Hotel occupancy rate down to 54.6% in H1
Occupancy rate at Hungarian hotels fell by 1 percentage point to 54.6% in the first six months of the year while gross room revenue at current prices rose by 12.7%, partly due to the weakening of the forint, the Central Statistics Office (KSH) reported on Monday.
In June, gross revenue per room rose by 16.8% from a year earlier to Ft 17,212 (€61) per room.
Occupancy rate at hotels stood at 67.1% in June, up from 65.1% in May, mainly due to a sharp increase in occupancy rate at Lake Balaton.
The number of guest nights at Hungarian hotels fell by 0.7 percentage point to 3.99 million in H1, mainly because of a decline in guest nights spent Budapest hotels. Gross revenue of commercial accommodations, including catering, amounted to Ft 77 billion (€275 million) in January-May, 3% more at current prices than in the same period of 2005.
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.