Xpat Opinion: Hotel Sector Growing in Budapest
- 12 Dec 2012 8:00 AM
One of the strengths of the Hungarian economy is tourism where both public and private initiatives significantly influence the property market of the inner city of Budapest. Tourism worldwide has seen a 4.5% expansion last year, while it was 11% in Hungary, and 16% in Budapest, and this trend is likely to grow in 2013.
Pictured: The beautifully renovated boutique hotel Nemzeti Budapest recently opened on the busy ring road in central District 8. The eclectic “Rococo Baroque” building is owned by a French investor, and operated by Accor luxury brand MGallery for the next 20 years.
By Andras Patkai., Entrepreneur, Founder and CEO of CE Invest Group, and expert blogger on real estate and property issues in Budapest and Bratislava.
This opinion does not necessarily represent the views of this portal, your opinion is welcome too via info@xpatloop.com
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