Tuesday, 26 May 2026
For Czech travellers planning holidays abroad this summer, destinations in Asia, as well as the UK and Sweden, have become relatively cheaper due to exchange rate developments and local price trends, according to an analysis by XTB.
The analysis compared changes in local price levels and the exchange rate performance of the Czech koruna across selected destinations.
Japan and South Korea recorded the largest declines in travel costs from the perspective of Czech consumers. According to the report, the cost of a typical consumer basket in Czech crown terms fell by 13.3 percent in Japan and 11.2 percent in South Korea, mainly due to the weakening of the yen and the won against the koruna.
Other destinations where costs declined included New Zealand, where prices fell by 2.95 percent, followed by the United Kingdom at 2.4 percent, Sweden at 2.2 percent, Taiwan at 2.1 percent, Canada at two percent and the United States at 1.5 percent.
By contrast, some destinations became more expensive for Czech tourists. Travel costs in Hungary rose by 12.4 percent, while Brazil increased by 12.1 percent, Australia by 10.2 percent and Russia by 9.2 percent.
According to Pavel Peterka, exchange rate movements alone do not determine whether holidays become cheaper.
“A textbook example where the weakening of the currency may not reduce prices is Turkey, where the lira weakened by 19 percent against the koruna, but double-digit inflation above 32 percent completely erased the exchange-rate effect,” Peterka said. “As a result, holidays there increased by seven percent year-on-year.”
The analysis also noted that many tourism-related services, including hotels, flights and package holidays, are often priced in euros or US dollars rather than local currencies. This can limit the impact of weaker local currencies on final holiday costs for travellers.
Demand levels also continue to influence prices. According to XTB, strong tourist demand during the summer season can keep accommodation and service prices elevated even in destinations where local currencies have weakened.
The report further highlighted differences between independent travel and package holidays. Individual travellers are more directly exposed to local price levels for restaurants, transport and services, while package holiday prices are more strongly influenced by airline costs, accommodation contracts, tour operator margins and pricing conditions in the Czech market.
Source: CTK
