The tourism sector has been gaining weight within the Hungarian economy; the sector’s performance has been improving steadily since 2013. According to the Hungarian Central Statistical Office (KSH), in 2017 the gross value added of the accommodation services and catering sector increased by 7.4 percent at constant prices, which pace of growth exceeded that of the country’s overall GDP. The latest relevant data published earlier this week show that the positive trend continued this year: in the period January-July 2018, the number of tourism nights at accommodation establishments was up by 4.3 percent and gross revenues at these facilities increased by 8.6 percent year-on-year.

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(Ministry of Finance)