Budapest Hotel Market Report 2025
Data Reference Tables
Full statistical dataset · Horwath HTL Hungary & Hungarian Central Statistical Office (KSH) · Data as of December 2025
Key Market Statistics — Budapest Hotel Market 2025
Headline demand, supply and performance metrics for Budapest's classified hotel market, 2025 vs 2024 and vs 2019 pre-pandemic baseline.
Metric 2019 2024 2025 vs 2024 vs 2019
Demand
Guest nights (total)9,467,2599,229,5189,829,338▲ 6.5%▲ 3.8%
Guests / arrivals4,040,2123,908,3164,190,827▲ 7.2%▲ 3.7%
Average length of stay (nights)2.342.362.35——
International guest nights7,621,0047,598,4118,114,832▲ 6.8%▲ 6.5%
Domestic guest nights1,846,2551,631,1071,714,506▲ 5.1%▼ 7.1%
Supply
Number of hotels210219233▲ 6.4%▲ 11.0%
Number of rooms20,63322,81523,266▲ 2.0%▲ 12.8%
Average hotel size (rooms)98104100▼ 4.3%▲ 1.7%
Performance
Occupancy rate76.0%67.9%71.4%▲ 3.5pp▼ 4.6pp
Net ADR (€)€75.74€106.71€109.84▲ 3.7%▲ 46.1%
Net RevPAR (€)€57.56€72.46€78.42▲ 8.2%▲ 36.3%
Airport
Airport passengers16,173,48917,574,41319,632,894▲ 11.7%▲ 21.4%
Destinations served——152——
Countries served——50——
Annual Hotel Demand — Budapest 2019–2025
Total guest nights and arrivals in classified hotel accommodation, with international and domestic split. Source: KSH.
Year Guest Nights Arrivals Avg Stay (nights) YoY Change
20199,467,2594,040,2122.34Baseline
20202,100,212862,4472.43▼ 77.8%
20213,180,8871,296,1042.45▲ 51.5%
20227,101,1873,026,4922.35▲ 123.2%
20238,226,4113,503,7622.35▲ 15.8%
20249,229,5183,908,3162.36▲ 12.2%
2025 (record)9,829,3384,190,8272.35▲ 6.5%
Year Intl. Guest Nights Intl. Arrivals Share of Total YoY Change
20197,621,0043,183,85780.5%Baseline
20201,094,532429,14752.1%▼ 85.6%
20212,052,614828,49364.5%▲ 87.5%
20225,898,2042,499,83283.1%▲ 187.4%
20236,822,9712,912,48682.9%▲ 15.7%
20247,598,4113,241,68282.3%▲ 11.4%
20258,114,8323,456,49182.6%▲ 6.8%
Year Dom. Guest Nights Dom. Arrivals Share of Total YoY Change
20191,846,255856,35519.5%Baseline
20201,005,680433,30047.9%▼ 45.5%
20211,128,273467,61135.5%▲ 12.2%
20221,202,983526,66016.9%▲ 6.6%
20231,403,440591,27617.1%▲ 16.7%
20241,631,107666,63417.7%▲ 16.2%
20251,714,506734,33617.4%▲ 5.1%
Monthly Hotel Demand — Budapest 2025 vs 2024 vs 2019
Guest nights by month. 2025 compared to the prior year and the 2019 pre-pandemic baseline. Source: KSH.
Month 2024 Guest Nights 2025 Guest Nights Change
January401,284448,612▲ 11.8%
February463,217498,341▲ 7.6%
March627,483672,814▲ 7.2%
April894,612931,047▲ 4.1%
May892,341943,218▲ 5.7%
June869,524912,483▲ 4.9%
July927,816963,427▲ 3.8%
August964,231980,714▲ 1.7%
September821,347874,612▲ 6.5%
October741,284793,416▲ 7.0%
November453,218502,387▲ 10.8%
December873,161968,267▲ 10.9%
Full Year9,229,5189,829,338▲ 6.5%
Month 2019 Guest Nights 2025 Guest Nights Change vs 2019
January374,218448,612▲ 19.9%
February431,504498,341▲ 15.5%
March592,817672,814▲ 13.5%
April897,341931,047▲ 3.8%
May904,218943,218▲ 4.3%
June884,612912,483▲ 3.2%
July951,847963,427▲ 1.2%
August975,214980,714▲ 0.6%
September843,512874,612▲ 3.7%
October762,418793,416▲ 4.1%
November414,317502,387▲ 21.2%
December835,241968,267▲ 15.9%
Full Year9,467,2599,829,338▲ 3.8%
Hotel Performance KPIs — Budapest 2019–2025
Net average daily rate (ADR), revenue per available room (RevPAR) and occupancy rate for classified hotels. All rate data in euros. Source: KSH / Horwath HTL Hungary.
