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Hotel occupancy rate 40.6% in January

 

The average occupancy rate at Hungary's hotels was 40.6% in January, up from 38.4% in the same month a year earlier, but down from 42.1% in December, the Central Statistics Office (KSH) reported on Wednesday. The number of guest nights was up 5.2% yr/yr. The average occupancy rate at hotels in Hungary was 60.2% for all of 2005, up from 54.6% in 2004. The gross average room rate was Ft 14,447 (€ 57.7) in January, up from Ft 13,367 a year earlier, and gross revenue per available room (RevPAR) was Ft 5,869 in January, 14.4% more than a year earlier.

 

 

 

For the whole year, the gross average room rate was Ft 15,210, up 9.6% from 2004. RevPAR was up 10% at Ft 9,158. In January, five-star hotels in Budapest had an average occupancy rate of 51.3%, five- and four-star hotels in as well as outside the capital had an average occupancy rate between 39% and 42%, and the occupancy rate at three-star hotels on Lake Balaton was 19.7%. Room rates at five-star hotels in Budapest averaged a gross Ft 27,900 and a net 24,200 in January. Rates at five- and four-star hotels in as well as outside the capital averaged a gross Ft  11,300-14,300, and average gross rates at three-star hotels were Ft  6,500-9,200.

 

 

 

RevPAR at five-star hotels was Ft 14,300 in January. Net revenue per available room was Ft 12,400. RevPAR was the lowest at three-star hotels on Lake Balaton at Ft 1,300 in January, while net revenue per available room was Ft 1,100. The number of guest nights at three-star hotels rose 11-18% in January compared to the same month a year earlier, with the exception of the area around Lake Balaton, where guest nights fell 8.5%. KSH noted that 153 of Hungary's 202 hotels submitted figures for the period by the January deadline. Ten of the hotels were closed in January.