KSH: Guest nights up 2.5%

Tourism

The number of guest nights at commercial accommodations in Hungary was up 2.5% y.o.y. reaching 2,069,000 in September, the Central Statistics Office (KSH) reported today. The rise slowed from a 3.8% y.o.y increase in the previous month.

Guest nights by foreign visitors fell by 0.7% down to 1,201,000, but domestic nights increased by 7.3% to 868,000.

Total revenue from commercial accommodations saw a rise of 6.9% reaching HUF 31.4 bln. Gross revenue of room fees was HUF 18.2 bln, while catering revenue was HUF 6.6 bln.

Germans still spend the most on guest nights in Hungary, although there was a 2.2% decrease down to 247,016 guest nights by Germans at commercial accommodations. UK visitors came second with 72,908 guest nights, up by 9.3%, and Russians finished third with 67,913 guest nights, down 1.4%.

The number of guest nights rose 4.9% to 19,304,000 in January-September from the same period a year earlier. Foreign guest nights rose 1.8% to 9,783,000, while domestic guest nights climbed 8.3% to 9,521,000.

The hotel occupancy rate was 57% in September. Gross revenue of the sector climbed 9.3% to HUF 250.8 bln in January-September.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.