Malév Collapse Hurting Budapest Hotels
- 20 Mar 2012 8:03 AM
"The number of guests in Budapest’s five-star hotels has fallen since state airline Malév stopped flying on February 3, according to Magyar Hotel Monitor. Higher prices could not offset the 20-25% decline in the number of guests.
One factor is the absence of transfer passenger guests.
The hotels expect the lower room occupancy to last until April or May.
Occupancy rates at four-star hotels fell 5% in February, where room prices remained stable."
Source: Hungary Around the Clock
This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.
LATEST NEWS IN travel