Tourism was once again a key contributor to Hungary's GDP growth, which accelerated to a seasonally adjusted 5% in the third quarter of this year, according to analysts.

The country's economy expanded faster than expected in the latest quarter and prompted the government to increase its annual GDP growth forecast to 4.3-4.5% for 2018 as a whole from its earlier expectation of 4.3%.

Tourism expanded twice as fast as Hungary's GDP in the past two years, making it one of the most successful sectors of the economy, Zoltán Guller, chief executive at the Hungarian Tourism Agency (MTÜ), said after the GDP data were published.

Guller has reiterated that the government aims to increase the share of tourism to 16% of GDP and boost the number of guest nights to 50 million from the current 30 million by 2030.

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