Catering turnover increased by 2.8%
In November, the volume of catering turnover increased by 2.8% after the 2.1% drop in October, while its sales revenue increased by 33.5% as a result of significant price increases, despite the fact that the decrease in real incomes may have caused a drop in demand. while many caterers have announced the suspension of their activities in recent months.
However, these could be offset by the continued recovery of tourist traffic, and the open restaurants operate with full houses based on experience, so there was no decline in the catering sector. The improvement in tourism supports the balance of services and, through this, the improvement of the current account.
Related news
The tourism industry has declined – but it is still one of the best-performing sectors of the economy
The Tourism Business Index (TKI) stood at -6 points in…
Read more >Visit Hungary: world-famous models, actors and content producers promote Budapest and the Hungarian countryside
World-famous models, actors and content producers are promoting Budapest and…
Read more >The Active and Ecotourism Development Center and MKIK have signed a cooperation agreement
The Active and Ecotourism Development Center (AÖFK) and the Hungarian…
Read more >Related news
GKI Analysis: Without EU funds, the domestic economy would just flounder
On May 1, Hungary marks the 21st anniversary of joining…
Read more >Csökkentette az élelmiszerárakat az árrésstop és az online Árfigyelő bővítése
2025 áprilisában csökkent az infláció és az élelmiszerárak növekedési üteme…
Read more >NGM: we always take action against unjustified price increases, inflation may decrease further in the coming months
The government is successfully fighting price increases. In April, inflation…
Read more >