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Guest Nights up in April Year on Year, but Well below the Pre-crisis Level

MTI-Hungary Today 2021.06.09.

The number of commercial guest nights spent in Hungary in April was almost three times higher than a year earlier, but compared with the same period before the outbreak, in April 2019, a decline of 90.6 percent was registered, Central Statistical Office (KSH) said on Tuesday.

The number of domestic guest nights fell by 86.9 percent in April compared with the same period in 2019, while the number of foreign guest nights declined by 93.7 percent.

Significant Price Hikes Expected in Hospitality
Significant Price Hikes Expected in Hospitality

Amid a labor shortage, high inflation rate, and ever growing food prices, those working in the hospitality sector expect considerable price increases both in restaurants and hotels. Predictions range from 7 to as high as 40%, which still depends on a number factors, some of them still unknown.  As we previously reported, Hungary’s reopening is ongoing. […]Continue reading