New trends at the Budapest hotel market 2000–2014
The study presents the changes in the hotel market in Budapest, follows and analyzes it between 2000 and 2014. Budapest - the most popular and most known tourist destination in Hungary - hosts a large part of the domestic hotel supply. This market is very colorful, all the typical hotel types of the international hotel markets can be found in the Hungarian capital; many of those qualified by the requirements of the Hotelstars system.
The study analyses the expansion of the market, the appearance of new hotel types and their spreading in Budapest. It analyzes the hotel supply and its composition, the characteristics of each hotel types, and the distribution of the hotels by their classification. By using different indicators the study shows the economical role of hotels. Searches the explanation of why the economical crisis in 2008 has not reduced the investments, how the fashionable trends have spread and what kinds of developments are expected in Budapest in the near future.