According to restaurateurs interviewed by the TV channel, they had a poor summer.
A hotel operator reported that it experienced a 40% drop in traffic in June, and the number of guest nights also dropped significantly. He said this was his weakest summer in 13 years.
According to one expert, the Russo-Ukrainian war and the post-epidemic period also impacted tourism.
The report noted consumer prices rose by an average of 17.6% between July 2022 and July 2023, and holiday services became more expensive by 20.2%. Caterers were forced to raise prices because the price of raw materials, overhead, and labor costs increased.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
