Hungarian tourism continues on growth path, bright future ahead

Published on : Saturday, September 20, 2014

Hungarian-tourismHungary’s tourism continued to remain strong this year, the overnight stays and sales have registered double-digits growth so far and the Hungarian government wants to expand the important economic sector with the help of EU structural aid.

 

A remarkable project is the construction of the Hard Rock Hotel and Casino with 350 rooms in the border triangle of Hungary, Austria and Slovakia. It is not clear, when the hotel will be opend, said TOPHOTELPROJECTS, the leading worldwide provider of global b2b hotel data.
 
The top resort is being built in the small Hungarian town Mosonmagyarova near Vienna and Bratislava on 160 acres in the popular Las Vegas style. It will be the second Hard Rock Hotel and Casino in Europe. In May this year, a Hard Rock hotel was opened on Ibiza.
 
However, the hotel industry in Hungary also complained about overcapacity and fears that more will follow. For the first half of 2014, the occupancy rate of hotels was 46.8 percent. The tourism industry is one of the key industries and should be involved with 15 percent of the gross domestic product in 2020.
 
The registered overnight stays in the first half of 2014 in Hungarian tourist accommodations exceeded the previous year by 6.8 percent. This was mainly caused by domestic visitors (+ 10.9%). The price for a hotel stay in the time period from January till June 2014 rose by 5.4 percent to 15,873 forints (approximately EUR 51.7) compared to the same period last year.

 

Hotels and restaurants increased their sales at the same time by nine percent to 142.6 billion forints (approximately 465 million euros).
 
Since Hungary joined the EU in 2004, the tourism sector had access to about 330 billion forints (about 1.13 billion euros) in terms of the EU adjustment assistance.
 
In these ten years, 1,360 projects were funded – in the lodging sector mainly for quality improvements. The number of hotels increased according to official figures from 824 to 1,031.
 
In 2013 the number of foreign tourists staying at least one night (10.7 million), was more than a fifth higher than in 2008. 2.1 million visitors came from Germany which displays a loss of 5.2%.

 

German visitors are still the largest group. In 2013 more than 1.2 million visitors from Germany stayed at least four days. In 2008 they have been 1.5 million. On the other hand, more and more Eastern Europeans come to Hungary. Poland now constitutes the second largest group. Also Czechs and Slovaks enjoy travelling to Hungary more and more.
 
On an average foreign tourists have increased their spending in Hungary per day in the last five years from 11,500 to 13,400 forints. Excluding exchange rate effects (for Euro) they remain the same. Taken all foreign visitors in account, with 40 percent in 2013 Budapest secured a slightly lower percentage than in 2008. However, the visitor numbers of the Balaton region (Western Transdanubia) increased from almost 27 to nearly 32 percent.

 

 

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