ANALYSIS OF THE ECONOMIC TRENDS IN TOURISM BUSINESSES IN THE CZECH REPUBLIC

Abstract

The rapid expansion of tourism over the past years mirrored clearly on economics in many tourism-oriented countries. In order to find out how tourism benefits economy, it must be measured, however, due to multidisciplinary character of tourism, it is not an easy task. Therefore, tourism statistics includes several variables out of which consumption is considered economically the most valuable. The main purpose of this research is to analyze the economic situation of chosen tourism economic activities in the Czech Republic and to predict the trends for future years so that entrepreneurs can adapt to expected or unexpected development in tourism businesses and become sustainable for future tourist generation. Secondary data of internal consumption of tourism in the Czech Republic from 2003 to 2015 were analyzed by using regression analysis for graphical depiction and by using average absolute growth and average growth rate.