Hungary Tourism Spending Surplus Climbs to HUF 311 bln in Q2
Hungary's tourism spending surplus rose 73% year-on-year to HUF 311 billion in the second quarter, state news wire MTI reports, citing data released by the Central Statistical Office (KSH).
Spending by foreign tourists jumped 111% to HUF 556 bln, albeit from a low pandemic base. Day-trippers accounted for HUF 132 bln of that spending.
Spending by Hungarians on holiday abroad climbed 193% to HUF 245 bln. Hungarians' spending rose because of an increase in the number of trips, longer stays, inflation, and the weaker forint, KSH said.
Hungarians spent the most, some HUF 48 bln, in Austria. They spent HUF 31 bln in Germany and HUF 18 bln in Italy.
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.