The hotel market in Hungary has remained comparatively stable despite the economic and financial challenges the country is currently facing according to Jones Lang LaSalle Hotels latest Hungarian Hotel Intelligence report. At year-to-date June 2012 hoteliers in Budapest reported Revenue-Per-Available Room levels similar to those of 2011.
Angus Wade Executive Vice President at Jones Lang LaSalle Hotels commented: "Tourism demand remained steady. The country’s economic and financial problems and challenging hotel operating conditions have made investors much more cautious about investing in the Hungarian hotel real estate market. The market remains relatively illiquid with transaction activity mostly observed in the upscale segment. In the last 12 months a total of three 5-star hotels were sold including the Le Méridien Budapest, the Four Seasons Gresham Palace and the InterContinental Budapest".
Source: http://www.property-magazine.eu/the-hungarian-hotel-market-is-holding-up-22279.html