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Hotel occupancy rate up at 77.5%

Hungary's hotels had an average occupancy rate of 77.5% in August, and guests spent 4.7% more nights in hotels in August than a year earlier, the Central Statistics Office (KSH) said yesterday. In July, the average occupancy rate was 66.8%. Hotels had an average occupancy rate of 60.4% in the first eight months of the year and guests spent 5.6% more nights in hotels than in the same period last year. 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. (Econews; NG 2, Nv 5)