Prague - Comprehensive Overview of the City, PEST Analysis and Analysis of Key Industries including Technology, Tourism and Hospitality, Construction and Retail

Prague - Comprehensive Overview of the City, PEST Analysis and Analysis of Key Industries including Technology, Tourism and Hospitality, Construction and Retail

  • March 2021 •
  • 37 pages •
  • Report ID: 5953314 •
  • Format: PDF
Prague - Comprehensive Overview of the City, PEST Analysis and Analysis of Key Industries including Technology, Tourism and Hospitality, Construction and Retail

Summary
“City Profile - Prague” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Prague.

Prague city, located on the banks of Vltava River, is the capital of Czech Republic. The city is the key financial and economic center of the country. Prague metropolitan area, which includes Prague city and Central Bohemian Region, contributed around 36.9% of the national GDP in 2020. The pandemic of 2020 has paralyzed the Czech economy marked by sluggish economic activities, decline in exports and dampening of demand and business investments, but steady economic recovery is expected in 2021

The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.

Scope
- The service sector remains the key contributor to the regional economy and the major employer.
- Prague is one of the key tourist destinations in Europe, for both domestic and international tourists. However, the tourism and hospitality sectors experienced slowdown in 2020 due to travel ban and lockdown following Covid-19 outbreak.
- Prague construction market also recorded decline in building permits issued, fall in permit value and decease in dwelling construction; started and completed in 2020 due to pandemic

Reasons to Buy
- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
- Analyze and understand the business environment in the city to align your investment and expansion strategies.
- The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.
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