Hungary to invest in tourism upgrades

The government of Hungary will allocate an extra 150 billion Hungarian forints (469 million U.S. dollars) to the full revamping of tourist accommodations and other developments in the country, the head of the Hungarian Tourism Agency (MTU) Zoltan Guller said this week.

“All privately-owned accommodations will receive one million forints per room for development and reconstruction,” the Hungarian news agency MTI quoted Guller as saying.

The government will also help restart the tourism industry by developing open-air pools and other attractions, according to Guller.

Tourism contributed 13 percent of Hungary’s gross domestic product (GDP) in 2019, which the MTU expects to increase to 16 percent by 2030.

According to the China National Tourist Office in Budapest, 277,389 Chinese tourists visited Hungary in 2019, an 8.36-percent increase year-on-year. (1 U.S. dollar = 320.14 Hungarian forints)