Travel

Tourism

SAP says 2007 software sales will rise at least 12%

SAP AG, the world's largest business-management software maker, predicted 2007 software revenue will expand at least at last year's pace....

Tourism

Yukos, bankrupted by state, valued at $22 bln

OAO Yukos Oil Co., was valued by appraisers at more than $22 billion, or about 85% of its outstanding debt,...

Tourism

Real wages up 3.6% yr/yr in January-November

Real wages in Hungary rose 3.6% yr/yr in January-November 2006, based on an 7.4% increase in net monthly wages from...

Tourism

KrasAir to invest heavily in Malév if it wins

OAO KrasAir, which is bidding for the state airline through its local investment vehicle, would immediately invest USD 30-50 million...

Hotels

Hotel occupancy rates falls to 58.9% in 2006

Occupancy at Hungary's selected three-to-five star hotels averaged 58.9% in January-December 2006 down from 60.2 % in 2005, the Central...

Tourism

ECB withdrew 565,000 counterfeit euro notes in 2006

The European Central Bank withdrew 565,000 counterfeit euro banknotes from circulation last year, down 2.4% from 2005....

Hotels

Warimpex plans to raise up to €130 mln in IPO

Warimpex Finanz- und Beteiligungs AG, a hotel property investor in central and eastern Europe, plans to raise as much as...

Hotels

Hilton to operate hotel north of Budapest

Hilton Hotels Corp. signed an agreement to operate a new hotel to be built north of Budapest and scheduled to...

Sights

PM appoints ÁPV board members

Prime Minister Ferenc Gyurcsány has extended the mandates of most board members of the State Privatization and Holding Zrt (ÁPV)...

Sights

Bone Vita to build Ft 1 bln private hospital in Hévíz

Bone Vita Health Centrum Kft will build a 44-bed private hospital in Hévíz, west Hungary at a cost of more...

Tourism

SCD Holding to invest Ft 104 bln at Balaton resorts

Real estate developer SCD Holding Zrt plans to invest Ft 100 billion at its tourism properties around Lake Balaton over...

Tourism

Guest nights down 3.8% yr/yr in January-November

Hungarian and foreign tourists spent 18.078 mln guest nights at commercial lodgings in Hungary in the first eleven months of...

Tourism

Analysts project difficult year for tourism sector

Accommodation service providers can expect 2%-5% drop in guest nights and 5%-7% drop in tourism revenues in nominal terms this...

Sights

More waste from Germany discovered in south Hungary

Another depository for compacted household waste originating from Germany was discovered in Bács-Kiskun county in south Hungary, the local police...

Sights

Finance Ministry spends Ft 40 bln of budget reserves in 2006

Last year the Finance Ministry paid a total of Ft 40.7 billion from the central budget reserve, reports the ministry,...

Hotels

Business Events in a Historic Setting: Continental Hotel Budapest

From focused board meetings and training days to conferences, gala dinners and year-end celebrations, Continental Hotel Budapest offers a flexible...

Travel

Budapest Airport Winter Schedule Adds Marsa Alam and More Flights to Asia and Europe

Budapest Airport's 2026/27 winter schedule, which began on October 25, offers more than 185 destinations and approximately 10% more bookable...

Hotels

Creating Value by Pairing Hotel Character with an International Brand

The Hotel Erzsébet has been renovated and relaunched as the Hotel Erzsébet City Center Budapest, a member of Radisson Individuals,...

Tourism

Budapest Hotels Outperform Regional Rivals Despite Lower Guest Numbers

Budapest’s hotels delivered some of the strongest results in CEE, posting an 81.3% occupancy rate, and leading the region with...

Hotels

Kissmiklos Marks Shift to Fine Art With ‘Lobbyism’ Exhibition at Hotel Clark

Hungarian artist kissmiklos is shifting his creative focus entirely to fine art, marking the transition with “Lobbyism,” an exhibition that...

Tourism

Tourism Agency Consults 70 Industry Groups on Strategy Through 2036

The Hungarian Tourism Agency (MTÜ) is drawing on recommendations from 70 professional organizations to develop a sector strategy through 2036,...

Hotels

Renewing the Spirit of Countryside Wellness Hospitality

More than a year after taking over Sárvár’s Spirit Hotel Thermal Spa, Zoltán Árvai is balancing the traditions of an...

Tourism

Hungary Tourism Arrivals Fall 7.3% in August as Foreign Demand Drops

Tourist arrivals at Hungarian accommodation establishments fell 7.3% year-on-year to nearly 2.6 million in August, as international arrivals dropped 13%....

Hotels

Hotel Clark Budapest Retains Michelin Key for Second Consecutive Year

Hotel Clark Budapest, the flagship hotel of Unione Hotel Management, has retained its Michelin Key, recognizing its approach to contemporary...

Tourism

Twelve Hungarian Hotels Feature in 2026 Michelin Key Selection

Twelve Hungarian hotels have been included in the Michelin Guide’s 2026 Michelin Key selection, with Four Seasons Hotel Gresham Palace...

Hotels

TRIBE Budapest Stadium Brings Business Events, Networking and Hospitality Under One Roof

Corporate events increasingly extend beyond the meeting room, combining formal business programs with networking, hospitality and opportunities for more informal...

Tourism

Hungary Tourism Nights Edge Up in July as Arrivals Slip

Nearly 2.5 million guests spent 6.7 million tourism nights at accommodation establishments in Hungary in July, with arrivals down 0.4%...

Tourism

Budapest Castle District to Hold Referendum on Airbnb Rentals

Budapest’s District I will hold a referendum on rules governing Airbnb rentals, allowing residents to decide on the future regulation...

Tourism

When the Wine Region Comes Alive: Unique Late-summer and Fall Experiences Await in Tállya

Tállya is not a place where time stands still; rather, it is a sanctuary where history, art, and gastronomy blend...