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Hotel occupancy rate 77.5% in August

Average occupancy in Hungarian hotels was 77.5% in August, guests nights were up 4.7 % year-on-year, the Central Statistical Office (KSH) said. The average occupancy rate in July was 66.8%. In the first eight months of the year, hotels had an average occupancy rate of 60.4% and guests spent 5.6% more nights in hotels than in the same period in 2004. In January-August 2004, Hungarian hotels had an average occupancy rate of 60.6% while the August occupancy rate stood at 75.8%. The gross average room rate was Ft 13,884 (Euro 57) in August, down from Ft 14,358 a year earlier. Gross revenue per available room (revpar) was Ft 10,755 in August, 1.2% less than a year earlier. In January-August, the gross average room rate was Ft 14,894 and revpar was Ft 8,992. During the same period a year earlier, the gross average room rate was Ft 13,630 and revpar was Ft 8,262.