Report: Fewer big-spending business travelers arrive here

Tourism

Image by Pexels

The structure of Hungarian tourism has shifted, with more visitors arriving via low-cost airlines for the purpose of enjoying a holiday and fewer business travelers, according to a study released Tuesday by the Hungarian Association of Hotels and Restaurants. The vacationing travelers spend less than their business counterparts, the study said.

While in 2008 some 15.9% of tourists arriving in Hungary came here with the intention of doing business and 84.1% arrived to spend their holiday, in 2015 the number of business travelers dropped to 5.6% and those who were arriving here for holiday purposes went up to 94.4% according to the latest study by the association.

The association noted that vacationing tourists generally can afford to spend less, and that a growing number of vacationers arriving here are budget travelers. The association said it believes it is in the interest of the Hungarian economy to attract business tourists, and therefore it is important that a new congress center open in Budapest by 2019.

ADVERTISEMENT

Climate change hurts economy, but creates new business oppor... Analysis

Climate change hurts economy, but creates new business oppor...

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.