Guest nights fall in May, albeit from high base
Guest nights at commercial accommodations in Hungary fell 2.4% year-on-year to 2,580,000 in May, the Central Statistical Office (KSH) said on Thursday, Hungarian news agency MTI reports.
Guest nights spent by foreign visitors dropped 1.6% to 1,414,000 and guest nights spent by domestic travellers were down 3.4% at 1,166,000.
The May 1st holiday fell on the last day of a four-day weekend in the base period, and the Pentecost holiday was also in May, supporting an almost 8% rise in the number of guest nights. This year, the Labor Day holiday fell on a Wednesday and Pentecost was in June.
Revenue of commercial accommodations increased 8.8% to HUF 50 billion in May.
At hotels, the occupancy rate edged up 1.2 percentage points to 64.3%. Total revenue per available room (TREVPAR) increased 10.4% to HUF 24,856.
For the period January-May, the number of guest nights slipped 0.5% year-on-year to 9,962,000. The number of nights spent by foreign visitors was flat at 5,257,000, while the number spent by domestic travellers dropped 1.1% to 4,705,000.
Revenue of commercial accommodations increased 7.6% to HUF 184 bln during the period.
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.