Boston, MA -- (SBWIRE) -- 11/21/2014 -- The number of visitors at tourist attractions grew by a slow 1%, and current value sales recorded 2% growth in 2013. A drop in domestic tourism combined with slowly rising prices of tickets compared to stagnating real wages contributed to the weak performance of tourist attractions in 2013. Negative impact from domestic tourists was offset by growth of inbound visitors. For them, various attractions became even more affordable due to the weak local currency. It is also worth noting that the existing domestic expenditure power is usually attributed to destinations outside of Budapest, where most of the tourist attractions are located.

Industry Prospects

Over the forecast period, the overall number of visitors and value sales of tourist attractions in Hungary are expected to grow by a 1% CAGR. There are no attractions that will show exceptional growth rates. Theatres is predicted to record the best performance over the forecast period (with a value CAGR of 3% at constant 2013 prices), with a performance which is to be boosted mostly by domestic guests. Museums also has good prospects to grow with a 2% value CAGR at constant 2013 prices. Institutions from both rely on the long traditions of a variety of programs, festivals, and exhibitions, especially in high numbers in Budapest.

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Report Overview

Discover the latest market trends and uncover sources of future market growth for the Tourist Attractions industry in Hungary with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Tourist Attractions industry in Hungary, our research will save you time and money while empowering you to make informed, profitable decisions.

The Tourist Attractions in Hungary market research report includes:

- Analysis of key supply-side and demand trends
- Detailed segmentation
- Historic volumes and values
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

- What is the market size of Tourist Attractions in Hungary?
- What are the leading visitor attractions in Hungary?
- How are casinos performing?
- Are theme/amusement parks increasing in sales?
- Is there an increase in visitors to museums?

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