Published: December 07 2023
Hungarian travelers have set a new record by spending a total of 1200 billion Forints on trips abroad. This article will highlight the key details and trends of this record-breaking spending.
Increased Duration of Travel
In the period of July-September, Hungarian travelers spent more days on trips abroad compared to the previous year. The number of days spent on multi-day trips increased by 29% to reach 20.9 million days, while the number of one-day trips increased by 18% to 3.7 million. This increase in duration contributed to the overall rise in spending.
The majority of the Hungarian travelers' spending, reaching 188 billion Forints, was allocated to accommodation and hospitality services during both one-day and multi-day trips. Additionally, cultural, sports, and other tourist services accounted for nearly 65 billion Forints, while food and drinks accounted for 35 billion Forints. Moreover, 27 billion Forints were spent on fuel, 24 billion Forints on durable and valuable goods, and 109 billion Forints on purchasing other goods during these trips.
European Destinations Dominate
European countries continue to be the preferred destinations for Hungarian travelers. Out of the total spending, more than 90% (563 billion Forints) was spent within Europe. The top European countries visited were Greece (95.5 billion Forints), Austria (nearly 69 billion Forints), Germany (59 billion Forints), Croatia (over 53 billion Forints), and Italy (40.4 billion Forints). The preliminary data also indicate that 26 billion Forints were spent in the United States and 14.5 billion Forints in Asia.
Positive Outlook for Travel Industry
Despite inflation and rising living costs, the desire for international travel among Hungarians remains strong after the COVID-19 pandemic. Experts in the tourism industry predict a busy year and record-breaking revenues for domestic travel agencies. Popular travel choices include winter ski trips as well as exotic trips transitioning from winter to summer.
Hungarian travelers have shown a remarkable increase in spending on trips abroad, setting a new record of 1200 billion Forints. The longer duration of trips, preferred spending categories, and European destinations have all contributed to this record-breaking trend. The positive outlook for the travel industry indicates a promising year ahead.
Questions & Answers
How much did Hungarian travelers spend on trips abroad in July-September? Hungarian travelers spent a record 610 billion forints on trips abroad in July-September, which is 50% more than the same period last year.
How much did Hungarian travelers spend on accommodation, services, fuel, and food abroad? Hungarian travelers spent 610 billion forints on accommodation, services, fuel, and food abroad.
How much did Hungarian travelers spend on trips abroad in the first three quarters of the year? Hungarian travelers spent a total of 1,200 billion forints on trips abroad in the first three quarters of the year.
How many times did Hungarian citizens travel abroad in the third quarter of the year? Hungarian citizens traveled abroad more than 6.3 million times in the third quarter of the year, which is 15% more than the same period last year.
Which European countries did Hungarians travel to the most? Hungarians mostly traveled to European countries. The most visited countries were Greece (3.4 million days), Croatia and Austria (2.6 million days each), Germany (2.1 million days), Italy (1.4 million days), and Romania (nearly 1.1 million days).
How many days did Hungarians spend abroad during their trips in the third quarter of the year? During their trips abroad, Hungarians spent a total of 20.9 million days in the third quarter of the year, which is a 29% increase compared to the previous year.
How much did Hungarians spend on accommodation and hospitality services during their trips? Hungarians spent the most money on accommodation and hospitality services during their trips, totaling 188 billion forints.
Where did Hungarians spend most of their money during their trips abroad? Of the 610 billion forints spent by Hungarians on trips abroad, more than 90% (563 billion) was spent in Europe, followed by 26 billion in the United States and 14.5 billion in Asia.
Is the demand for foreign travel expected to continue in the coming year? Tourism experts predict a busy year for domestic travel agencies, as the desire of Hungarians to travel abroad has not diminished despite the COVID-19 pandemic.