Hotel industry starts year with improved outlook
Monday, March 7, 2005, 00:00
Hotels in Hungary reported more bookings, higher revenues per average room and higher occupancy rates in January and February than a year earlier. Guest nights rose a promising 9% on average year-on-year in the first two months of the year, with growth driven by hotels in Budapest. Gross revenue per average room was Ft 5500, which is 12% higher than in the same months of 2004. Hotels typically charged guests Ft 13,400 per room, Ft 1,000 more than a year earlier. Occupancy rates averaged 41% in January and February, with the highest rates (43%?53%) reported by four- and five-star hotels in Budapest and in western Hungary.