Major development programs to start in tourism

Tourism

The Hungarian Tourism Agency (MTÜ) plans significant investments in several cities and regions in Hungary, Zoltán Guller, CEO of MTÜ, said at a press conference in Budapest on Wednesday. Plans include the renovation of several World Heritage sites, and major projects in Esztergom and at Lake Balaton.

The city of Esztergom will receive HUF 12 billion for reconstruction projects, and ten adventure parks around Lake Balaton will also be renovated. The MTÜ says it aims to lower seasonality and encourage tourists to spend one more night in Hungary.

In the first ten months of last year, tourists spent as many guest nights in Hungary as in the full year of 2016. Guest nights were close to 30 million, and the goal for 2030 is 50 million guest nights, Guller said. Most tourists came from Germany, he noted, with British tourists in second place. Significant growth has also been seen in visitors from the Czech Republic, Poland, Russia and the United States -  with more visitors expected from the latter with the launch of direct flights to New York and Chicago in May. 

For this year, the MTÜ plans the renovation of several World Heritage sites, with a total budget of HUF 10 bln.

Regarding its accommodation development program, Guller said that so far 580 applications for funding have been received, with requests totaling HUF 21 bln.

This year, Hungary also has claim to being the gastronomical capital of Europe, Guller declared, as Budapest hosts a major awards ceremony for new Michelin star restaurants on March 26, an event it is hoped will raise the profile of Hungarian cuisine.

MOL Shareholders Approve Dividend of Around HUF 250/Share Figures

MOL Shareholders Approve Dividend of Around HUF 250/Share

Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo... Government

Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...

Hungary's Largest ESG Consultancy Formed by Merger of EY, De... Deals

Hungary's Largest ESG Consultancy Formed by Merger of EY, De...

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails Drinks

Liz & Chain Rooftop Bar Debuts Sustainable Cocktails

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.