Hungarian accommodation revenues up 9.9% in February

Tourism

Gross revenues – calculated at current prices – of accommodation establishments in Hungary grew by 9.9% to HUF 23.1 billion in February, compared to the same month a year earlier, while the average daily hotel room rate increased by 6.8%, the Central Statistical Office (KSH) said this morning in a first reading of data.

The number of international tourist arrivals grew by 7.4% and that of international tourism nights by 7.8%, reaching approximately 723,000, while the number of domestic guests grew by 2.9% and that of tourism nights spent by them by 5.2%, to about 709,000, according to the KSH.

Room occupancy in hotels increased by 3.1 percentage points to 47.8%.

Within the HUF 23.1 billion revenues, accommodation fee revenues increased by 12% (to HUF 12.3 billion), other revenues by 9.2% (to HUF 5.6 billion), and catering revenues by 5.4% (to HUF 5.3 billion).

By the end of February, the number of units operating in Hungary (2,383) rose by 59, while the number of available beds was nearly 206,000, which was 2.4% higher than in the base period.

In the January-February period, accommodation establishments registered 8.1% more tourism nights, i.e. a total of 2.821 million, compared to the same period a year earlier. Foreign guests spent 11% more and domestic guests 5.4% more tourism nights in accommodation establishments, according to the KSH.

In the first two months of the year, room occupancy in hotels increased on average by 3.2 percentage points to 45%, while accommodation establishments posted gross revenues of HUF 47 billion, i.e. a total of 10% more at current prices.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.