Economic policy / Transport, Infrastructure and Tourism
This section reports on economic policy initiatives of the Czech government, the EU, and other entities that have a direct impact on the competitiveness of the country. It also includes information on economic priorities of the AmCham and other leading associations.
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Spotlight issue
Impact of Tourists on the Economy - AmCham Hospitality Recovery Proposal
International tourism contributes more to the country’s economy than is revealed in national statistics. Not only do tourists serve an “export” role by spending income earned abroad at Czech hotels and in other industries designated as the tourist sector, but tourists also support the restaurant, retail, culture, banking (through withdrawal fees), telecommunication, and transport industries. National and city assessments of the economy do not assess this impact. We estimate, conservatively, that tourists contribute CZK 11,189 per night spent in Prague.
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AmCham CZ: Return to Bohemia and Moravia
Covid has had and likely will have a devastating short-term impact on the Czech tourism industry. The tourist sector depends on foreign guests for a large share of its income. This is particularly true of Prague. The domestic tourism market should revive this summer, although decreased family incomes– or fears of decreased incomes– may result in less spending and shorter stays through the winter ski season.
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AmCham Rescue and Recovery of International Tourism Proposal
Tourism has been decimated by the spread of the coronavirus and then stopped by the government restrictions needed to contain the virus. If the international tourism infrastructure in Prague is too damaged by bankruptcies, the ability of the city and country to recover after the virus is suppressed could extend for years instead of months. That is why we propose special measures aimed at supporting the country’s essential international tourism infrastructure.
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Roundtable with Z. Horelica from the State Fund for Infrastructure: a prospect for 2020-2021
On November 14, the American Chamber of Commerce hosted a roundtable with Zbynek Horelica, a director of State Fund for Infrastructure on the budget 2019 and perspective for 2020 - 2021.
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