Market Report, "Lodging in the Czech Republic", published

Lodging saw positive retail value sales development from 2012. The improved performance of hotels was one of the main reasons for the positive performance of lodging. Hotels recorded a 1% increase in outlets and value and a 7% rise in occupancy in 2014. The high demand from Czech consumers for domestic holidays and the popularity of the Czech Republic among foreign tourists boosted sales of hotels. However, the average length of stay decreased as well as average daily room rate of hotels which declined by 7%.

Industry Prospects

Hotels is expected to register a 1% value CAGR at constant 2014 prices over the forecast period. This is in line with the 2014 performance. The number of outlets is set to increase by a marginal volume CAGR. Hotel sales will be driven by increasing number of business and leisure tourists from abroad. However, more domestic consumers are looking for higher-priced holidays abroad, which will limit sales growth for hotels in the Czech Republic.

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Report Overview

Discover the latest market trends and uncover sources of future market growth for the Travel Accommodation industry in Czech Republic with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Travel Accommodation industry in Czech Republic, our research will save you time and money while empowering you to make informed, profitable decisions.

The Travel Accommodation in Czech Republic market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Travel Accommodation in Czech Republic?
* What are the major brands in Czech Republic?
* What is the rate of development for chained hotels vs independent hotels?
* How are luxury hotels performing compared to mid-priced and budget hotels?
* Is there an increase in hostels and campsites?

Reasons to Get this Report

* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats
* Inform your marketing, brand, strategy and market development, sales and supply functions

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