Malév grounding hits capital's five-star hotels
Occupancy rates at Budapest's five-star hotels have fallen as much as 20-25% since troubled national carrier Malév was grounded at the beginning of February, according to an analysis by the Hungarian Hotel Monitor.
The decline could last until April or May, the monitor said.
The monitor is compiled by Xellum with the support of the Hungarian Hotel and Restaurant Association based on data collected daily from 142 hotels.
ADVERTISEMENT
MNB Monetary Council Leaves Base Rate on Hold
Hungarian Lawmakers Ratify Finland's NATO Accession
Bureau Veritas Hungary Becomes Certifying Partner of Access4...
HIPA Awards 'Investors of the Year'
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.
