Tourism sector performing well in first half

Tourism

Both hotel guest night and air passenger figures have grown appreciably in the first half of 2017 in Hungary. The growth at commercial accommodation outlets has been particularly good, as both guest nights and revenues rose, a first release of data from the Central Statistical Office (KSH) today shows.

Passenger numbers at Ferenc Liszt International Airport in Budapest rose 15.4% year-on-year to 1.33 million in July, operator Budapest Airport told state news agency MTI on Wednesday. Passenger numbers were higher as the FINA World Aquatics Championships in Budapest and Balatonfüred and the Formula 1 Hungarian Grand Prix race were both held in July.

The statistics for commercial accommodation were not distorted by the higher tourist numbers coming to FINA or the Grand Prix, as the figures released by the KSH on Wednesday only cover the period of January-June. These show that the number of guest nights at commercial accommodation in Hungary climbed 12% year-on-year to 2,905,000 in the month of June.

Guest nights spent by Hungarian tourists were up 8.8% to nearly 1.5 million, while guest nights spent by foreign visitors climbed 15.6% to 1,419,000 in June.

Revenues of commercial accommodation facilities increased 22.1% to HUF 44 billion in June, the KSH reveals. International guest turnover grew by 15% and domestic guest turnover by 7.7%, measured in tourism nights and adjusted for calendar effects.

At hotels, revenue per available room jumped 24.1% to HUF 13,185. The average room price was up 12.1% at HUF 20,593.

Room occupancy in hotels increased by 6.2 percentage points to 64% in June 2017 compared to the previous June.

In the January-June period, total guest nights were up 10.6% compared to the corresponding period a year earlier, at 12,181,000. Guest nights spent by Hungarians rose 8.3% to 5,791,000, while guest nights spent by foreign visitors were up 12.7% at 6,390,000 in the first six months of the year.

Room occupancy in hotels in the first half increased by 4.7 percentage points to 55.1%.

Accommodation establishments achieved gross revenues of HUF 196.9 bln in the first six months, i.e. a total of almost 17% more at current prices, KSH data show.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.