Two-hundred billion HUF debt burdens the Hungarian hotels

Two-way process is taking place in the hotel industry: at one pole, the businesses struggling to pay their loans, and on the other pole, new developments are lining up preparing for the opening ceremony.

According to the informations of Népszabadság; no signs of guest traffic increase have occurred. Because of the reduced prices, the occasional modest real income growth is still not an increase in turnover. The domestic hotel industry is characterized by the trend, that despite the lower prices, hotel occupancy rates also fell, due to the capacity expansions of the recent years – reports Világgazdaság Online.