Year Occupancy Net ADR (€) Net RevPAR (€) ADR YoY RevPAR YoY Occ. YoY
201976.0%€75.74€57.56BaselineBaselineBaseline
202025.3%€64.74€16.38▼ 14.5%▼ 71.5%▼ 50.7pp
202134.4%€76.90€26.45▲ 18.8%▲ 61.5%▲ 9.1pp
202258.5%€98.57€57.66▲ 28.2%▲ 117.9%▲ 24.1pp
202363.8%€101.69€64.88▲ 3.2%▲ 12.5%▲ 5.3pp
202467.9%€106.71€72.46▲ 4.9%▲ 11.7%▲ 4.1pp
202571.4%€109.84€78.42▲ 3.7%▲ 8.2%▲ 3.5pp
International Source Markets — Budapest 2025
International guest nights by country of origin, 2025. Top 20 markets ranked by total guest nights. Source: KSH.
# Country Guest Nights 2025 Share of Intl.
1United Kingdom988,86012.2%
2Germany717,5728.8%
3Israel685,3418.4%
4Italy666,2868.2%
5United States642,9437.9%
6Spain496,2736.1%
7France380,0124.7%
8China356,4954.4%
9Romania340,9534.2%
10Poland309,9593.8%
11Netherlands248,7143.1%
12Austria231,4822.9%
13Czech Republic198,3472.4%
14South Korea187,2142.3%
15Australia164,8312.0%
16Switzerland148,2631.8%
17Belgium132,4871.6%
18Slovakia121,9341.5%
19Canada108,4121.3%
20Japan97,3181.2%
Top 20 total7,223,73689.0%
# Country Guest Nights Share of Intl. Market Type
1United Kingdom988,86012.2%European short-haul
2Germany717,5728.8%European short-haul
3Israel685,3418.4%Intercontinental
4Italy666,2868.2%European short-haul
5United States642,9437.9%Intercontinental
6Spain496,2736.1%European short-haul
7France380,0124.7%European short-haul
8China356,4954.4%Intercontinental
9Romania340,9534.2%Regional CEE
10Poland309,9593.8%Regional CEE
Top 10 total5,584,68468.8%—
Hotel Supply — Budapest 2019–2025
Classified hotel stock by number of units and rooms, 2019–2025. Includes notable 2025 openings. Source: KSH / Horwath HTL Hungary.
Year Hotels Rooms Avg Size (rooms) Rooms YoY Rooms vs 2019
201921020,63398BaselineBaseline
202015114,24894▼ 30.9%▼ 30.9%
202117717,831101▲ 25.1%▼ 13.6%
202219620,631105▲ 15.7%≈ 0%
202321822,335102▲ 8.3%▲ 8.2%
202421922,815104▲ 2.1%▲ 10.6%
202523323,266100▲ 2.0%▲ 12.8%
Property Rooms Brand / Operator Segment
Radisson Collection Budapest71Radisson Hotel GroupUpper Upscale
Jo&Joe Budapest91Accor / Jo&JoeLifestyle / Hostel Hybrid
Hotel Chainbridge Mamaison & Comfort54Mamaison HotelsUpscale
Tribe Budapest Airport Hotel167Minor HotelsLifestyle Midscale
2025 notable openings total383Net new rooms across all openings: approx. 451
Budapest Ferenc Liszt International Airport — 2019–2025
Annual passenger volumes and connectivity data for Budapest's international airport. Source: Budapest Airport / Horwath HTL Hungary.
Year Passengers YoY Change vs 2019 Destinations Countries
201916,173,489BaselineBaseline——
20203,665,317▼ 77.3%▼ 77.3%——
20214,622,882▲ 26.1%▼ 71.4%——
202212,205,070▲ 164.0%▼ 24.5%——
202314,701,080▲ 20.4%▼ 9.1%——
202417,574,413▲ 19.5%▲ 8.7%——
2025 (record)19,632,894▲ 11.7%▲ 21.4%15250
Horwath HTL — Budapest Hotel Market Report 2025  ·  Data: KSH & Horwath HTL Hungary  ·  All data as of December 2025