Browse the complete Report on: Czech Republic Tourism Report Q4 2010
Browse All Business Monitor International Market Research Reports
Tourism Overview 

After sharp falls in foreign tourist arrivals in the Czech hospitality sector in the early part of 2009, there has been a continuing improving trend in recent quarters. Although foreign guest arrivals declined by 8.5% year-on-year (y-o-y) in 2009, compared with a 2.6% fall in domestic tourism, the rate of decline in foreign arrivals narrowed to -3.5% y-o-y in Q409. Data for Q110 show a turnaround in foreign tourism, with a nearly 3% y-o-y increase in the number of foreign guests, although domestic guest numbers fell compared with Q109.

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; the UK; the US and Russia, with the latter two forecast to achieve relatively strong economic growth over the same period. A factor likely to restrict growth in arrivals over the next few years is the exchange rate, with the koruna expected to resume its broad uptrend, particularly against the euro. We hold to our view that the koruna will appreciate to CZK24.500/EUR by the end of 2010.

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.
About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/

Original Source : Czech Republic Tourism Market
Buy Now : Market Research Report

Browse the complete Report on : Czech Republic Autos Report Q4 2010

Browse All Business Monitor International Market Research Reports


The Czech auto industry continues to be one of the most important in Europe, despite the global economic crisis which has hit the Central European industrial centre particularly hard. In 2009 the economy shrank 4.1% as the export-oriented economy suffered under collapsing global demand. The economy has begun to pick up again in 2010, but the situation is far from perfect with relatively stagnant consumer demand in Europe. This is likely to be exacerbated as many countries in Europe pursue a policy of fiscal retrenchment which will dampen any rising consumer demand. Luckily for the Czechs, however, their largest auto export market, Germany, shows little sign of cutting an already small deficit.
Despite these troubled times, Czech auto production has staged a remarkable comeback. Improved Q1 production was quickly followed by the fastest half-year growth in nine years. Total production stood at 559,000 units – which represents 18% growth year-on-year (y-o-y). This figure is overwhelmingly composed of the 557,000 passenger cars produced. This increased production was driven largely by Škoda Auto and Hyundai Motor, whose production grew 17% and 84% respectively. The bulk of Škoda's increased production was driven by sales in China, which now represents the firm's largest market with 22% of all new Škodas sold in the country. Hyundai's production growth is particularly marked, with the firm now producing 92,000 units at its Czech plant. However, non-passenger vehicle production has continued to be disappointing, as light commercial vehicle (LCV) sales have fallen 54% to 5,903 units. This has been attributed to the continued imbalance between the VAT regimes for passenger cars and for LCVs. Similarly, lorry sales have fallen 6.4% as the economy at large continues to experience the sluggish growth common to much of the developed world.
These figures indicate a successful year is ahead for the Czech auto industry, yet this must be tempered with reports that company purchases of passenger cars are being scaled back as they seek to save money on car benefits – which are often generous in the Czech Republic. This is significant given that 56% of the Czech car market is made up of corporate purchases. This said, the composition of the Czech car market has changed since 2008. Despite economic difficulties, higher-value models have gained market share. The share of sales comprised of small and mini cars has fallen from 50% in 2008 to 30% in 2010. This strategy has increased the market share of combi models to around a third. This shift is largely owing to the aggressive pricing strategy adopted in the Czech market, which is ensuring that otherwise anxious consumers are purchasing new high-end vehicles. While this strategy has squeezed margins on what are otherwise profitable models, this shift represents greater potential for future profits. Due to this, and many other broader economic factors, the Czech auto market is likely to see a promising growth in sales. BMI expects the Czech Republic to maintain its position as one of Europe's most important centres of auto production. Despite the somewhat volatile link between auto demand and broader economic confidence, the improving global situation is providing the industry with an opportunity to adjust to consumer preferences and expand into new and profitable areas. Despite rising costs, firms have demonstrated a long-term commitment to the Czech market and are increasingly demonstrating effective cooperation with local workforces pushing for higher wages.
About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
 Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/

Browse the complete Report on –  Czech Republic Autos Report Q4 2010

Browse All Business Monitor International Market Research Reports

The Czech auto industry continues to be one of the most important in Europe, despite the global economic crisis which has hit the Central European industrial centre particularly hard. In 2009 the economy shrank 4.1% as the export-oriented economy suffered under collapsing global demand. The economy has begun to pick up again in 2010, but the situation is far from perfect with relatively stagnant consumer demand in Europe. This is likely to be exacerbated as many countries in Europe pursue a policy of fiscal retrenchment which will dampen any rising consumer demand. Luckily for the Czechs, however, their largest auto export market, Germany, shows little sign of cutting an already small deficit.

