BMI's Executive Summary

[TOP]

Prague Ruzyne International Airport

After relatively strong increases in passenger numbers at Prague Ruzyne International Airport in the past three years, the outlook is sanguine for 2007. Latest data for H107 show the airport handled almost 5.6mn passengers, up a strong of 9% y-o-y. Low-cost carriers continue to record the best growth rates, with just over 29% more passengers y-o-y in the first half of 2007. Moreover, low-cost airlines accounted for nearly a quarter of the airport's total activities in H107. CSA maintains its position as the largest carrier, however, with 43% of the total number of passengers in the same period.

Czech Airlines

As Czech Airlines (CSA) proceeds with its restructuring plan, financial results for H107 show a significant improvement, with the company reducing losses to CZK175mn (US$8.8mn), from CZK773mn in the corresponding period of 2006. Traffic data for the period January to June 2007 show CSA carried 2.49mn passengers, up a modest 1% y-o-y. The company, which appears to be on track to meet its profit target for 2007, may add Boeing 767 or Airbus A330 planes to its fleet. In September 2007, the government confirmed that the airline will be privatised once the restructuring process is completed in 2008.

Prague Ruzyne International Airport

After relatively strong increases in passenger numbers at Prague Ruzyne International Airport in the past three years, the outlook is sanguine for 2007. Latest data for H107 show the airport handled almost 5.6mn passengers, up a strong of 9% y-o-y. Low-cost carriers continue to record the best growth rates, with just over 29% more passengers y-o-y in the first half of 2007. Moreover, low-cost airlines accounted for nearly a quarter of the airport's total activities in H107. CSA maintains its position as the largest carrier, however, with 43% of the total number of passengers in the same period.

Czech Airlines

As Czech Airlines (CSA) proceeds with its restructuring plan, financial results for H107 show a significant improvement, with the company reducing losses to CZK175mn (US$8.8mn), from CZK773mn in the corresponding period of 2006. Traffic data for the period January to June 2007 show CSA carried 2.49mn passengers, up a modest 1% y-o-y. The company, which appears to be on track to meet its profit target for 2007, may add Boeing 767 or Airbus A330 planes to its fleet. In September 2007, the government confirmed that the airline will be privatised once the restructuring process is completed in 2008.

Chapter 1 - Executive Summary

Tourism Overview

Forecast Scenario

Athens International Airport

Olympic Airlines

Chapter 2 - Market Overview

Tourism Outlook

Table: Greece: Tourism Sector - Historical Data & Forecasts

Table: Greece: Travel Forecast

Greece Tourism Industry SWOT

Chapter 3 - Travel

Commercial Airlines

Table: Key Players - Commercial Airlines 2005

Chapter 4 - Hospitality

Accommodation

Table: Structure of Accommodation Market

Accommodation Developments

Table: Key Players - Hospitality Sector 2005

Gambling

Chapter 5 - Forecast Scenario

Macroeconomic Activity

Table: Economic Growth

Chapter 6 - Tourism Business Environment Rankings

Middle East, Europe And Africa

Table: Middle East, Europe and Africa Tourism Business Environment Rankings Matrix

Long-Term Political Risk

Country Business Environment

International Tourism Receipts

Visitor Arrival Growth

Investment Environment

Shock Factor

Greece Business Environment Overview

Political Outlook

Political SWOT Analysis

Business Environment Outlook

Greece Business Environment SWOT Analysis

Foreign Direct Investment

Overview

Foreign Investment Regime

Administrative Hurdles

Reform Progress

Chapter 7 - Company Profiles

Olympic Airlines

Aegean Airlines

Hyatt Regency

Grecotel

Hilton

Chapter 8 - BMI Forecast Modelling

How We Generate Our Industry Forecasts

Tourism Industry

Sources

Competitive Landscape for Emerging Europe Tourism Reports: Sample of Companies Ranked

[TOP]

Comparative cross-border analysis assessing business and regulatory factors to rank Asia’s most competitive tourism markets. Indicators used include Political Risk, Business Environment Risk, Forecast International Tourism Receipts, Visitor Arrival Growth, Investment Environment and Shock Factors (taking account of any special factors such as terrorism, natural disasters and disease). Company SWOTs for leading resort, hotel, airline, travel and tourism operators in each market, including competitive intelligence on overall geographic presence, competitive positioning and relationships with international operators; % share of operator markets; % share of international arrivals and departures; % share of busiest domestic routes; main products and services; panregional expansion, merger and acquisition strategies.

Network of European Tourism Sources

[TOP]

BMI's European Tourism Reports are based on an extensive network of multilateral organisations, government departments, tourism industry associations, chambers of commerce and company reports. Information sources include: