BDO: Optimism on the rise in Hungarian hotel industry
pixabay
As Budapest undergoes the preparation and realization of 600-800 five-star and 1,000-2,000 four-star hotel investment projects, the current 19,000-room capacity of Budapest hotels is expected to rise by 5-10%, BDO Hungary said today in a press statement.
An increasing number of hotels, however, are experiencing the migration of staff abroad, while sources for product development and equipment replacement are declining, the statement added.
Nonetheless, the European as well as the Hungarian markets are currently characterized by optimism in terms of transactions and developments within the industry, BDO said.
The interest of foreign investors is again on the rise in Hungary and a number of investment projects are expected to be resumed or launched this year.
An improving tendency was noted among hotels outside of the capital as well, with wellness and healthcare hotels fueling the market, the statement said.
ADVERTISEMENT
Business Confidence Worsens, Consumer Confidence Improves
Parliament Negates Mandatory Membership in MOK
Haulier Koncsek Trans Invests HUF 150 mln in Garage Upgrade
Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...
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.
