Budapest hotels ranked in the bottom half of STR Global’s survey of occupancy rate, average net room price and revenue per available room (RevPAR) in 31 major European cities during the first seven months of 2012, the Hungarian Hotel and Restaurant Association announced on Friday.
Budapest finished 27th in occupancy rate and 29th in average net room price and RevPAR among the 31 European cities examined in the first seven months of the year. Budapest finished 17th in occupancy rate, 28th in average net room price and 29th in RevPAR among the 31 cities in the month of July alone.
The Hungarian Hotel and Restaurant Association noted that occupancy was 55.8pc at hotels in Budapest and 45.2pc at hotels throughout Hungary in the first seven months of the year, up 1.4pc yr/yr and 0.6pc yr/yr, respectively. The gross average room price rose 3.5pc yr/yr in Budapest and 4.4pc throughout Hungary in the first seven months of the year.
Hotels in Hungary generated composite room revenue of HUF 74bn in the first seven months of the year, up 13.4pc yr/yr, while hotels in Budapest generated composite room revenue of 39bn during the period, up 10.9pc yr/yr, the association said.
