Budapest Hotel Market Overview
By Attila Radvánszki on November 29, 2022
In this brief analysis, Horwath HTL Hungary provide an insight into the forces shaping the hotel industry in Budapest so far this year.
While against everyone’s hopes the geopolitical tension does not seem to ease in Eastern Europe, 2022 will show a great recovery for most hotels in the Hungarian capital, even compared to regional competitive destinations such as Prague, Warsaw, Bratislava and Vienna.
Our outlook is carefully optimistic, as against all odds, we believe Budapest will continue to be a magnet for city breakers and sport enthusiasts in 2023 as well, as the city is preparing to host the 19th edition of the World Athletics Championship.