Catering turnover volume up 34.3% in May

Figures

Photo by suriyachan/Shutterstock.com

Compared to the rising base due to the gradual post-COVID reopening a year ago, the volume of catering turnover increased by 34.3% in May after the 89.3% increase in April, while its sales revenue increased by 55.8%, according to profitline.hu.

The recovery of the hospitality sector may continue in the coming months, supported by the increasingly strong recovery of international tourism, which also supports GDP growth in the coming quarters.

Tourism growth also supports the balance of services and, through this, the improvement of the current account.

Due to the gradual lifting of the restrictive measures taken against the second and third waves of the pandemic a year ago, the growth rate will slow down in the coming months, but growth may still be maintained.

ADVERTISEMENT

Hungarians Want to Live to 96 Analysis

Hungarians Want to Live to 96

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Wizz Air Malta Names Managing Director Appointments

Wizz Air Malta Names Managing Director

2 Protests to Take Place in Budapest on Aug 20 City

2 Protests to Take Place in Budapest on Aug 20

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.