Bank Austria: Hungary is the cheapest holiday destination

Hotels

Hungary offers 68% more value for money in services than Austria, on purchasing power parity, according to research by Bank Austria. 

In a separate survey completed by PwC Friday of last week, Budapest hotels ranked third among the 48 cities evaluated around the globe, in terms of on value-for-money.

The survey was based on reviews from 142 online travel agencies and review sites for the years ending February 28, 2014 and February 28, 2015.

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