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Hungary Tourism Report Q2 2016

  • ID: 3616106
  • February 2016
  • Region: Hungary
  • 29 pages
  • Business Monitor International
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The report predicts Hungary's tourism market to continue its healthy growth as the number of tourist arrivals in the country will steadily increase in the forecast period. Initial concerns about the decrease in the number of Russian tourists have been discarded as the Asia Pacific and the North American market started bringing in more tourists, a trend that is set to continue in the next five years. This will contribute to increasing the value of international travel receipts. However, Hungary has yet to realise the full potential of the Asia Pacific market, which could bring significant revenues but is being held back due to the complex process for obtaining visas.

Key Updates And Forecasts

- Overall, Hungary's inbound tourism market is expected to experience steady growth throughout our forecast period, with arrivals set to increase from 12mn in 2016 to 13.4mn in 2020 - the majority of which will be accounted for by travel from Hungary's European neighbours.

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Industry View
Table: Key Forecasts (Hungary 2014-2020)

SWOT

Tourism

Industry Forecast
Table: Inbound Tourism (Hungary 2013-2020)
Table: Tourism Receipts (Hungary 2014-2020)
Table: Hotel Accommodation (Hungary 2014-2020)
Table: Tourist Departures and Consumption (Hungary 2014-2020)

Industry Risk/Reward Index

Tourism Risk/Reward Index

Rewards

Risks
Table: Central Eastern Europe Tourism Risk/Reward Index

Market Overview

Competitive Landscape

Domestic Hotel Groups
Table: Domestic Hotel Groups

International Hotel Groups
Table: International Hotel Groups

Methodology

Industry Forecast Methodology

Risk/Reward Index Methodology
Table: Weighting Of Indicators

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Note: Product cover images may vary from those shown

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