Competitiveness / Transport, Infrastructure and Tourism
This section feature research, opinion and progress reports on how the Czech Republic compares to other EU countries economically. It includes analysis of international rankings such as the WEF and World Bank.
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Spotlight issue
Prague 9th in ICCA 2019 ranking
International Congress and Convention Association (ICCA)’s 2019 statistics captured 13,254 rotating association meetings, the highest ever recorded annual figure in its yearly statistics, with an increase of 317 from last year’s record-breaking figures.
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PCB: From Record Rise to Record Decline: Impact of Crisis Measures on Prague Meetings Industry is Enormous
14 May 2020, Prague – Prague meetings industry is an essential part of the Czech capital city’s and country’s tourism, as well as of their economy. Based on an analysis conducted by KPMG for the Prague Convention Bureau in 2017, the meetings industry accounts for 15% of the overall tourism industry in Prague. At the same time, it is also the sector most affected by the crisis that incurred from the COVID-19 disease outbreak. According to the latest study by the Economic Impact company, revenues in multiplication may drop by more than 20 billion crowns in 2020. This represents a decrease of 74%, when compared with expected sales in case the emergency situation had not occurred.
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The way back: What the world can learn from China’s travel restart after COVID-19
With China’s COVID-19 lockdown over, travel is beginning to restart there. The country’s experience as consumer confidence in travel grows can help businesses in other parts of the world navigate the next normal.
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