Holiday Rentals Booming In Budapest

  • 19 Aug 2015 9:00 AM
Holiday Rentals Booming In Budapest
Guest nights at private accommodations have gone up five-fold in Budapest since 2010 in tandem with the widespread use of popular home-sharing site Airbnb, according to Central Statistics Office figures published on tourism website In the first six months of this year, the number of registrations by Budapest property owners surged from 1,500 to 7,000.

Of the 26,500 hotel rooms available in the capital, one in five are operated by private individuals, most of them in the central Fifth, Sixth and Seventh Districts. One in ten guest nights in 2014 were registered in such accommodations.

Whereas the Budapest holiday rental market is booming, elsewhere the number of individuals involved in private accommodation services fell by 9% to 35,000 in five years and the number of rooms rented out by them dropped by 5% to 93,000.

Last year, some 4.5 million nights were registered at private rooms, a 37% increase from 2013.

Source: Hungary Around the Clock

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