Strong crown discourages foreign tourists
The strong Czech crown has a negative impact on the number of tourists coming to the Czech Republic. But although fewer foreigners come to spend their holidays in the Czech Republic, they tend to stay longer and spend more money. According to the deputy Minister for Regional Development, Cestmir Sajda, the Czech Republic's returns from incoming tourism should reach last year's levels; that is around 3 billion US dollars. Also, the volume of outbound tourism is expected to increase owing to favourable exchange rates.