Despite these troubled times, Czech auto production has staged a remarkable comeback. Improved Q1 production was quickly followed by the fastest half-year growth in nine years. Total production stood at 559,000 units – which represents 18% growth year-on-year (y-o-y). This figure is overwhelmingly composed of the 557,000 passenger cars produced. This increased production was driven largely by Škoda Auto and Hyundai Motor, whose production grew 17% and 84% respectively. The bulk of Škoda’s increased production was driven by sales in China, which now represents the firm’s largest market with 22% of all new Škodas sold in the country. Hyundai’s production growth is particularly marked, with the firm now producing 92,000 units at its Czech plant. However, non-passenger vehicle production has continued to be disappointing, as light commercial vehicle (LCV) sales have fallen 54% to 5,903 units. This has been attributed to the continued imbalance between the VAT regimes for passenger cars and for LCVs. Similarly, lorry sales have fallen 6.4% as the economy at large continues to experience the sluggish growth common to much of the developed world.
These figures indicate a successful year is ahead for the Czech auto industry, yet this must be tempered with reports that company purchases of passenger cars are being scaled back as they seek to save money on car benefits – which are often generous in the Czech Republic. This is significant given that 56% of the Czech car market is made up of corporate purchases. This said, the composition of the Czech car market has changed since 2008. Despite economic difficulties, higher-value models have gained market share. The share of sales comprised of small and mini cars has fallen from 50% in 2008 to 30% in 2010. This strategy has increased the market share of combi models to around a third. This shift is largely owing to the aggressive pricing strategy adopted in the Czech market, which is ensuring that otherwise anxious consumers are purchasing new high-end vehicles. While this strategy has squeezed margins on what are otherwise profitable models, this shift represents greater potential for future profits. Due to this, and many other broader economic factors, the Czech auto market is likely to see a promising growth in sales. BMI expects the Czech Republic to maintain its position as one of Europe’s most important centres of auto production. Despite the somewhat volatile link between auto demand and broader economic confidence, the improving global situation is providing the industry with an opportunity to adjust to consumer preferences and expand into new and profitable areas. Despite rising costs, firms have demonstrated a long-term commitment to the Czech market and are increasingly demonstrating effective cooperation with local workforces pushing for higher wages.

ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.

Ms. Sunita

7557 Rambler road,

Suite 727, Dallas, TX 75231

Tel: +1-888-989-8004

Browse the complete Report on: Czech Republic Petrochemicals Report Q4 2010

Browse All Business Monitor International Market Research Reports

The uptick in Czech petrochemical production figures from Q409 is based largely on favourable base effects, and while there are other factors to push output higher in 2010 and into 2011, the industry remains vulnerable to a slowdown in car making brought on by decreased demand in Germany and the volatility of the Czech koruna against the euro, according to BMI’s latest Czech Republic Petrochemicals Report.
As a highly trade integrated economy, the Czech Republic is heavily exposed to fluctuations in final demand, with Germany's deep recession and concomitant collapse in industrial orders, having a substantial impact on the Czech petrochemicals industry. Key sectors determining output will be the construction, automotive, packaging and consumer goods industries. These are witnessing varying levels of demand as a result of weaknesses in the domestic and external markets for end-products. On the downside, the German consumer is going to remain very subdued. This will cast a shadow on hopes of reviving exports of Czech petrochemicals and products that utilise petrochemical products, forcing them to diversify markets.
A number of challenges across segments are likely to prevent an early return to pre-recession petrochemicals consumption rates. Growth in engineering plastics, particularly in the PP segment, will be highly influenced by growth in the car industry, with Czech carmaker Škoda Auto reporting 25% yearon- year (y-o-y) growth in sales. However, the tide could be turning for the sector with signs of a decline in sales in Q210. With the end of scrappage schemes in most countries in Europe, sales have fallen back to lower levels, ending the short term increase created by the incentive packages and giving a bleak outlook for the market. BMI is forecasting a fall of over 6% y-o-y in European car sales, to 15.5mn units this year. However, in the long term, the automotive industry will remain a key driver of demand for polymers in the Czech Republic. The packaging and consumer goods industries are likely to follow the same pattern as the automotive industry, although domestic demand is likely to fare less badly than exports. PVC is likely to come under pressure from continued weakness in construction. Following a strong start to 2010, the Czech construction industry has slumped again with quarterly figures showing a drop in industry value for the year. The industry is expected to shrink by 10% in 2010 as total capital investment falls 20%, although growth is expected from 2011.
The volatility of the koruna is also likely to add considerable uncertainty to the domestic petrochemicals producers as well as their customers in the Czech Republic, particularly in the export-oriented automotive sector. This will influence decisions by domestic petrochemicals consumers that can easily source from neighbouring Poland and Slovakia. Consequently, Czech plants will be under pressure to compete, while export markets – particularly in the Middle East – are seeing a sharp rise in domestic production capacities at a time of moderating demand growth.

About Us

ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.


Contact:

Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/

http://reportsandreports.proarticles.co.uk/

http://reportsnreports.wordpress.com/