Opportunities of Tourism in the Region of Northern Hungary in the Period of Global Economic Crisis

Abstract

The impacts of the crisis will probably affect the tourism of Hungary and that of the region of Northern Hungary only in the short term. With the end of the crisis, the performance of tourism will develop in accordance with the previous tendencies.

Tourists are thrifty, the turnover of 4-5 star hotels is decreasing while mid-category hotels have experienced the crisis to a lesser extent, and in some areas have even recorded an increase.

Primarily the number of foreign and particularly that of transatlantic guests has decreased owing to the impact of the crisis.

The region of Northern Hungary has experienced a decrease in the number of foreign guests to a lesser extent (resulting from its very low proportion).

Hotels employing qualified labour can even show an increase in their turnover through an increase in the market activity, however, the stagnation of the prices and price increases at a rate lower than that of inflation may lead to decreasing revenues in real terms.