Peter Kraft

Company: KRAFT & Associates - Tourism Development

Position: CEO

Mission Statement

To provide quality services that enable clients to develop new tourism projects or maximize the benefits of existing ones.

Geographic Areas

Peru, Ecuador, Chile, Venezuela, Argentina, Brazil, Hungary, and most of Central-Eastern Europe


Feasibility Studies, Hotel Operator search, valuations, launching of new hotels, development of greenfield hotel projects. Development of existing and new tourism destinations.

Professional Memberships

Member of the Hungarian Association of Economists, Honorary member of the American Chamber of Commerce of Hungary (AMCHAM), its former President, Former President of United Way of Hungary, Member of the Atlantic Council, Hungarian chapter, its former Vice President, Vice President of the Association of Tourism Developers, Vice President of the Hungarian-Romanian Chamber of Commerce, Vice President of the Harvard Alumni Association of Hungary.

Articles and Publications

Frequently quoted in newspapers and magazines (trade and general) in Europe and Latin America, about tourism-related subjects. Over the years, the most important contributions were to the Financial Times, The Wall Street Journal, The Wall Street Journal Europe, Le Tribune of France, USA Today, and Business Week. Academic Activity Professor at ESSCA School of Management, Budapest campus (rated by the Financial Times within the 50 most important universities of Europe) Professor of Tourism Destination Development course at Budapest Economic University (BGE)

Representative List of Clients

Lima Airport Partners, Inmobiliaria Paracas, and Aquaprofit* from Peru KÉSZ (real estate developer) from Hungary MULTINVEST (real estate developer) from Romania ***


Harvard Business School, Master in Business Administration - 1984, University of Buenos Aires, Certified Public Accountant

Past Experience

I was the founder and General Manager of American Express' Hungarian operation, and later on Tourism Secretary of Hungary, the top tourism job within the Hungarian government.