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Hungary Hospitality Industry Outlook 2024 - 2028

See how Hungary Hospitality performed compared to key markets such as Germany, Spain and France.

Key Market Indicators

Hungarian Accommodation Services Revenue is projected to reach approximately €2.9 billion by 2028, rising from €2.1 billion in 2023. This represents an average annual growth rate of 5.1%. Since 2010, the Hungarian market has seen a yearly increase of 7.6%. As of 2023, Hungary ranked 19th, with the Czech Republic slightly ahead at €2.1 billion. Spain, France, and the United Kingdom held the second, third, and fourth positions respectively. In terms of the number of accommodation establishments, Hungary is expected to reach about 128,600 bedplaces by 2028, up from 126,300 bedplaces in 2023. This indicates a modest annual growth rate of 0.3%. However, since 1995, the supply of bedplaces in Hungary has decreased by 2.8% each year. In 2023, Hungary ranked 14th, with Portugal surpassing it with 126,300 bedplaces. Spain, France, and Germany occupied the second, third, and fourth spots in this category. Hungarian accommodation expenditure is anticipated to grow to roughly €1.2 billion by 2028, increasing from €1.1 billion in 2023 at an annual rate of 1.6%. Despite this growth, since 2000, demand in Hungary has declined by 1.1% yearly. As of 2023, Hungary ranked 20th in expenditure, with Cyprus ahead at €1.1 billion. Italy, France, and Germany were the second, third, and fourth highest spenders, respectively.

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Hungary Hospitality Market Data and Forecasts