ADVERTISEMENT

Hotel occupancy rates fall to 59.2% in January-August

Hotels

Occupancy at Hungary's selected three-to-five star hotels averaged 59.2% in January-August, 1.2 percentage points less than in the same period a year earlier, the Central Statistics Office (KSH) said on Monday. The net average room rate was Ft 14,771 (€53.7) during the period. Gross revenue per available room (RevPAR) was Ft 10,057, up 11.8% year-on-year because of the weakening forint (most hotels in Hungary set their rates in euros), and net RevPAR was Ft 8,745 in January-August 2006.
Occupancy rates were the highest at four- and five-start hotels in Budapest, 69.9% and 67.2%, respectively, and lowest at three-star hotels in the east of the country (43.8%) and west Hungary (49.6%).
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

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.