Budapest Hotels To Close Again

  • 3 Sep 2020 8:02 AM
  • Hungary Around the Clock
Budapest Hotels To Close Again
Budapest hotels must close again, due to the government-imposed travel restrictions, as they live off foreign tourists who are now unable to enter the city, head of the Hungarian Hotel and Restaurant Association Tamás Flesh told Inforádió on Wednesday.

The situation experienced in April has returned, he said.

The exposure of the hotels to foreign tourists in the capital is 90%. In Budapest, domestic tourism cannot compensate for the loss of foreigners.

Without government help, hotels will have to shut, Flesh underlined.

July and August were strong months; hotels outside of the city made profits but Budapest facilities barely broke even.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

  • Coronavirus: Budapest Hotels Likely To Close This Week

    Coronavirus: Budapest Hotels Likely To Close This Week

    • 19 Mar 2020 9:10 AM

    Hotels in Budapest will probably close this week, due to measures introduced in response to the coronavirus crisis, and because room occupancy is tending towards zero, Hotel and Restaurant Association president Tamás Flesh told Portfolio.