Half of the region's hotel investments came to Hungary
In the first quarter 160 million euros investment capital came into the hotel market of the Central and Eastern European region. Half of this amount arrived to Hungary – the Hungarian subsidiary of the CBRE global commercial real estate consultant told MTI on Monday.
In the first quarter, the turnover of the European hotel investments amounted to 3.74 billion euros. That's more than double of the results of the first quarter in 2014, which was 1.73 billion euros – the communication states.
Last year, the hotel market indicators of Budapest were the best in the Central and Eastern European region, ahead of Prague, Warsaw and Bucharest. (MTI)
Related news
In-store traffic expected to fully rebound by Q3
CBRE is predicting retail foot traffic to fully recover from…
Read more >CBRE: E-commerce is gaining ground
The growth of emerging e-commerce markets exceeds the European average,…
Read more >Hotel food and beverage services in 2022
According to Hotstats, the revenue from food and beverage (F&B)…
Read more >Related news
The desire to travel is increasing, but not yet real
Although the desire to travel among middle-aged Hungarians is increasing,…
Read more >More transparent prices on Airbnb: full cost system introduced globally
Airbnb is now rolling out full price pricing to all…
Read more >Balaton Tourism Association: the Easter long weekend could bring a significant increase in traffic in the Balaton region
According to hotel reservation data, the four-day long weekend could…
Read more >