Nowadays there is a significant increase in Luxury Outbound Traveling in Central and Eastern European countries. According to Eurostat online publication “Tourism trips of Europeans”, due to the economy rise, people in these countries have started to search new travel destinations and invest more time and money in travelling. In 2014 (the most recent reference year for which complete data was available) residents of the European Union made 2,5 million trips (for personal or professional purpose) and spent 2 562 million nights during those trips. Tourist expenditure amounted to EUR 221 326 million.

Romanian Market

With the lowering employment rate and constant growth  of 2.8% per year of the luxury market, Romania is becoming one of the most prospective markets in the CEE region. According to the Romanian institute of statistics ( institutul national de statistica) the real wages  are rapidly growing and the record 9.1% annual increase is predicted for 2019.

Positive country’s economy growth has direct effect on the outbound tourism, making Romania one of the most perspective countries in the CEE region.

Hungarian Market

Experts claim that the outlook on the rise of the Hungarian economy for this and next year is bright due to the planned 15–25% minimum wage hike, increased EU funds inflows, tax cuts and a solid labor market. Experts forecast that the Hungarian economy expanded by 3.0% in 2017 and 2018, it is expected to grow 2.9%.

Such growth of economy leads to the increase in number of outbound trips. In 2016 the number of outbound trips made by Hungarian residents grew by 9% compared to 2015.

Polish Market

According to an article by FocusEconomics, the rise of polish outbound travel market is conditioned by the rising of economy at the start of 2017, after GDP growth edged up at the end of 2016. Moreover, well developed labor market and government stimulus measures fuel the consumption boom and the rise of GDP. The FocusEconomics panel sees growth of 3.1%. In 2018, the panel sees GDP expanding by 3.3%.

“Increase in outbound tourism among Poles is caused by the improved economy – the household incomes are going up and the unemployment rate is going down.” says Andrzej Betlej, the president of Traveldata.

11 November, Bucharest

 Bragadiru Palace

The Bragadiru Palace was built according to the plans designed by the Austrian architect Anton Shuckerl, in 1894.The summer garden and terrace harmoniously complete this building with eclectic architecture, with spiral stairs in the Norman style, with stuccoes, statues inserted in the facade, Venetian mirrors and balconies in Victorian style. Bragadiru Palace remains one of the most imposing buildings of Bucharest to date.
Address: Calea Rahovei 147-153, Bucharest 050892, Sector 4, Romania 
http://www.palatulbragadiru.ro/

13 November, Warsaw

Villa Foksal
The Villa Foksal restaurant is a special place with great food and a charming atmosphere in the center of Warsaw on one of the most elegant streets in Europe and is located in a tenement house rebuilt after the war. Beautiful, subdued interiors in grey and taupe colours captivate with their warmth and cosiness. Everybody who visited Villa Foksal, will remember how special this venue is.

Address: Foksal 3/5, 00-366 Warszawa, Poland
Phone no.: +48 22 827 87 16

https://www.restauracjavillafoksal.pl/

12 November, Budapest

Symbol 
A unique place where history, local legends, modern gastronomy and the story of one family come together. The ancient walls of this building conceal many mysteries and the preserved parts of the building, such as a well, roof trusses and cellars, are evidence of Hungary’s rich history. 

Address: Budapest, Bécsi út 56, 1036 Hungary
Pone no.: +36 30 748 4050

 https://www.symbolbudapest.hu/