Budapest, is the downtrend now water under the bridge in The Pearl of the Danube?

7 min reading time

Published on 17/03/14 - Updated on 17/03/22

Budapest

After Hungary joined the European Union, Budapest enjoyed strong interest from international investors who made a large contribution to the strong development of the city’s hotel supply. Rising supply later amplified a fall in performances in a country in which economy has been hard hit by the crisis. Recent lack of interest from hotel chains has brought supply growth to a standstill, hotel performances - especialy prices - are yet to benefit from Europe’s economic rebound.

Key figuresPopulation: 9.98 millionSurface Area: 93,030 km2Number of Hotels: 153Number of Rooms: 16,000Visitors: 2.8 million per yearPrimary supply markets: Germany, United Kingdom, ItalyBorn out of the union of the cities of Buda, Pest and Obuda, Budapest is now the capital of Hungary and the...

This content is for subscribers only. You have 80% left to discover.

Every week, the HON team brings you an expert look at the world of hospitality.

By becoming a member, you will have access to a complete ecosystem: exclusive content, jobs, etc.

BECOME A MEMBER

Already a member ?

For further

Every week, the HON team brings you an expert look at the world of hospitality. By becoming a member, you will have access to a complete ecosystem: exclusive content, jobs, etc.

BECOME A MEMBER

Sign up to add topics in favorite. Sign up to add categories in favorite. Sign up to add content in favorite. Register for free to vote for the application.

Already signed up? Already signed up? Already signed up? Already registered?