Travel overall in Czech Republic has started 2022 in an upbeat mode with good prospects for a strong recovery over the forecast period, thanks to eased restrictions and high vaccination rates. However, challenges remain in the form of inflation, workforce shortages due to staff departures during the pandemic, and lower demand from more affluent and high-net-worth tourists.
Renewed demand for air travel in 2022 is driven by the lifting of travel restrictions and quarantine requirements combined with pent-up demand following a two-year pause in travel during the pandemic. The majority of pre-pandemic routes to European and Middle East destinations are now re-opened.
Lodging continues to face challenges in 2022, following government-subsidised support programmes during the pandemic and a rise in domestic tourism. This has led to more outlets than expected remaining open but lodging in 2022 now suffers from both reduced inbound tourism and staff shortages.
Booking overall is rising in 2022, in terms of both direct suppliers and travel intermediaries, both online and offline. However, growth remains curtailed by lagging offline value sales as online value sales have surpassed pre-pandemic levels this year.
Challenges facing travel in 2023 will include reduced disposable incomes resulting from macroeconomic factors such as inflation and rising fuel and food prices, making overseas and even domestic travel less affordable. Consumers are thus likely to downgrade and opt for cheaper destinations and accommodation solutions.
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Travel encompasses several categories including tourism flows, lodging, travel modes, in-destination spending and booking.See All of Our Definitions
This report originates from Passport, our Travel research and analysis database.
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