The Budapest hotel market strengthened significantly

Due to the growing tourism industry, the Central and Eastern European hotel market has been growing rapidly over the last 3 years, which is reflected in both the hotel’s performance indicators and transaction volume – tozsdeforum.hu.quotes Colliers International’s latest hotel study.

Within the region, Budapest’s hotel market has achieved a remarkable progress in the growth rate of RevPAR (room rate revenue per room), thus overcoming the key players in the region.

In addition, a significant hotel development – 2500 hotel rooms –was announced in the capital. This outstanding volume is mainly due to the expansion of the tourism sector. (tozsdeforum.hu)