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Hotel industry on the way to recovery

Hungarian hotels saw an increase in both revenue per available room and guest nights, according to the Hungarian Statistics Office (KSH). The overall occupancy rate was 50%; with four- and five-star hotels in Budapest reported occupancy rates of 60% and above, which compares with 53%-54% a year earlier.
Rooms were booked at an average price of Ft 14,000 including VAT, a significant Ft 1,600 increase on the corresponding months of 2004. A room in a four-star typically cost Ft 11,600-13,000, while in a three-star establishment guests paid Ft 4,900-8,600 per room per night.
Revenue per available room averaged Ft 7,000 VAT included, up nearly Ft 900 year-on-year.
In total, hotels registered 7% more bookings in the first four months than a year earlier.