Extraordinary increase in Hungarian accommodation prices
There has been a significant increase in terms of Hungarian accommodation prices recently. Our article shows you what to expect when travelling to Hungary.
Accommodation prices on the rise
Accommodation providers and private contractors are experimenting at the beginning of the year. They are trying to estimate how much they can ask for an accommodation in the Hungarian market over the coming year.
In 2022, there will be a price increase of about 70 per cent compared to the first quarter of last year.
While at the beginning of 2021, the national average was HUF 7,100 (€20)/person/night, this year, the same condition is already HUF 12,000 (€34), writes portfolio.hu. The reason behind the increase is complex. Overhead costs have risen due to energy prices, and labour costs have risen due to labour shortages. There is less revenue due to inflation, as well as the pandemic. In addition, the tax breaks introduced due to the epidemic have come to an end.
Several accommodation providers have started renovating during the pandemic and are raising prices for better services.
“All this is crowned by the fact that the desire to travel increases from time to time. The desire to escape due to the pandemic and the growing demand can also raise prices. We suggest that instead of popular periods, such as long weekends, it is worth booking accommodation for the days preceding or following the holiday. Or, if you have days off, it is better to choose weekdays because, in such cases, we can typically provide accommodation at a much better price,” said Lili Kelemen, the spokesperson of szallas.hu.
The season of domestic tourism could be strong this year
The number of pre-bookings is already higher than last year.
Based on the data so far, the most popular tourist destinations, besides the capital, are Eger, Gyula, Hajdúszoboszló, HévÃz, Pécs, Szeged, and Zalakaros, writes haszon.hu.
Andrea Rádóczy, the regional president of the Association of Hungarian Hotels and Restaurants in Lake Balaton, said that many accommodation providers had switched to dynamic pricing. This method is also used when buying airline tickets.
“It means that demand determines the price. So, when you look at prices, an important factor to consider is what period you are thinking about and how many weeks or months before the date you start looking for accommodation.
It is hard to catch a discount price at the last minute. However, with conscious planning, you can book a number of special hotel stays, even with discounts and extra services,” suggested Rádóczy.
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Source: haszon.hu, portfolio.hu
Every second day an “article” with lots of missing info about real estate prices…. Isn’t there anything new?
Dear Borat, we would like to hear what sort of information would you be interested in so we can improve our real estate-related content in the future. Thanks in advance!
Greed & Exploitation – blatant acts of Humans – landlords – without any FACTUALLY & Honest reason(s) – just driven by Greed & Exploitation.
Its a GROWING list of Sellers Market in the Property landscape scene of Hungary.
Sellers – outnumber Buyers – that continues to TREND into what will be a Carnage situation, in the broadsheet of the Property Market(s) in Budapest, Hungary.
WHERE are the Buyers going to come from???
We build on and on – who are going to purchase these properties ???
Hotels – we build on – we renovate on – who back to a degree of normality of tourist numbers, not forgetting the Government of Hungary are reliant of 9.4% of the GDP – from Tourism, the highest GDP – in the European Union Countries and of course our 27% Vat loading – it to ranks number 1 – in the EU.
Saturated position of sellers in the Property Market that is faced with an Economy in Hungary – that ALL – Global Core used Indicators used, to access the performance at present and going forward – trending in direction, that highlight the Hungarian economy is under immense presure – weakening.
Renters – don’t be Exploited.
Sizable growing in number of apartments, flats, and houses – to Rent in Budapest, Hungary.
Landlords – who through Greed & Exploitation – abuse potential Tennants – “shame & blame” them, or go away and if still of interest in the property – having done your research – YOU – make an OFFER to the Landlord.
The “underbelly” of the Property Market – its BROAD landscape – apartments, renovated apartments, new & renovated – Flats & Houses – Warehouses & Storage Facilities – new & renovated – Saturated with SELLERS.
Hotels – new & renovated – who is going to sleep in ALL the beds available ???
There will be CARNAGE – and it will not be pleasant.