Hungarian hotels had CEE's highest RevPAR in 2021
Image by Pixabay
Hungarian hotels had the highest net room-to-rent per room (RevPAR) in the Central and Eastern European region last year, the Association of Hungarian Hotels and Restaurants has told profitline.hu.
Citing a report published last year by STR Global, a tourism market research firm, the net Revpar ratio of Hungarian hotels in the Central and Eastern European region, including Austria, the Czech Republic, Hungary, Slovakia, and Poland, was the highest at EUR 43.9.
This is followed by Poland (EUR 24.7), Austria (EUR 23), the Czech Republic (EUR 21.4), and Slovakia (EUR 9.8). According to the STR Global data, among the capitals of the five countries surveyed, the net RevPAR ratio of hotels in Budapest in December was the highest, at EUR 46.1.
That was followed by Warsaw EUR 27.2, Prague at EUR 24.2, and Bratislava EUR 7.9.
Lenders' Home Loan Outlays at HUF 344 bln in H2 2023
EC Calls on Hungary to Comply With CJEU Ruling on Asylum See...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Spago Budapest Offering Unique Sunday Brunch Experience
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.
