Hungary should make a significant step forward in the next few years regarding the profitability of its hotels, László Könnyid, president of the Association of Hungarian Hotels and Restaurants (MSZÉSZ), told turizmus.com in an interview.

Hotels in Budapest was ranked only 29th on the list of 35 cities examined in the latest report by Smith Travel Research (STR) based on average room prices in January-April, according to Könnyid. He said local hotels made it only in the 27th spot regarding average revenue per available room (Revpar).

 

"If we improve this, it will also become easier to increase the share of tourism in the country's GDP from 10% to 16% by 2030," Könnyid said. But the government should reduce the current VAT rate to make this dream come true, he has reiterated.

 

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