More tourists seeking private accommodation over hotels

Tourism

In all Central and Eastern European countries (Hungary, the Czech Republic, Poland, and Romania), the desire to travel increased to more than 90% by 2021, according to business daily Világgazdaság. 

Individually organized domestic travel jumped from 7% to 18%.

The preferred type of accommodation has also changed.

Due to the coronavirus epidemic, more people are looking for separate, private apartments and guest houses instead of hotels.

Despite rising accommodation prices, global inflation, and the war in the neighborhood, tourism is returning to a growing trajectory in the region.

ADVERTISEMENT

Wolf Theiss Advises Uniper on Sale of Gas Power Plant to Veo... Analysis

Wolf Theiss Advises Uniper on Sale of Gas Power Plant to Veo...

Fidesz-KDNP Nominates Constitutional Court Head for Presiden... Government

Fidesz-KDNP Nominates Constitutional Court Head for Presiden...

Rába Earnings Fall as Margins Squeezed Automotive

Rába Earnings Fall as Margins Squeezed

Busó Festivities Draw Tens of Thousands to Mohács In Hungary

Busó Festivities Draw Tens of Thousands to Mohács

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.