Hotel industry on the way to recovery
Tuesday, May 10, 2005, 07:00
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.