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Learn moreSep 2017
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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.
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.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Intermediaries industry in Slovakia 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.
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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.