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Hotel occupancy rates falls to 58.9% in 2006

Occupancy at Hungary's selected three-to-five star hotels averaged 58.9% in January-December 2006 down from 60.2 % in 2005, the Central Statistics Office (KSH) said on Monday.

The net average room rate was Ft 14,831 (€58.4) during the period. Gross revenue per available room (RevPAR) was Ft 117,297, up 16.2% year on year, and net RevPAR was Ft 8,728 in January-December 2006. Occupancy rates were the highest at five- and four-start hotels in Budapest, 69.6% and 67.0%, respectively, and lowest at four-and five-start hotels in the east of the country (45.3%) and western Hungary (48.1%). KSH compiled the figures based on a survey of all four- and five-star hotels and a selection of three-star hotels. (Mti-Eco)