Balaton hotels struggle amid tourism boom
Monday, June 6, 2005, 00:00
In the first five months of 2005, hotels in Hungary reported higher room revenues and more bookings than a year earlier, the Central Statistics Office (KSH) reported. The occupancy rate averaged 53%. Budapest?s four- and five-star hotels were able to fill 65% or more of their rooms, which compares with 59%-60% in the first five months of 2004. The occupancy rate of hotels in the countryside was below 47% in all categories. Four- and five-star hotels in eastern Hungary, and three-star motels at Lake Balaton reported the lowest occupancy rates, at 34%-38%.
The price of rooms averaged Ft 14,500, a significant Ft 1,300 increase year-on-year. Four-star hotels charged Ft 11,500-Ft 14,400 per room, while the same cost Ft 5,600-8,900 at three-star establishments.
Hotels had Ft 7,800 gross revenue per available room, Ft 600 more than a year earlier. There were significant differences in prices depending on the number of stars and location. However, in each category Budapest hotels had higher revenues per available room that their country peers.
Guests spent 6% more nights at hotels between January and May than a year earlier, with a considerable 10%-16% increase in bookings in Budapest. Hotels in eastern and western Hungary reported a decline or a slight 1%-2% increase, and 5% fewer guests stayed at Lake Balaton than in the first five months of 2004.