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EUR 74.5. Meanwhile, extreme revenue gains were registered in Bratislava (+22.1%) and Bucharest (+9.3%), with current rates of EUR 63.2 and EUR 53.7.

These favourable market indicators acted as catalysts in the recent emergence of hotels as an attractive asset class for investment in Hungary as well as in wider CEE, as the long-awaited wave of investor interest finally reached the country in 2019. Hungary saw an annual hotel investment volume of EUR 261 million, the highest figure ever on record. This involved seven transactions – six hotels and an office building to be redeveloped into a hotel – with an average ticket size of EUR 37 million. The sector accounted for 15% of the total annual investment volume, overtaking industrial properties for the first time and ranking third after the office and retail sectors in Hungary.