Strong HUF is a Danger to Hotel Companies
Besides the high food and energy prices also the strong national money can decreased the profit of Hungarian hotel companies.
According to specialists a 10% increase
at rate effects HUF 10 billion revenue and profit decrease, and it
prejudices the developing of the sector. Leaders of the hotel
companies said, the government has to help the turism, for example
with VAT decrease, to keep the sector's competitive power.
Related news
More related news >
Related news
There are protests against mass tourism in Spain
In several major cities in Spain, including Barcelona and Malaga,…
Read more >Support for restaurants in the countryside
Restaurants can apply for non-refundable funding from a budget of…
Read more >Budapest is facing serious tourism growth, especially in the field of conference tourism
The future growth of tourism in Budapest can be double-digit…
Read more >