Ukraine Crisis: War dampening tourism demand in Hungary

Ukraine Crisis

The effects on tourism of the Russo-Ukrainian war are far more complex than one might first think, according to business daily Világgazdaság. 

Talking to experts in the sector, it turns out that from a great distance, Hungary is being blurred with the front line since tourism from North America, which had just begun resuming, seems to have stopped, the paper reports.

This is well illustrated by the fact that Air Canada, which recently announced the resumption of its Montreal-Budapest flight, canceled it in the days following the start of the war. 

Most Canadians and Americans are reportedly either postponing their trip or, as the rise in bookings there shows, prefer to travel to England and France, which are at a safe distance. 

Even more surprising is that several experts, mainly from Budapest and its surroundings, said that the booking of several prominent German groups in Hungarian hotels and restaurants had been canceled, citing the nearby armed conflict. 

During the high season, the lack of well-paying travelers from the two embattled countries will also present a significant challenge to Lake Balaton and Hévíz, which focuses heavily on Russian and Ukrainian guests.

ADVERTISEMENT

Number of Liquidations Increasing Rapidly Figures

Number of Liquidations Increasing Rapidly

Varga Meets With Chinese Business Leaders Int’l Relations

Varga Meets With Chinese Business Leaders

AutoWallis May Increase Planned Sales Due to Strong Performa... Automotive

AutoWallis May Increase Planned Sales Due to Strong Performa...

International Writers Amongst Visitors at PesText Festival Art

International Writers Amongst Visitors at PesText Festival

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.