Budapest Hotel Market to Beat Pre-Pandemic Record in 2025

Budapest's hotel market is expected to beat its pre-pandemic guest night record in 2025, property consultancy CBRE said in an analysis on Wednesday.

Guest nights at Budapest hotels rose 5.2% year-on-year to 6.2 million in January-August, while guest numbers climbed 7% to 2.6 million, CBRE said.

Including other tourism accommodations, such as short-term rentals, guest nights in the capital increased 8% to 11.5 million, it added.

The analysis shows foreign visitors accounted for 86% of guest nights in the capital, arriving in the largest numbers from the United Kingdom, the United States, Germany, Italy, Spain, Israel, Romania, France, Poland and China. CBRE noted that guest nights spent by Chinese visitors jumped 17.4% during the period.

There are 234 hotels in Budapest with over 23,000 rooms. Another 20, with around 2,800 rooms, will be handed over in the coming three years.

The average daily rate at Budapest hotels stood at EUR 127 during the summer months.