ADVERTISEMENT

Growing visitor numbers boost Budapest spa revenues

Tourism

With visitor numbers growing by 3% to over 4 million, thermal baths and open-air spas in Budapest saw revenues rising by 14% to HUF 11.5 billion in 2016, Világgazdaság reported today citing data from operator Budapest Spas Zrt. (BGYH).

Although visitor numbers at open-air spas dropped - due to a colder summer and construction work at the Dagály baths ahead of this yearʼs FINA World Aquatics Championships - indoor baths saw visitor numbers growing by 10%. Budapest Spas expects visitor numbers to rise further this year by 2-3%.

Világgazdaság noted that capital expenditures of BGYH come to approximately HUF 5-6 bln a year, receiving no state funding.

Moody's Assigns A1 Ratings to MBH Mortgage Bank Covered Bond... Ratings

Moody's Assigns A1 Ratings to MBH Mortgage Bank Covered Bond...

EU's New Biometric Entry System Postponed Until November EU

EU's New Biometric Entry System Postponed Until November

Avg Blue-collar Hourly Wage Climbs 13.5% in Q2 HR

Avg Blue-collar Hourly Wage Climbs 13.5% in Q2

CATL Debrecen Becomes Sponsor of Campus Festival In Hungary

CATL Debrecen Becomes Sponsor of Campus Festival

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.