Hotel occupancy rate falls to 61.3% in January-October

Hotels

Occupancy at Hungary's selected three-to-five star hotels averaged 61.3% in January-October, 1.2 percentage point less than in the same period a year earlier, the Central Statistics Office (KSH) said on Wednesday.

The net average room rate was Ft 14,959 (€57.5) during the period. Gross revenue per available room (RevPAR) was Ft 10,639, up 17% year-on-year, and net RevPAR was Ft 9,168 in January-October 2006. Occupancy rates were the highest at five- and four-start hotels in Budapest, 71.9% and 70.2%, respectively, and lowest at four-and five-start hotels in the east of the country (46.1%) and western Hungary (50.1%). KSH compiled the figures based on a survey of all four- and five-star hotels and a selection of three-star hotels. (Mti-Eco)

ADVERTISEMENT

POPIHN Raises Forecast for Fuel Consumption Energy Trade

POPIHN Raises Forecast for Fuel Consumption

Hungarian Lawmakers Ratify Finland's NATO Accession Parliament

Hungarian Lawmakers Ratify Finland's NATO Accession

Nolato Partners With Happy at Work HR

Nolato Partners With Happy at Work

Sümeg Castle Reopens History

Sümeg Castle Reopens

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.