UPDATE - Hungary guest nights down 10.1% yr/yr in August
Guest nights at commercial accommodations in Hungary fell 10.1% year-on-year to 3,002,000 in August after declining 5.9% in July, the Central Statistics Office (KSH) said on Friday.
Guest nights spent by foreigners fell 8.7% to 1,390,000. Germans accounted for 295,674 of these nights.
Guest nights spent by Hungarians fell 11.3% to 1,613,000.
Guest nights in January-August fell 2.1% from a year earlier to 13,789,000, with foreign guest nights rising 1.2% to 6,821,000 and domestic guest nights dropping 5.1% to 6,967,000 in the period.
Hotels accounted for 1,949,000 or 65% of all guest nights in August; the rate was 73% in January-August. The occupancy rate at hotels was 60.4% in August and was 46.8% in the first eight months.
The number of guests at commercial accommodations was 1,036,000 in August and 5,234,000 in the first eight months of the year, down 5.3% and up 0.4%, respectively.
The number of foreign guests totaled 475,000 in August, down 3.3% yr/yr, and reached 2,462,000 in January-August, up 4.3%.
The number of domestic guests was 562,000 in August, down 7.0% yr/yr, and totaled 2,772,000 in January-August, down 2.8% from a year earlier.
Total gross revenue of public accommodations came to HUF 27.73bn in August, down 8.0% from the same month a year earlier after falling 3.8% yr/yr in the previous month.
In January-August, total gross revenue of public accommodations came to HUF 161.112bn, with revenue from accommodation fees accounting for 89.838bn. 88% of accommodation fees came from hotels.
The gross average room rate at hotels in Hungary was HUF 13,407 per night in August and was HUF 13,929 in January-August. Gross revenue per available room (REVPAR) was HUF 8,092 in August alone and averaged HUF 6,512 in the first eight months.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.