Improving economic conditions in tourism – service provider confidence is stabilizing

Accommodations continued to weaken, while the other segment is strengthening

In November 2025, the TKI value was –10 points, which is 4 points increase compared to the previous month, but still 8 points behind last year’s level. The subgroups performed differently:

• Accommodation services: –18 points (–2 points worse)

• Hospitality: –13 points (–3 points better)

• Other tourism sector: 0 points (+9 points of significant growth)

The November TKI is 7 points lower than the EU services sector confidence index, but more favorable than the indicators for industry, trade and construction.

Regional duality: Southern and Western Transdanubia in a particularly difficult situation

Most of the regions expect deteriorating prospects, with the exception of the central region, which shows a more stable trend. The indicators of Southern Transdanubia have shown a continuous and marked decline in the past year and a half, while Western Transdanubia and Northern Great Plain have turned negative in recent months.

Cautious optimism for early 2025

Expectations for the next three months are mixed: