Budapest hotels drop behind

According to Smith Travel Research’s report; the crisis weakened Hungarian hotels more, than the hotels of other countries in the region.

While Budapest’s, hotel occupancy (49.2 percent) decreased by more than 13 percentage points, compared to the first seven months of last year's comparable period, in Vienna the decrease was only 7.6 percent and in Prague only 9.8 percentage points. Hungary is only better in the average price decline which was 10.3 percent, while in Vienna 14.5, in Prague 17.9 percent – reports Világgazdaság Online.