Customers are crowded, hoping to get a cheap hotel in Budapest due to the epidemic period. However, sellers do not allow it.

Owner clients are besieging hotel owners in Budapest with half-price or quarter-price deals, writes Privátbankár.hu. According to the newspaper, due to the epidemic period, investors, both foreign and domestic, hope to be able to find cheap hotels in Pest.

Hotels, on the other hand, do not allow it. “There is no crisis, only lockdown,” said Tamás Flesch, president of the Hungarian Hotel and Restaurant Association, who, as a co-owner of the Continental Group, runs a hotel management company and said that the owners are not obliged to sell due to the credit morale.

As the sector is confident that tourists will return next year, hotel construction that has already started has not stopped, but banks will no longer lend for future developments.

The newspaper also addressed Péter Kraft, the owner of Kraft és Társa Turistikai Fejlesztő Kft., According to which Hungarian, European, Chinese and Arab buyers shake hands, but cannot find a seller, but further west, in Berlin and Paris, the prices can be felt



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Due to restrictions, domestic tourism fell close to the spring low



hvg.hu
Company

In October, domestic tourism accounted for nearly nine-tenths of guests’ overnight stays, according to CSO data.

Mihály Varga: Salary support for tourism and hospitality will continue until the end of January



hvg.hu
Company

In addition to the 50 percent wage subsidy, tax and contribution reductions will also remain in the sector. The government will extend the steps so far to travel companies.