Gross room revenue declined, number of tourism nights decreased
According to the national statistic office in the first ten months of 2008, the room occupancy rate for three-, four- and five-star hotels was 60%.
At current prices, from January to
October the gross room revenue declined by 4%, while the number of
tourism nights decreased by 2%. During this period, gross ARR
(Average Room Rate) was HUF 17 600 (EUR 71). This index was
outstandingly high (HUF 36 900 i.e. EUR 148) in the five-star hotels
of Budapest. Four-star hotels of Budapest as well as four- and
five-star hotels of rural areas, on average, enforced room rates of
HUF 13 400-17 400 (EUR 54–70); while the surveyed three-star
establishments had average room rates of HUF 8800-11 200 (EUR 35–45).
Average daily REVPAR (revenue per
available room) was gross HUF 10 500. The highest (HUF 24 800) amount was achieved by the
five-star hotels of Budapest, the lowest (HUF 4700) amount was
reported by the three-star establishments of Western Hungary.
On the whole, gross room revenue
decreased by 4% at current prices. Increases were registered by the hotels operating at the Balaton
lakeshore and four- and five-star hotels in Eastern Hungary, while
the three-star establishments of Western Hungary and four- and
five-star hotels in the capital city experienced a decline.
In January-September 2008, the number
of tourism nights decreased by 2% in the observed units compared with the same period a year
ago. Three-star hotels at Lake Balaton as well as five- and four-star
hotels in Western Hungary were characterized by a growing number of
tourism nights. In other hotels the number of tourism nights
decreased or was unchanged. From August there was a decrease in
almost every month. In the observed period, all hotel categories of
Budapest experienced occupancy rates over 63%, while rural hotels had
rates of 46-64%.
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