Details of price rise in Budapest’s baths revealed

The coronavirus epidemic has caused the Budapest Spa group a loss of about EUR 62 million till now, and the number of visitors has not gone back to the pre-pandemic level yet. Price increases could be part of the recovery plan.

EUR 62 million loss because of Covid

In 2020 and 2021, the baths were closed for about 8 months because of the Covid regulations. In total, these 8 months, plus the lower amount of visitors in other months, meant a loss of more than EUR 62 million to the spa company in the capital, and it exceeds the revenue of EUR 52 million realised in the year before the pandemic, in 2019. This was mainly due to the lack of foreigners, as a significant part of the revenue comes from foreign guests visiting the historical baths, like Széchenyi, Gellért, and Rudas baths, says Turizmus.com.

In 2019, Budapest spas had nearly 5 million visitors. However, last year, there were only 1.5 million guests. The plan is to reach 3 million visitors in 2022. Several marketing campaigns will be launched both inside and outside Hungary to promote the spas.

11% pay rise was necessary

A wage agreement was signed with the employees of the spa on the 27th of January, with an 11 per cent pay rise. It was very important to build a stable team before the start of the summer high season.