What will happen to Hungary if tourism ceases for months
According to the analysts of Szallas.hu, the number of guest nights will decrease by 43-48 percent this year, which will cause a loss of almost 250-300 billion HUF in tourism. Due to the multiplier effect, the Hungarian economy loses three times this, almost 800-900 billion HUF. We have to wait another year and a half for foreign tourists to arrive.
The tourism industry, which created 428,000 jobs in Hungary and generated 8.5 percent of Hungary’s GDP, came to a halt on March 14, 2020 and started a radical change. For the sake of interdependence, if a spa goes bankrupt, there will be no guests in the accommodation and catering units in the area.
Related news
Budapest cannot retain the premium traveler – Interview with Zoltán Holczinger on the challenges of Hungarian aviation and tourism
The absence of a national airline, the dominance of low-cost…
Read more >Szallas.hu: Lake Balaton, an apartment and two nights are the hit for Hungarian travelers this summer
Siófok leads Szallas.hu’s domestic booking top list for the summer…
Read more >Norway introduces tourist tax: municipalities can ease the burden of overtourism
The Norwegian parliament has passed a landmark bill allowing municipalities…
Read more >
More related news >
Related news
Szallas.hu: Lake Balaton, an apartment and two nights are the hit for Hungarian travelers this summer
Siófok leads Szallas.hu’s domestic booking top list for the summer…
Read more >Historic success: gold medal for Zelna Winery at the world’s most prestigious wine competition
The Balaton red wine has achieved unprecedented recognition in the…
Read more >Norway introduces tourist tax: municipalities can ease the burden of overtourism
The Norwegian parliament has passed a landmark bill allowing municipalities…
Read more >