K&H: there is still something to make up for Hungarians preparing for a holiday abroad
Although the impact of the epidemic is slowly starting to fade from tourism, there is still plenty to gain in terms of foreign travel compared to the level before the pandemic, according to the compilation of K&H.
The survey carried out by the financial institution in the first quarter of this year shows that 68 percent of the members of the 30-59 age group planning a trip abroad for at least five days would travel in the summer. According to KSH data, in the second and third quarters of last year, Hungarians traveled abroad for several days 4.2 million times, compared to 5.5 million trips in the same period of 2019.
Although tourism has started to rise after the post-epidemic low, it is still nowhere near as good as it was before the epidemic. This may also be due to the fact that, due to the rise in prices, real wages have fallen into the negative range, thus reducing the purchasing power of Hungarians.
Related news
The unexpectedly low inflation in June surprised analysts
The Hungarian inflation data published this week caused a pleasant…
Read more >KSH: industrial production fell by 5.2 percent in May
In May, the volume of industrial production fell by 5.2…
Read more >VIMOSZ: optimism in the tourism sector
Persisting optimism characterizes the Hungarian tourism sector, the players of…
Read more >Related news
Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Private brands make record gains in first half of year
Private label products reached new heights in the first half…
Read more >Müller updates packaging to increase accessibility for blind shoppers
Müller is updating the packaging of all branded products with…
Read more >