Total visitation to Budapest has shown signs of continuous recovery since 2009. In the past three years alone, Budapest has seen a significant 12 percent growth in visitation, surpassing precrisis levels.

During the economic crisis (2008-10), Budapest’s hotels faced an occupancy decline, leading to price wars. Since then, the market has recovered strongly, with hotel performance continuously improving, making Budapest one of the fastest-growing hotel markets in Central Europe. The increasing number of arrivals to the city provide a positive outlook for average rate and occupancy growth, already evident in 2016 and 2017, with above-average revenue-per-available-room growth in the market.

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