New Market Research Report: Hungary Tourism Report Q2 2016

We expect Hungary ' s tourism market to continue its healthy growth as the number of tourist arrivals in the country will steadily increase in the forecast period. Initial concerns about the decrease in the number of Russian tourists have been discarded as the Asia Pacific and the North American market started bringing in more tourists, a trend that is set to continue in the next five years. This will contribute to increasing the value of international travel receipts. However, Hungary has yet to realise the full potential of the Asia Pacific market, which could bring significant re venues but is being held back due to the complex process for obtaining visas .

Key Updates And Forecasts

Overall, Hungary's inbound tourism market is expected to experience steady growth throughout our forecast period, with arrivals set to increase from 12mn in 2016 to 13.4mn in 2020 - the majority of which will be accounted for by travel from Hungary's European neighbours.

Full Report Details at
- http://www.fastmr.com/prod/1119003_hungary_tourism_report_q2.aspx?afid=301

The government is very active in promoting the country abroad as a major tourist destination. It is also attempting to retain Hungarian tourists, developing certain areas of the country that are more likely to attract them for some holidays (for instance ski resorts).

Wizzair continues to open-up new routes. In October/December 2015, the following new routes were inaugurated from Budapest airport: Paris-Beauvais; Tenerife; Milan: and, Azerbaijan.

The Hungary Tourism Report has been researched at source and features BMI Research's independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Hungary Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Hungarian tourism industry.

Key Benefits
Benchmark BMI's independent tourism industry forecasts for Hungary to test other views - a key input for successful budgetary and planning in the Hungarian tourism market.
Target business opportunities and risks in the Hungarian tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Hungary.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

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