The expectations of tourism companies improved significantly in February

By: Trademagazin Date: 2023. 03. 06. 11:31

The expectations of tourism companies improved significantly in February – the National Association of Tourist and Hospitality Employers (VIMOSZ) and GKI Gazdaságkutátó told MTI on Monday based on the latest survey.

The Tourism Business Index (tki) increased significantly by 15 points in February, and was last at this level in July last year. In February of this year, the indicator stood at minus 3 points (interpreted on a scale between -100 and +100), which means that the players of the sector perceived their situation as still slightly deteriorating, but already close to stagnation. The improvement in February was felt in all three subsectors.

Together with the Hungarian Tourism Association and GKI Gazdaságkutató Zrt., VIMOSZ measures the expected development of the business cycle in tourism on a monthly basis and publishes the Tourism Business Cycle Index, thus providing the market and the public with information on expected trends in the near future.