Change in the Structure of the Accommodation Capacity of the Czech Hotel Industry under Conditions of Economic Globalization

Lucie Severová, Karel Šrédl, Marie Prášilová, Roman Svoboda, Alexandr Soukup, Marek Dvořák and Jitka Prachařová
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Lucie Severová: Department of Economic Theories, Faculty of Economics and Management, Czech University of Life Sciences Prague, 165 00 Prague, Czech Republic
Karel Šrédl: Department of Economic Theories, Faculty of Economics and Management, Czech University of Life Sciences Prague, 165 00 Prague, Czech Republic
Marie Prášilová: Department of Statistics, Faculty of Economics and Management, Czech University of Life Sciences Prague, 165 00 Prague, Czech Republic
Roman Svoboda: Department of Economic Theories, Faculty of Economics and Management, Czech University of Life Sciences Prague, 165 00 Prague, Czech Republic
Alexandr Soukup: Department of Economic Theories, Faculty of Economics and Management, Czech University of Life Sciences Prague, 165 00 Prague, Czech Republic
Marek Dvořák: Department of Management, Faculty of Economics and Management, Czech University of Life Sciences Prague, 165 00 Prague, Czech Republic
Jitka Prachařová: Department of Languages, Faculty of Economics and Management, Czech University of Life Sciences Prague, 165 00 Prague, Czech Republic

Sustainability, 2021, vol. 13, issue 16, 1-24

Abstract: As our research has shown, the number of foreign tourists visiting Czechia rose in the period between 2012 and 2017, as did hotel occupancy and accommodation prices. The growth of the local economy, the new airlines from Asia and the USA to Prague, and the perception of the Czech metropolis as a safe destination, played a big part in it. Compared to other accommodation facilities, the number of 5- and 4-star hotels is still growing in Czechia, thus better meeting the needs of demanding tourists. According to experience and statistical data, these are non-European tourists and tourists with above-average income. The growth in the number of these tourists had a strong influence on the increase in the number of hotels and the increase in the capacity of the highest-category hotels. Building new, quality hotels, and renovating historical buildings to a higher standard to provide an outstanding experience for foreign tourists staying in Czechia, can contribute to achieving the sustainability of the tourism sector in the country. Also mentioned is the current impact of the coronavirus pandemic on tourism in Czechia. A statistical analysis of time series of indicators and hypothesis testing were the main methods used in the study.

Keywords: accommodation; companies; domestic tourism; foreign tourism; globalization; hospitality; hotel industry; price; sustainability; tourism (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
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