Hungarian hotels generated 22.2% of total consolidated revenues of Orbis hotel group, the eastern European subsidiary of AccorHotels, in the first quarter of this year, the Warsaw-based company said.

Operating revenues in Hungary increased by 11.4% to PLN 60.3 million in January-March from a year earlier, Orbis said.

The average occupancy rate of Hungarian properties rose by three percentage points to 58.7% in the same period, while average revenue per available room (Revpar) also increased to PLN 133.2 from PLN 118.7.

Ibis Styles Budapest Airport

 

Orbis operates 16 hotels in Hungary under the Sofitel, Novotel, Mercure and Ibis brands.

 

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Orbis records double-digit Revpar growth in Budapest

 

 

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Ibis Styles Budapest Airport already fully booked on weekdays

 

 

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Hotel projects boom with 44 openings planned until end-2020