Fast Market Research announces the availability of the new Business Monitor International report, "Hungary Tourism Report Q1 2016", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 11/11/2015 -- Hungary's tourism sector is forecast to experience good growth up to 2019. This growth can be directly linked to the economic state of the country, something that is set to improve over the same period including an expected GDP growth of 3% over 2015. The sector will also benefit from increases in the number of inbound tourists, especially from nearby European countries, as other economies consolidate and disposable income becomes more readily available. The Hungarian government is keen to invest in tourism, including significant improvements in the travel infrastructure and developing better marketing to developing markets such as Asia and the Pacific.
Get More Details on this Report and a Full Table of Contents at Hungary Tourism Report Q1 2016
Hungary's tourism is currently based predominantly around its major cities with the capital, Budapest, a particularly popular destination. This is highlighted by the number of domestic and international hotel chains with a range of properties in the largest urban areas and very little elsewhere. One of the most important markets for Hungary is Health Tourism. The government has been keen to stress the low cost of treatments and healthcare in the country compared to that of the UK, the US and Scandinavia. Health tourism is expected to grow by nearly 10% over the next five years.
The Hungary Tourism Report has been researched at source and features BMI Research's independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.
BMI's Hungary Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Hungarian tourism industry.
-Benchmark BMI's independent tourism industry forecasts for Hungary to test other views - a key input for successful budgetary and planning in the Hungarian tourism market.
-Target business opportunities and risks in the Hungarian tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Hungary.
-Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).
BMI Industry View
This contains a synopsis of our forecasts, and any changes, together with an overview of key trends and developments in the tourism industry, and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects, new hotel developments, and acquisitions.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the tourism sector and within the broader political, economic and business environment.
BMI Industry Forecast Scenario
Forecasts to end-2019 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:
-Inbound Tourism: Total arrivals (?000 and growth % y-o-y), arrivals by region (?000 and growth % y-o-y), arrivals by country (?000 and growth % y-o-y), top 10 source countries for arrivals.
-Outbound Tourism: Total departures (?000 and growth % y-o-y), departures by regional destination (?000 and growth % y-o-y), departures by country (?000 and growth % y-o-y), top 10 destination countries.
-Travel & Receipts: Methods of travel for arrivals (air, ship, rail) (?000 and growth % y-o-y), international tourism receipts for transport (USDbn and growth % y-o-y), international tourism receipts for travel items (USDbn and growth % y-o-y).
-Hotels: Hotel industry value (USDbn and growth % y-o-y), number of hotels (?000 and growth % y-o-y), total overnight stays (?000 and growth % y-o-y), length of stay, occupancy rate (%), number of total
BMIs Tourism Risk Reward Index
BMIs Risk Reward Indices provide investors (tour operators, tourism infrastructure investors, financial institutions) looking for opportunities in the region with a clear country-comparative assessment of a market?s risks and potential rewards.
Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide an indices of highest to lowest appeal to investors, with each position explained.
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