The group operates 18 hotels in various categories in Hungary, and employs 1,000 people. Occupancy at AccorHotels units in Hungary rose to 76% in 2017, up from 73.8% in 2016.
Revenue per available room at the groupʼs Hungarian hotels rose 14.3% to HUF 14,940, mainly due to higher average prices. The net room rate climbed 10.9% to HUF 19,650.
Gesvret said the company projects a similar dynamic revenue increase this year, having spent EUR 35 million on hotel developments over the past two years including those ongoing.
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.
