Beauty salons see 50% drop in turnover

Figures

Kateryna Unuvar / Shutterstock.com

Turnover for beauticians has dropped by roughly 50% compared to last fall, as traffic has decreased most in larger and near-border cities, Andrea Stuhl, vice president of the First Hungarian Association of Qualified Beauty Professionals, told leading business daily Világgazdaság.

Image by Kateryna Unuvar / Shutterstock.com

The lack of foreign tourists is a big loss for the salons in Budapest, but the situation is also quite bad in the northwestern regions in the areas where beauty service providers specialize in Austrian and Slovak guests.

Others have had to close due to declining traffic, but there are smaller settlements where the decline is minimal.

MET Group Records 2nd Most Profitable Year in 2023 Energy Trade

MET Group Records 2nd Most Profitable Year in 2023

Gov't Considering Fuel Price Intervention Government

Gov't Considering Fuel Price Intervention

Wienerberger Lays Cornerstone of HUF 12 bln Concrete Tile Pl... Manufacturing

Wienerberger Lays Cornerstone of HUF 12 bln Concrete Tile Pl...

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

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.