Research and Markets: Hungary Tourism Report Q3 2012 - Wizz Air Has Largest Budapest-Based Fleet In Hungary

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xfmr58/hungary_tourism_re) has announced the addition of the "Hungary Tourism Report Q3 2012" report to their offering.

Tourism Overview Although growth slowed markedly at the end of the year, 2011 was favorable for foreign tourism in Hungary - indeed growth in arrivals was the strongest for many years - but domestic tourism demand was weak. Based on official data, growth in foreign tourist arrivals (non-residents staying at least one night) was just under 8% year-on-year (y-o-y). The number of same-day visitors, meanwhile, was up a much weaker 2.2% y-o-y. In Q411, growth in foreign tourist arrivals slowed to 5.4% y-o-y, after a solid performance in Q311, when there was a 9.6% increase in arrivals compared with Q310. In Q111 and Q211, growth stood at 7.3% and 7.7% y-o-y respectively. Overnight visitors have increased each year since 2008.

Hospitality

After good data in January 2012, figures for the first two months of the year show that the total number of nights by foreign and domestic tourists spent in all accommodation establishments rose a sound 7.8% y-o-y.

The difference in growth rates between international and domestic visitor nights though was considerable, at 15% and 0.8% y-o-y respectively. It is assumed that, in case of five-star hotels, a noticeable fall in the number of foreign guests and tourism nights of about 9% and 4% y-o-y respectively in February was partly due to the bankruptcy of Malév Hungarian Airlines, which occurred on February 3 2012.

Companies Mentioned

- AccorPannonia Hotels

- Danubius Hotels Group

- Hilton Worldwide

- Malév Hungarian Airlines

- Wizz Air

For more information visit http://www.researchandmarkets.com/research/xfmr58/hungary_tourism_re