Catering Turnover Up Over 30% in Hungary this May

  • 14 Jul 2022 12:47 PM
  • Budapest Business Journal
Catering Turnover Up Over 30% in Hungary this May
Compared to the rising base due to the gradual post-Covid reopening a year ago, the volume of catering turnover increased by 34.3% in May after the 89.3% increase in April, while its sales revenue increased by 55.8%, according to profitline.hu.

The recovery of the hospitality sector may continue in the coming months, supported by the increasingly strong recovery of international tourism, which also supports GDP growth in the coming quarters.

Tourism growth also supports the balance of services and, through this, the improvement of the current account.

Due to the gradual lifting of the restrictive measures taken against the second and third waves of the pandemic a year ago, the growth rate will slow down in the coming months, but growth may still be maintained.

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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