The Szechenyi Bath - Photo: wikipedia

Budapest spas plan no closures despite high energy prices

Budapest spa company BGYH plans no closures in spite of high energy prices, tourism portal said on Tuesday.
25. October 2022 20:49

BGYH’s CEO, Ildiko Szuts, told the portal there could be “reductions in service portfolios” as baths coordinate energy use with demand, but no closures are planned.

BGYH expects energy-saving measures to cut gas consumption by at least 30 percent and district heating and electricity by 20-25 percent.

The company had budgeted 1.6 billion forints (EUR 3.9m) for energy costs this year, but that is likely to reach 4.8 billion forints now, Szuts said. Without steps to manage the crisis, energy costs would reach 6 billion forints, she added.

BGYH’s visitor numbers are at 80-85 percent of pre-pandemic levels, but revenue is up 10 percent thanks to a pair of price rises targeting foreign visitors.

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