Hungarian Tourism Agency forecasts hard times ahead

More and more foreign tourists are cancelling visits to Hungary planned in the coming months, in line with the trend across Europe, the Hungarian Tourism Agency told MTI. The cancellation rate among tourists from the Hungarian tourism industry's biggest foreign markets stands close to 19 percent, the agency said. The cancellation rate among Germans, who account for the largest number of foreign visitors to Hungary, is 13.3 percent, while it stands at 40.3 percent for Israeli tourists, 37.8 percent for Italians and 25.4pc for Romanians, it added. The cancellation rate for domestic travellers is 13.2 percent. The agency expects revenue from commercial accommodations to decline "at least around 40-50 percent" in March-April from the same period a year earlier.