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Hungary Tourism Spending Surplus Reaches HUF 265 bln in Q1

Tourism

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Hungary's tourism spending surplus reached HUF 265 billion in the first quarter, data released by the Central Statistical Office (KSH) show.

Spending by foreign tourists rose 36% to HUF 517 bln, lifted by inflation and the weaker forint.  

Visitors from Austria spent the most in Hungary during the period: HUF 78 bln. Germans were runner-up, spending EUR 64 bln.

Spending by Hungarians on holiday abroad climbed 57% to HUF 252 bln. That spending rose because of an increase in the number of trips, longer stays, and inflation, KSH said.

Hungarians spent the most, around HUF 56 bln, in Austria. They spent HUF 33 bln in Germany and HUF 19 bln in Slovakia.

KSH noted that comparability of the data with the base period is "limited" because the practice of conducting surveys with people crossing Hungary's border with Ukraine was suspended late in February 2022.

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