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Value of vacation vouchers rises 28% in 2008

Hungarians used more than HUF 21 billion of vacation vouchers at commercial accommodations in 2008, up 28% from the previous year to account for 9% of the segment's total revenue, the Central Statistics Office (KSH) said, citing data from the Hungarian National Resort Foundation.

The vacation vouchers accounted for 40% of revenue generated by domestic guests, up from 33% in 2008. The share of the vouchers in total revenue of the segment rose 3 percentage points compared to last year.

Vacation vouchers used at commercial accommodations accounted for a little more than half of the HUF 41 billion of vouchers issued during the year. About HUF 14 billion of vacation vouchers, or 41% of the total issued, were used at hotels. About 14% were used at bed and breakfasts and 6% were used at other commercial accommodations. (MTI-ECONEWS)