Hotel Development: Budapest is on the uphttps://hoteldesigns.net/wp-content/uploads/2018/09/budapest-2173057_960_720.jpg 960 523 Hamish Kilburn Hamish Kilburn https://secure.gravatar.com/avatar/2edcad40930314dca244a6a9d0589916?s=96&d=mm&r=g
HVS has released a new report on the hotel sector in the Hungarian city of Budapest, which highlights the strong recovery the city’s hotels have seen on the back of increased visitor numbers…
A report published by HVS suggests that Budapest, with big name hotel groups planning to open over the next three years, is on the rise when it comes to hotel development.
The capital city of Hungary and the ninth-largest city in the EU, with close to 1.7 million inhabitants in 2018, Budapest traditionally had a strong industrial focus, but has since shifted to the service industries including banking, finance and real estate. The city is also a cultural and historic centre, with several renowned monuments including UNESCO World Heritage sites such as the Buda Castle district and the banks of the Danube. The city is also filled with various museums, parks, squares and a variety of restaurants and bars, making it the perfect weekend destination.