Travel Accommodation in Hungary: New research report available at Fast Market Research

The number of bed nights in travel accommodation grew by 3% in 2012, fuelled by the growth of 11% in number of bed nights spent by inbound tourists in hotels and growth of 4% in number of bed nights spent by domestic tourists in hotels. The number of bed nights in travel accommodation also grew for the third consecutive year in 2012 due to ever increasing demand for health and wellness services in Hungary, especially among inbound tourists. The number of bed nights spent by inbound tourists in health and wellness hotels grew by 22% in 2012 while the number of inbound tourists visiting health and wellness hotels grew by 8%. Health and wellness hotels are also increasingly being sought after by domestic tourists and the number of bed nights spent by domestic tourists in these hotels grew by 15% in 2012.

Competitive Landscape

The leading player in hotels in 2012 was Danubius Hotels Rt with value sales of HUF13.8 billion which equated to a retail value share of 10%. It also accounted for a share of 2% of outlets with 21 outlets and a share of 9% of rooms with 5,350 rooms. The second leading player was Accor-Pannonia Hotels ZRt, with a value share of 9%. It also accounted for a share of 2% of outlets with 17 outlets and a share of 3% of rooms with 1,890 rooms. The third leading player in hotels in 2012 was Hunguest Hotels ZRt with a retail value share of 3%.

Full Report Details at
- http://www.fastmr.com/prod/831188_travel_accommodation_in_hungary.aspx?afid=301

Industry Prospects

Constant retail value sales of hotels are expected to grow by a CAGR of 2% while the number of hotel outlets will decline by a CAGR of 1%. Other travel accommodation is expected to suffer a constant retail value decline at a CAGR of 2% and the number of other travel accommodation outlets is expected to decline by a negligible CAGR. The decline in the sales revenue of other accommodation outlets will darken the growth prospects of hotels, as the preference of tourists, especially inbound tourists, is clearly shifting away from other accommodation types to 4-5 star hotels, as they offer a higher standard quality of services.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Travel Accommodation industry in Hungary with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Travel Accommodation industry in Hungary, our research will save you time and money while empowering you to make informed, profitable decisions.

The Travel Accommodation in Hungary market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values, company and brand market shares

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