Tourism to be among 1st to recover

Hotels

Although the hotel industry was the first to be hit by the coronavirus epidemic, its business relationships could be among the first to recover, according to Világazdaság. 

Attila Hegedűs, managing director of BDO Hungary Hotel and Real Estate Services Kft., said that after the epidemic slows down, the resumption of official travel and business will give the hotel industry one of the first opportunities to be resurrected.

According to the expert, the pan-European closure and mistrust of longer travel abroad may take months, but domestic tourism is likely to recover by the end of summer, vg.hu adds. 

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.