How Profitable Are Czech Travel Agencies?

Real Estate | Czech Republic | February 27, 2015
Excel Sheet

The tourism is not a high-margin business, at least in the Czech Republic. When putting together financials of the 10 largest travel agencies in the country, average EBIT margin amounted to less than 2.0% in 2013.

The market remains pretty fragmeted while larger firms show higher profitability. With some 2,000 companies still operating on the market, the consolidation play will likely continue in the coming years.