According to a statement on the ministry’s website, accommodation providers generated HUF 1.05 trillion in revenue, marking a 16% increase from the previous year, while catering revenues grew by 11.2% to HUF 2.01 billion.
Nagy also revealed plans to establish a dedicated tourism bank by fall, which will process loan applications through the Tourinform office network.
In addition, discussions are underway to launch direct flights between major U.S. cities and Budapest and to ease visa regulations to boost tourism further.
The government is also set to support the development of 3- and 4-star hotels in Budapest as part of efforts to reach 20 million visitors by 2030.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
