Tourist arrivals in accommodation in Budapest 2000-2022
The number of tourist arrivals in accommodation establishments in Budapest has increased steadily since 2009 and peaked at around 4.6 million visitors in 2019. Almost four million of these were international tourists. However, because of the travel restrictions imposed to stop the spread of the coronavirus (COVID-19) pandemic, the number of arrivals at accommodation establishments in Budapest decreased to one million in 2020. In the years following the pandemic, the number of tourists started growing again, reaching 3.2 million visitors in 2022.
Accommodation in Budapest
Visitors in Budapest can choose from a wide variety of accommodation types depending on their personal preferences. In 2021, there were over 22 thousand hotel rooms in the Hungarian capital, not mentioning the numerous hostels, motels, Bed & Breakfasts, and Airbnbs. As of 2019, the revenue of hotels in Budapest per available room peaked at 71.5 euros, however, this figure decreased considerably over the following year due to the coronavirus (COVID-19) outbreak.
Airbnb in Budapest
Since 2014, there has been a dramatic increase in the number of accommodations available on Airbnb in Budapest. In 2020, there were almost 10 thousand available apartments on the platform, most of them being in District VII. Despite this, in the summer of 2020 new regulations were introduced in Hungary. These rules allowed local governments to limit the number of days apartments can be leased for, which will inevitably have a negative effect on Airbnb rentals.
