hotels
February 15, 2010, 10:37 CET
Guest nights in Budapest fall at slower rate than in other capitals in region
The number of guests and guest nights spent by visitors to Budapest fell about 11pc in 2009, but the drop was still smaller than declines in the capitals of other countries in the region, Budapest deputy mayor Imre Ikvai-Szabo said... [read complete entry]
February 08, 2010, 10:22 CET
Hungary guest nights drop 7% year-on-year in December
Guest nights spent at commercial accommodations in Hungary fell 7.0pc to 913,000 in December 2009 from a year earlier, the Central Statistics Office (KSH) said on Monday. Foreign guest nights fell less, by 3.5pc to 441,000 in December and domestic... [read complete entry]
January 26, 2010, 09:45 CET
Ft 1 billion hussar-themed hotel inaugurated in Debrecen
Businessman Jozsef Boros on Monday inaugurated a more than HUF 1bn, four-star, hussar-themed hotel in Debrecen (E Hungary). The 40-room, five-suite hotel was built with HUF 211m in European Union and state support, Mr Boros said. The hotel is home... [read complete entry]
January 11, 2010, 10:49 CET
Guest nights drop 10.7% year-on-year in November
Guest nights spent at commercial accommodations by Hungarian and foreign tourists fell 10.7pc to 1,003 m in November from a year earlier, the Central Statistics Office (KSH) said on Monday. The fall widened from October when it sank 8.2pc year-on-year... [read complete entry]
October 27, 2009, 09:27 CET
Rebuilding of historic District VII hotel complex reaches milestone
The structure of the future Hotel Continental Zara was recently topped off, with developers of the property on Dohány utca in Budapest's District VII saying it is on track for an opening in June of next year. The Ft 14... [read complete entry]
July 07, 2009, 09:05 CET
Ft 600 million spa complex opens in Southwest Hungary
Hungary's Toma Bau has inaugurated a more than HUF 600m spa and swimming pool at the Martfu Health and Recreation Centre in southeast Hungary, bringing the company's total investments at the centre to more than HUF 1.5bn, Toma Bau CEO... [read complete entry]
June 17, 2009, 10:12 CET
Budapest moves up to eighth in conference league table
Budapest has jumped to eighth place on the list of the most attractive conference venues, from the 24th place a year earlier, according to the Union of International Associations (UIA), the Hungarian Tourism Co. said on Tuesday. Altogether 141 conferences... [read complete entry]
June 17, 2009, 10:09 CET
Hotels exempted from full VAT hike
The government will apply the reduced 18pc VAT rate to commercial accommodations from July 1 under a Monday agreement between the government and the parliamentary group of Hungary's governing Hungarian Socialist Party (MSZP), Istvan Ujhelyi, state secretary at the Prime... [read complete entry]
May 07, 2009, 04:42 CET
Newly built District V courtyard hotel faces wrecker's ball
The six-storey hotel built recently at Molnár utca 35 in District V may have to be demolished after the mayor's office discovered the building erected in the courtyard of the apartment block did not correspond to the specifications approved in... [read complete entry]
April 10, 2009, 10:17 CET
Hungarian dentists form association to promote medical tourism
Budapest's five biggest dentist's offices have established an association to better promote dental tourism, business daily Vilaggazdasag reported on Friday.... [read complete entry]
March 23, 2009, 10:13 CET
MKB Bank increases stake in firm building Budapest "Dream Island" complex
Hungary's MKB Bank raised its indirect stake in Alomsziget 2004, a company building an entertainment centre at Hajogyari Island, a Danube island in northern Budapest, from 29.88pc to 43.33pc under an agreement signed on March 19, 2009, the bank said... [read complete entry]
March 17, 2009, 09:36 CET
New hotel/office complex to open in downtown Budapest in May
A new hotel and office building, dubbed "First Site," will open on the former Úttörő Áruház (Pioneer Department Store) site on Kossuth Lajos utca in downtown Budapest this May, reports napi.hu.... [read complete entry]
March 17, 2009, 08:35 CET
Hungary's third Hilton to open in late 2009
Hungary's third Hilton Hotel is scheduled to open in Visegrad, about 40km north of Budapest, in Q4 2009, Hilton Hotel director Luca Crocco told MTI on Monday.... [read complete entry]
February 24, 2009, 09:54 CET
New hotel/pool project ready to kick off in Újpest
