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Our main fields of expertise: strategic consulting and management, organizational development, operational development, process development, cost-effectiveness, business planning and assessment, program and grant advisory, project management, and consultancy specialized in tourism.


The successful and feasible operation of an organisation needs an appropriate strategy and a matching business model. Strategy in fact means a system of strategic goals, which include company or group level strategy, business strategies, their supporting functional strategies, and it provides the connection and interaction between them. We believe that strategy is not a one-time action; not the documentation of a strategy plan set in stone. What makes it the proper means of management are appropriate monitoring, feedback and the planning of the process of necessary change. The consultants at Xellum have a customised approach in case of each client, with regard to the client’s needs and particularities, applying the matching methods in each case.

Therefore, our consultants also support their clients in the realization phase with organisational and process development projects, strategy-based business plans, the creation and execution of a target-system that provides measurability, the creation of a system of norms derived from the processes, the development of job responsibilities and interests, and the elaboration of a matching set of regulations.

Our key clients: NISZ Zrt., MOL Nyrt., MOL Ingatlankezelő Kft., Danubius Hotels, Magyar Turizmus Rt., MMKM, Budapest Airport Zrt., KPMG Tanácsadó Kft., MTK, Eötvös Loránd Tudományegyetem, Magyar Posta Zrt., Dél-Dunántúli Regionális Fejlesztési Ügynökség Kht., CEU, Reckitt Benckiser, Budapest Gyógyfürdői és Hévizei Zrt., NMHH, Magyar Labdarúgó Szövetség, MTVA, Logframe Kft., Debreceni Infrastruktúra fejlesztési Kft.(DIF), Dominium Invest Kft., CÉH Zrt., Knésa Golf Kft., ZDA-Zoboki Építésziroda Kft., Z Elektronika Fejlesztő, Gyártó és Kereskedelmi Kft.


Our financial modelling and business planning services support the owners and decision makers of companies with the assessment, modelling, and continuous review of the effects and risks of the various economic decisions (project financing, corporate financing, privatization, corporate strategy, capital expenditure and investment, spin-offs and acquisitions etc.). Our business planning and financial modelling services are most often:

  • preparation and review of business plans and financial models

  • developing and introducing standards of business planning and financial modelling

  • business valuation


In our financial advisory services we also deal with the assessment, improvement and efficiency development of supporting functions and financial-accounting divisions.

Primarily for investors, we regularly prepare financial due diligence to assess the risks of a chosen target.

For developmental projects, we regularly prepare feasibility studies, taking the financial, technical, legal and also the implementation aspects into consideration.

Our key clients: TIGÁZ Zrt., MOL Ingatlankezelő Kft., E.ON Hungária Zrt., KPMG Tanácsadó Kft., MTK, VÁTI Magyar Regionális Fejlesztési és Urbanisztikai Kht., NISZ Zrt., Reckitt Benckiser Magyarország Kft., PortfoLion Kockázati Tőkealap-kezelő Zrt., MTVA Médiaszolgáltatás Támogató és Vagyonkezelő Alap, MVM, Nemzeti Sportközpontok, Dunafin Kft., G4S Holding Kft., Bonitás Kockázati Tőkealap-kezelő Zrt., Bonitas Befektetési Tőkealapkezelő Zrt., Colliers Nemzetközi Ingatlanüzemeltető és Kezelő Kft., HELL Energy Magyarország Kft., GS Yuasa Hungary Ltd., Sella&Decor Kft., Z Elektronika Fejlesztő, Gyártó és Kereskedelmi Kft., Scheffler Investment Kft., NSC Global Kft.


The leisure and travel industries are rather complex components of the service sector. Our services provide solutions at structural and planning levels for tasks such as destination management, impact assessment, transport, regional and destination planning and marketing or experience planning. Our expertise also supports project at product level, too, such as cultural and heritage, sustainable and ecotourism or for spas.

Xellum ran the Hungarian Hotel Monitor hotel performance benchmark solution from 2009 to 2021 (in cooperation with the Association of Hotels and Restaurants). The HHM collected and analysed daily hotel performance information and data from more than 150 hotels. In 2012, we launched The Tourism Observatory for Health, Healing, Wellness and Spa, which today, under the brand name HTWWLife, prepares market and professional analyses and forecasts about the world of health, medical, and wellness tourism, and spas.

