn, an increase of 2.7% y-o-y. Foreign tourist spa nights increased by about 4% y-o-y, while resident nights were up a weaker 2%. Concerning major source markets in Q310, although German guest numbers – accounting by far for the largest share (nearly 20%) – were down about 5% y-o-y, arrivals from Russia and the US were up a strong 36% and 16% y-o-y respectively, while guest arrivals from Poland and the UK also rose a reasonable 6% and 4% respectively.
Forecast Scenario BMI has raised its growth forecast slightly to 4% y-o-y for foreign tourist arrivals in 2011. The background to these forecasts is steady growth in the major source region, the eurozone, going into 2011 (at 1.6%), although the risks are finely balanced. Economic growth in the key source market, Germany, however, is forecast to slow to 2.1% in 2011 (from an estimated 3.6% in 2010), while short-term growth forecasts for the UK, the US and Russia are favourable. Forecast koruna appreciation against the euro during 2011 and 2012 however, is expected to have a dampening effect on foreign arrivals over the next few years.
Prague Ruzyn? Airport The latest figures for January-November 2010 show a marginal increase in passenger numbers to just over 10.8mn at Prague Ruzyn? Airport (following an annual decline of almost 8% in 2009). International traffic edged up 0.2% y-o-y to 10.7mn passengers, while negative growth in domestic traffic worsened, compared with that recorded a year earlier, falling a marked 15% y-o-y.
Czech Aeroholding In November 2010 the government approved the creation of a holding company called Czech Aeroholding, comprised of government-owned companies in air carriage and ground services. This includes the integration of domestic carrier Czech Airlines (CSA), its subsidiaries and Prague Airport into a stable and strongly capitalised joint-stock company – yielding significant operational and financial savings – directly overseen by the state.
SmartWings From the summer 2011 low-cost Czech carrier SmartWings will offer several new flights from Prague, including Burgas (Bulgaria), Antalya (Turkey), Pescara (Italy), and two destinations in France, Nantes and Nice.

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Executive Summary 5
SWOT Analysis 7
Czech Republic Tourism SWOT 7
Czech Republic Political SWOT 8
Czech Republic Economic SWOT 8
Czech Republic Business Environment SWOT 9
Industry Forecast Scenario 10
Arrivals 10
Table: Arrivals Data, 2007-2015 10
Accommodation 12
Table: Hotels Data, 2007-2015 13
Expenditure 14
Table: Tourism Expenditure And Economic Impact, 2007-2015 14
Inbound Tourism 15
Table: Tourist Arrivals By Region, 2007-2015 15
Outbound Tourism 16
Table: Outbound Tourism Data, 2007-2015 16
Market Overview – Travel 18
Commercial Airlines 20
Global Oil Products Price Outlook 24
Table: Oil Product Price Assumptions, Q410-Q411 (US$/bbl) 24
Table: Oil Product Price Data And Forecasts, 2008-2015 (US$/bbl) 27
Market Overview – Hospitality 29
Accommodation Developments 30
Infrastructure 31
Business Environment Outlook 33
Table: Central And Eastern Europe Travel And Tourism Business Environment Ratings 33
Czech Republic’s Business Environment 33
BMI’s Security Ratings 35
City Terrorism Ratings 38
Table: BMI’s Central And Eastern Europe And Central Asia City Terrorism Index 38
Central And Eastern Europe Security Overview 39
Monetary Policy 41
Global Assumptions 43
Table: Global Assumptions, 2009-2015 43
Table: Regional Real GDP Growth, 2010-2013 (% change y-o-y) 44
Table: Selected Exchange Rates, 2010-2013 (average) 44
Developed States 45
Table: Developed States’ GDP Growth, 2010-2013 (% change y-o-y) 46
Emerging Markets 47
Table: Emerging Market’s GDP Growth, 2010-2013 (% change y-o-y) 47
Consensus Forecasts 48
Table: Consensus Forecasts, 2011 And 2012 48
Company Profiles 49
Czech Airlines 49
Orea Hotels 51
BMI Methodology 52
How We Generate Our Industry Forecasts 52
Tourism Industry 53
Tourism Ratings – Methodology 53
Table: Tourism Business Environment Indicators 54
Weighting 55
Table: Weighting of Components 55
Sources 55
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