Around 95 percent of hotels in Hungary are closed this week as a consequence of continued cancellations of bookings and new ones drying up due to the novel coronavirus outbreak, the Hungarian Tourism Agency (MTÜ) said on Wednesday.
Hotel occupancy rates have dropped from 70 percent in the first week of March to 35 percent by the middle of the month, MTÜ said. The average occupancy rate in mid-March was 11 percent in Budapest and 15 percent outside the capital.
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Budapest’s tourism sector was hit harder by the epidemic than the rest of the country, the agency said, noting that most of the city’s tourists are foreigners.
It said the aim was for Budapest’s tourism sector to be back to generating the revenues it was seeing last March by March 2021.
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MTÜ said that hopefully the situation would start improving from July and domestic tourism could restart in the summer. It added, however, that this would only happen if the industry can avoid job losses.
In the featured photo illustration: a hotel in Hungary shows solidarity to those working in the sector. Photo by Lajos Soós/MTI