Our key clients: Magyar Turizmus Zrt., Budapest Airport Zrt., KPMG Tanácsadó Kft., Nemzeti Kulturális Alapprogram, Önkormányzati és Területfejlesztési Minisztérium, Dél-Dunántúli Regionális Fejlesztési Ügynökség Kht., Kulturális Örökségvédelmi Hivatal, Magyar Nemzeti Múzeum, Danubius Szállodaüzemeltető és Szolgáltató Zrt., Logframe Kft., Debreceni Infrastruktúra fejlesztési Kft. (DIF), Dominium Invest Kft., Monstarlab Middle East DMCC, ZDA-Zoboki Építésziroda Kft., Scheffler Investment Kft., Városkutatás Kft., Breeze Lake Zrt., Városliget Zrt., RLAGlobal, UNWTO, ETC, GWI


Business enterprises and other organisations that operate in business environment are constantly in urge to change, to adapt and to develop. This pressure may come from various sources: it may be the market competition itself, the challenges of financing, the decrease of profitability, the possible quality problems, or the expectations of the owner or regulatory authorities. The urge for change typically results from the complex presence of multiple pressure sources, so only a similarly complex approach can be a suitable reaction.

Accordingly, the efficiency development projects at Xellum usually include more – if not all – divisions of the organisation, the inner processes of operation from the identification of change possibilities, through the process-oriented analysis of costs, to the exploration of organizational reserves. Since all clients have a unique operation, in each case we apply an individual approach, which is developed based on a quick scan right after the project’s start.

Our key clients: MTVA, NMHH, NISZ Zrt., CÉH Zrt., Knésa Golf Kft.


Preparation and development of an application strategy

  • Applications monitoring, preparing an accurate resource map (grants, subsidized loans, searching other options)

  • Selecting the most suitable organisation on corporate group level for application, and preparing it for the given grant solutions

  • Optimization of the pledges on corporate group level

  • Identifying development ideas on project level, generating projects and positioning them with regard to the potential subsidized financing assets

  • Evaluating the winning chances and the risks of the specific projects and the identified financing assets


Preparing the grant application

  • Supporting the preparation process for the application to the identified subsidized financing assets (e.g.: grant, subsidized loan), and improving the chances of winning

  • Preparing the necessary documentation (e.g.: business plans, feasibility studies), compiling the grant application

  • Supporting the contracting process

  • Supporting the PR and lobby activities and state communication of the development ideas


Project management and monitoring

  • Project management of the realization, preparing the necessary documentation (Project Progress Reports, Financial accounting, Contract modifications etc.)

  • Supporting the process during the grant period, preparing the necessary documentation (monitoring reports etc.)

Our key clients: Samsonite, AGC, G4 Csoport, Hi-LEX, Dr. Oetker, Ximo, AMRI, Wittmann, BAT, Mitsuba,

Termoplast, Kresz, Plasticor, Attract, Rekard, Lematex, SVG Hungary Gépgyár Zrt., ÓVÁR Építőipari Kft., VTSZ Építőpipari és Szolgáltató Kft., Nógrádi Vegyipari Kereskedelmi és Szolgáltató Zrt., KOMPOZITOR Műanyagipari Fejlesztő Kft., POPZ Europe Kft., Kiscipó Kft., Winkler-TÜZÉP Kereskedelmi- Gyártó és Szolgáltató Kft., Z Elektronika Kft., VITAKING Kereskedelmi és Szolgálató Kft.


We primarily handle the project management of large-scale developments and interdisciplinary projects, where our versatile expertise and experience is truly needed. Our specialty is the project management of priority investment projects from their preparation, through the various phases of realization, to the handling of the final settlement.

Our key clients: MOL Nyrt., MOL Ingatlanfejlesztő Kft., MMKM, NFÜ, KPMG Tanácsadó Kft., MTK, FORSTER Központ, CÉH Zrt., BORD Építész Stúdió Kft.

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