Tag Archives: Hungary

Hungary’s tourism still has lots of potential – New Ritz-Carlton in Budapest will be a landmark

Budapest/Hungary, 19th May 2016 – Hungary still has lots of potential in tourism, in the larger cities as well as in traditional holiday areas such as Lake Balaton. During the past five years the spending of visitors increased by more than five billion euros. Although new hotel rooms can be placed on the market very well, the investments are currently restrained. Only six hotels are in the pipeline in Hungary right now, as TOPHOTELPROJECTS, the specialized service provider in the exchange of cutting-edge information between clients and contractors in the international hotel industry, announced.

Ritz Carlton Budapest - Lobby

Landmark in Hungary: recently opened Ritz-Carlton Budapest

 

One of the projects will be a new budget brand hotel Meininger in Budapest with 184 rooms; opening is scheduled for spring 2018. At the airport of Budapest a new airport hotel (200 rooms, opening: early 2017) will arise and Carlson Rezidor is investing in a new Park Inn Hotel in Zalakaros in the South of Balaton (236 rooms, opening in spring 2018).

But the potential for new hotels is significantly higher. Analysts at Horwath HTL estimated that Budapest itself will be in the need of more than 1,000 new rooms until 2019. Other forecasts are even higher. The hotel stock in the capital will grow by five to ten percent, they say.

A new hotel landmark is the recently opened Ritz Carlton in Budapest: This luxury hotel with 170 comfortable rooms and 30 elegant suites is located in a historic building in a prime, central location.

Ritz-Carlton Hotel Company to Open Doors in Budapest, One of the Most Beautiful Cities in Europe

Known for innovators and dynamic thinkers, Hungarian city to welcome The Ritz-Carlton in 2016

Budapest, Hungary – 06 May 2015 – The Ritz-Carlton Hotel Company has signed a deal with Al Habtoor Group, the UAE based conglomerate, which will see the opening of the first property from the luxury brand in the Hungarian capital. Located in the heart of Budapest, the 192 room hotel overlooks Erzsébet square with commanding views of St Stephen’s Basilica. The property will undergo an extensive renovation set to commence at the beginning of 2016 and is due for completion in the second quarter, making it a stunning member of a portfolio of hotels known for its exacting service and exceptional attention to detail.

Ritz Carlton Budapest - Lobby

Ritz Carlton Budapest – Lobby

“Hungary represents the next great international expansion opportunity for The Ritz-Carlton,” said Herve Humler, President and Chief Operating Officer. “We are especially pleased that our initial presence will be in Budapest, the country’s principal political, cultural, and commercial centre,’ he added.

Budapest is home to some of Europe’s most impressive historical architecture, such as the Buda Castle, the Chain Bridge, Heroes’ Square, the Parliament and St. Stephen’s Basilica. It is widely known as a popular tourist destination in Central Europe; home to a number of World Heritage Sites such as the banks of the River Danube, the Buda Castle Quarter, Andrassy Avenue, Heroes Square and the Millennium Underground Railway (the second oldest in the world).

“We are delighted to be partnering with the Ritz-Carlton for such an exquisite property to build on our unique portfolio of hotels. We are bringing together two of the best names in the business, both dedicated to offering world-class luxury and hospitality. We look forward to welcoming guests to experience the renewed property in early 2016, said Mohammed Al Habtoor, Vice-Chairman and CEO, Al Habtoor Group.

The Ritz-Carlton Hotel Company adds another European capital to the growing portfolio of destinations in which global travellers will find the luxury hotel company’s award winning service, due to reach 100 hotels by the end of 2016.