More foreign, fewer domestic tourists in October
Image by Pixabay
The number of nights spent by international tourists increased by 20% in October compared to the same month a year earlier, while nights spent by domestic tourists decreased by 6.1%, the Central Statistical Office (KSH) said today in a first reading of data. Gross revenues of accommodation establishments – calculated at current prices – grew by 15%.
The KSH attributes the visible increase in international tourists to a drop in the same month a year earlier, “due to the migrant crisis in October last year, and in parallel with a rise in domestic demand.”
Among the most significant tourism source countries – Germany, the United Kingdom, the Czech Republic, Austria, Italy and Russia – turnover measured on the basis of domestic tourism nights grew significantly by between 10% and 34%, according to the KSH. Meanwhile, the number of domestic guests fell by 3.6%, and tourism nights spent by them by 6.1%.
Room occupancy in hotels increased by 3.8 percentage points to 59.7%, while the total gross revenue of accommodation establishments (HUF 37.8 billion) was 15% higher, according to the KSH. Within this, accommodation fee revenues (HUF 22.6 billion) increased by 17%, other revenues (HUF 7.5 billion) by 12%, and catering revenues (HUF 7.8 billion) by 12% as well, the statistics office added.
In the January-October period, compared to the equivalent period of 2015, accommodation establishments registered 5.9% more tourism nights, or a total of 24.2 million, the KSH said. Foreign guests spent 5.3% more tourism nights (12.1 million) and domestic guests 6.4% more (also 12.1 million) in accommodation establishments, while room occupancy in hotels rose by an average of 1.9 percentage points to 57.2%. Accommodation establishments reached gross revenues of HUF 341.5 billion, 7.9% higher in total at current prices, the KSH added.
Companies Spending Less on Advertising
Gov't Calls on Fuel Companies to Adjust Prices to Regional A...
Spar Magyarország Revenue Climbs Close to 16% in 2023
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
