Hungary Tourism Spending Surplus Reaches HUF 418 bln in Q3

Tourism

Hungary's tourism spending surplus reached HUF 418 billion in the third quarter, data released by the Central Statistical Office (KSH) show.

Spending by foreign tourists rose 52% to HUF 825 bln, lifted by a low pandemic base, inflation, and the weaker forint. KSH noted that their spending was practically level with that in Q3 2019, the year before the pandemic.

Visitors from Germany spent HUF 138 bln in Hungary and those from Austria HUF 135 bln.  

Spending by Hungarians on holiday abroad climbed 80% to HUF 407 bln and was 18% higher than before the pandemic. That spending rose because of an increase in the number of trips, longer stays, inflation, and the weaker forint, KSH said.

Hungarians spent the most, around HUF 58 bln, in Croatia. They spent HUF 56 bln in Austria and HUF 53 bln in Greece.

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