KSH: Spending by foreigners in Hungary rises by 11% in Q1

Telco

Spending by foreign visitors to Hungary rose to HUF 288 bln, 11% higher than in the first quarter a year earlier, according to a report by the Central Statistics Office (KSH).

Foreigners visiting for only a single day spent HUF 86 bln in total, up 5.9% from Q1 of 2014. Around 38% of them came to shop and 20% to work.


Of the visitors who stayed for several days, 90% were tourists, and spent HUF 203 bln, 14% more than in Q1 of 2014.


Austrian visitors spent the most in Hungary, HUF 41 bln, with Slovakian visitors spending HUF 29 bln, Germans spending HUF 25 bln and Americans HUF 22 bln, in Q1.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.