Intermediaries in Slovakia

TRENDS

Intermediaries registered relatively strong current value growth of 3% in 2017. Despite the increasing numbers of Slovakians who are interested in leisure travel to traditional outbound destinations for beach tourism such as Tunisia and Turkey, the reluctance of many to travel to these destinations due to fears over instability, unrest and terrorism meant that many consumers instead chose destinations on the European side of the Mediterranean Sea. Furthermore, increasing numbers of Slovakians are choosing to spend their holidays within their own country. Ultimately, domestic tourists and those travelling to closer destinations in countries with similar cultures are generally more confident and comfortable when booking their own travel and tourism products and services directly, obviating the need for intermediaries to a large degree and suppressing the growth potential of intermediaries.

PROSPECTS

Over the forecast period, intermediaries is expected to be positively impacted by improvements in the economic conditions in Slovakia, as well as the expanding product portfolios of the country’s travel agencies. However, the unstable situation in some of the more popular outbound destinations for leisure holidays such as Turkey and Egypt is likely to continue having a rather negative impact on overall sales in the category during the forecast period. As a result, intermediaries is not expected to record strong growth over the forecast period, increasing in value at a CAGR of just 2% at constant 2017 prices.

Files are delivered directly into your account within a few minutes of purchase.