Hungary Tourism Report Q2 2016
BMI View: We expect Hungary's tourism market to continue its healthy growth as the number of touristarrivals in the country will steadily increase in the forecast period. Initial concerns about the decrease inthe number of Russian tourists have been discarded as the Asia Pacific and the North American marketstarted bringing in more tourists, a trend that is set to continue in the next five years. This will contribute toincreasing the value of international travel receipts. However, Hungary has yet to realise the full potentialof the Asia Pacific market, which could bring significant revenues but is being held back due to the complexprocess for obtaining visas.
Key Updates And Forecasts
Overall, Hungary's inbound tourism market is expected to experience steady growth throughout ourforecast period, with arrivals set to increase from 12mn in 2016 to 13.4mn in 2020 - the majority ofwhich will be accounted for by travel from Hungary's European neighbours.
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