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Learn more14 pages, Nov 2017
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Intermediaries posted 3% current value growth during 2017. This was similar to the CAGR of 2% seen at current prices over the review period, but was slower than the growth in the number of domestic and outbound trips. Consumers are shifting towards online intermediaries, which saw 11% growth in value sales in 2017, and replaced some sales via traditional offline intermediaries, which are represented mainly by travel agencies and tour operators. Offline value sales of intermediaries declined by 1% in 2017. Consumers prefer greater freedom of choice, and packaged holidays from tour operators do not fulfil their requirements. This is mainly true for younger people and couples. Older consumers or families still find benefits in using the services of tour operators.
Different categories in booking are expected to post varying performances over the forecast period. Intermediaries other transport is predicted to post a value CAGR of 4% at constant 2017 prices in the forecast period, mainly thanks to the expansion of cheap bus and train routes from the Czech Republic abroad, which started in 2017. Lodging sales are expected to be fuelled by the growing number of domestic trips and arrivals, which will result in a value CAGR of 3% at constant 2017 prices. The worst performance is expected to be seen by intermediaries other sales, with a negative value CAGR of 4% at constant 2017 prices, mainly through the reallocation of these products into other channels, such bundled into packages. Intermediaries package holidays is predicted to see a negative value CAGR of 3% at constant 2017 prices in the forecast period, mainly due to the growing popularity of independent travel.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Intermediaries 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 Intermediaries industry in Czech Republic, our research will save you time and money while empowering you to make informed, profitable decisions.
The Intermediaries in Czech Republic market research report includes:
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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.