Hungarian hospitality sector is recovering - Last year's figures are just below 2019 level

English2022. feb. 22.MTI

The hospitality sector ended the year 2021 with excellent results. According to data from online cash registers, it generated almost 26 percent higher revenue than a year earlier, falling only less than 3 percent short of the 2019 figures. Budapest's role in Hungarian hospitality is starting to return to its previous level, and it is expected to strengthen further as international traffic picks up, the Hungarian Tourism Agency (MTÜ) revealed on Monday.

Data from the Hungarian Tax Authority show that the revenue from catering outlets between January and December 2021 was 1,030.7 billion forints, 25.9 percent more than in 2020 (819 billion) and only 2.6 percent less than in 2019 (1,058 billion). The hospitality sector accounted for 7.8 percent of the total revenue through online cash registers.

33.8 percent of the turnover was generated in Budapest, but Pest (9.7 percent), Győr-Moson-Sopron (5.1 percent) and Veszprém (4.6 percent) counties were also outstanding, while at district level, the largest turnover after Budapest was generated in the districts of Debrecen and Szeged. In terms of revenue per unit, the most successful units are located in Budapest and the surrounding areas (Budakeszi, Dunakeszi, Tatabánya).

In terms of tourist regions, the area around Budapest achieved the most outstanding results at the beginning of the year, and it continued to perform very well after the summer. In the Balaton region, the summer months proved to be excellent, while at the end of the year the Sopron-Fertő, Győr-Pannonhalma and Debrecen regions saw the biggest increases compared to May, MTÜ reported. 

Budapest's hospitality revenue amounted to 347 billion forints last year, growing by 28.4 percent compared to 2020. Figures also suggest that since September, monthly results have been almost identical to those in 2019.