This month will see the launch of a Ft 6.7 billion investment for a new, state-of-the-art pool and four-star hotel in Újpest, District IV. The developer is UTE Szálloda és Sportközpont Kft which bought the plot that will host the... [read complete entry]
February 17, 2009, 08:38 CET
Forex losses punish Danubius Hotels in fourth quarter
Hungarian hotels group Danubius Hotels posted HUF 2.29bn (EUR 7.72m) in pre-tax losses in the fourth quarter of 2008, to a large part due to financial losses, the company said in its unaudited consolidated IRFS report on the website of... [read complete entry]
February 11, 2009, 09:22 CET
Incoming tourism may drop in 2009 with Budapest hit hardest, minister says
Foreign tourism in Hungary may drop 5 percent in 2009, while domestic tourism is expected to stagnate due to the economic crisis, the local government minister in charge of tourism told reporters on Tuesday.... [read complete entry]
February 06, 2009, 09:32 CET
Hotel occupancy in Hungary dropped below 50% in '08; guest nights down 1.5%
Guest nights spent at commercial accommodations by Hungarian and foreign tourists fell 1.5pc in 2008 compared to the previous year. Guest nights in December fell 4.6pc from a year earlier, the Central Statistics Office (KSH) said on Friday.... [read complete entry]
January 26, 2009, 10:56 CET
Grand old hotels on Hungary's Great Plain get big makeovers
Five old hotels in Hungary's Southern Great Plain region are undergoing renovations worth a combined HUF 11bn, including EU development funding, business daily Napi Gazdasag reported on Friday.... [read complete entry]
January 13, 2009, 08:51 CET
Hungary guest nights drop 6.5%
Guest nights spent at commercial accommodations by Hungarian and foreign tourists fell 6.5pc in November 2008 from the same month a year earlier. Guest nights in January-November fell 1.4pc from the same period in 2007, the Central Statistics Office (KSH)... [read complete entry]
December 16, 2008, 12:17 CET
Hotel occupancy drops below 60% for first 11 months of 2008
The average occupancy rate at 3-5 star hotels in Hungary was 59 percent in January-November, down from 61 percent of the same period in 2007, the Central Statistical Office said on Tuesday.... [read complete entry]
December 12, 2008, 08:17 CET
Environmental impact study could delay €700 million "Eurovegas" project
The deadline for the start of operation of a EUR 700m casino complex to be built near Hungary's border with Austria could be overstepped if Austria demands an environmental impact study for the project, business daily Vilaggazdasag reported on Thursday.... [read complete entry]
December 03, 2008, 08:36 CET
Arab investors plan luxury spa hotel in Northwest Hungary
A group of Arab investors plan to spend billions of forints to build a 300-room luxury hotel and water park in Veszprem (NW Hungary), the city's mayor Janos Debreczenyi announced on Tuesday.... [read complete entry]
December 02, 2008, 01:49 CET
Layoffs in Hungary near 19,000 year to date; Budapest loses 1,100 jobs in Oct.
Layoffs in Hungary have reached nearly 19,000 since January this year, national daily Nepszava said on Tuesday. Budapest alone registered 1,090 jobs closed in the month of October, said the paper.... [read complete entry]
November 28, 2008, 07:58 CET
Turnover at Hungarian hotels drops 8%-10%
Turnover of Hungarian hotels fell 8-10pc over the past several months from the same period a year earlier, chief secretary of the Hungarian Hotel Alliance Istvan Kovacs said at a general meeting of the organisation in Sarvar (W Hungary) on... [read complete entry]
November 28, 2008, 07:49 CET
Long-shuddered historic Budapest hotel-spa complex to be rebuilt
A historic public bathhouse in central Budapest's Dohany Street will be rebuilt and is planned to re-open in 2010, daily Nepszava reported on Thursday.... [read complete entry]
November 26, 2008, 08:52 CET
Lánchíd 19 Hotel wins European design award
Budapest's Lánchíd 19 Hotel has won one of Europe's most prestigious design awards, writes property portal ingatlanmanadzser.hu.... [read complete entry]
November 18, 2008, 08:03 CET
Danubius Hotels Q3 pre-tax profit plunges 45%
Hungary's Danubius Hotels posted pre-tax profit of EUR 5.6m in the third quarter of 2008, down 45pc from EUR 10.3m in the third quarter of 2007, the company revealed in its unaudited, consolidated IFRS report on Monday evening.... [read complete entry]
November 17, 2008, 10:40 CET
Occupancy rate at Hungarian hotels drops further in October
