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.

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 will expand by 3.0% in 2017 and by 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.

Budapest

TBA SOON

Istanbul

TBA Soon 

Warsaw 

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