CBRE: domestic travel needs of Hungarians can be the lifebelt of Hungarian tourism

By: Trademagazin editor Date: 2020. 07. 02. 10:12

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The coronavirus seized international tourism across Europe in about the same way in April, but the pace of recovery could be very different.

In previous years, the proportion of domestic and foreign guests at home was approximately 50-50 percent, in 2020 the market may be based solely on domestic guests, which may be less favorable for the capital than for rural tourism. From 2021, the number of foreign visitors will increase again: according to the forecast, Budapest will receive as many foreign tourists in two or three years as in 2019, while normalization in the larger and more mature Western European markets may take up to 4-5 years – CBRE Hungary’s analysis of the hotel industry in Hungary reveals.