The average occupancy rate at selected three-, four- and five-star hotels in Hungary was 61.4pc in October, down from 65.9pc in the same month a year earlier, the Central Statistics Office (KSH) reported on Monday.... [read complete entry]
November 12, 2008, 12:08 CET
Hilton may take over famed hilltop hotel in Budapest
Hilton Hotels could take over the operation of Hotel Normafa, high on a hill overlooking Budapest, business daily Vilaggazdasag reported on Wednesday.... [read complete entry]
October 21, 2008, 11:33 CET
Austrian permits to be required for "EuroVegas" complex
A permit from Austrian authorites is likely to be needed before construction of the long-running "Eurovegas" project can go ahead, it has recently been revealed. According to Napi.hu, Austria wishes to participate in the impact assessment procedure related to the... [read complete entry]
September 29, 2008, 07:49 CET
Budapest's city-owned spa operator to sell assets to fund developments
Local council-owned Budapest Spa plans to sell off some assets to raise HUF 4.5bn-5.0bn to modernise its baths, business daily Vilaggazdasag reported on Friday.... [read complete entry]
August 27, 2008, 09:15 CET
Hungarian state splashes out billions for new spa projects
The government has awarded more than HUF 6.5bn for development projects at baths in four Hungarian cities, government spokeswoman Bernadett Budai said on Monday.... [read complete entry]
August 13, 2008, 07:52 CET
International hotel chains see bigger profits in Budapest as locals suffer
The profitability of hotels operated by international hotel chains grew by more in Budapest than in any other European city in May, according to the latest HotStats survey by TRI Hospitality Consulting, summarized by Világgazdaság (subscriber only). TRI said the... [read complete entry]
July 23, 2008, 12:48 CET
Big investment in golfing and yachting at Lake Balaton
A several billion forint investment by the company behind the Royal Balaton Golf and Yacht Club will see a massive expansion of facilities on Hungary's largest lake for those interested in golfing and sailing. According to napi.hu, among the projects... [read complete entry]
July 14, 2008, 11:37 CET
Hotel/office complex hopes for spring opening, springtime for rundown BP boulevard
Structural work has been completed on what will be the first modern hotel/office complex on Budapest's Kossuth Lajos utca, the rundown boulevard which runs from the Elizabeth Bridge to Astoria in Pest's central business district. According to napi.hu, the First... [read complete entry]
July 14, 2008, 09:38 CET
New owner of Buda "Postal Palace" eyes hotel plan
The new owner of a landmark building once used as the headquarters of the Hungarian postal system, commonly called the Post Office Palace (Postapalota), is considering turning it into a hotel, writes napi.hu. The turreted castle-style building, which was built... [read complete entry]
June 16, 2008, 10:14 CET
Off season spells weaker turnover for Lake Balaton hotels
Tourism drops at Lake Balaton hotels despite increases in numbers visiting wellness resorts. [read complete entry]
June 13, 2008, 02:16 CET
Hotel Association demands drop to 5% VAT on accommodation
The Hungarian Hotel Association is campaigning for a sharp reduction in VAT charged on hotel rooms from 20% to 5%. According to a KPMG study commissioned by the organization, the move would boost tourism without reducing the government' Ft 2.6... [read complete entry]
May 27, 2008, 11:56 CET
Is Hungary's "Eurovegas" legit, or just a big shell game?
According to ingatlanok.hu, one Hans Asamer is saying that by the end of this month he will submit an application for the building permits necessary to begin work on the long-promised "Eurovegas Hungary" gaming and resort complex near the border... [read complete entry]
May 09, 2008, 02:31 CET
Colliers checks in to Hungarian hotel market
With the hotel business being a rare bright spot in Hungary's otherwise stagnant economy, the sector is drawing in an increasing volume of both investment and the talent needed to make sure new deals are being done well, and for... [read complete entry]
February 25, 2008, 11:27 CET
Central Europe's biggest indoor water theme park to open in Budapest this year
With nearly three dozen pools and slides, Central Europe's biggest indoor water theme park will open in Hungary this October. [read complete entry]
January 08, 2008, 11:37 CET
Danubius Group to build hotel near Gellért Baths
The Danubius Group has won a Ft 2.4 billion tender to build a new hotel complex adjacent to Budapest's Gellert baths. [read complete entry]