Just Published: "Travel Accommodation in Hungary"

Hotels performed well even, which can be linked to a growing number of inbound tourists and the intensive demand for wellness and health tourism – as this category relies on hotels more than any other type of accommodation. The number of bed nights spent in hotels grew for a fourth consecutive year, this time by a noticeable 6% in 2013. However, hotels could not escape the down trading effect after the bankruptcy of the national air carrier Malév, and had to face a growing more price-sensitive customer base brought about by low cost carriers. This was most noticeable in Budapest where the average daily room rate showed a negative performance, while occupancy grew.

Industry Prospects

Hotels is predicted to increase by a 3% value CAGR over the forecast period at constant 2013 prices, while the number of rooms, the number of outlets, and the number of bed nights will also grow by CAGRs of 3%. Chained hotels will produce a 4% CAGR over the forecast period, while in the same period; independent hotels will only record a 1% CAGR growth in value terms. Rising sales of health and wellness accommodation units and increasing numbers of inbound visitors will drive up the performance of travel accommodation over the forecast period.

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Report Overview

Discover the latest market trends and uncover sources of future market growth for the Travel Accommodation industry in Hungary with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Travel Accommodation industry in Hungary, our research will save you time and money while empowering you to make informed, profitable decisions.

The Travel Accommodation in Hungary market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Travel Accommodation in Hungary?
* What are the major brands in Hungary?
* What is the rate of development for chained hotels vs independent hotels?
* How are luxury hotels performing compared to mid-priced and budget hotels?
* Is there an increase in hostels and campsites?

Reasons to Get this Report

* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats

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