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Six new hotels to be inaugurated in Budapest in 2011 - Colliers

Six new three-star, four-star and five-star hotels are due to be inaugurated with 400 rooms in Budapest this year, real estate consultant Colliers International told MTI on Wednesday. 

Eight new four-star hotels with 1,000 rooms were opened in Budapest in 2010.

Outside Budapest Colliers expects hotels to be built with EU funding at spa towns in the next two years.

The occupancy rate was higher at higher-category hotels in Budapest, with five-star hotels the rate achieving 60%, and reaching 50% for four-star hotels and 39% for three-star hotels last year.

Figures for 2010 show the number of guest nights in Hungary rose 2% last year, with hotels recording a 6% increase. In Budapest, tourists spent 5% more nights, while visitors to Lake Balaton spent 5-8% fewer nights. (Econews)