What will happen to Hungarian spas and hotels in the economic crisis?

The recent period has brought higher numbers of visitors than before for both spas and accommodation providers in Hungary, thanks to the end-of-year and early-season holidays. However, with the public experiencing the impact of soaring prices, spas and hotels can expect an even more serious drop in tourist numbers than ever before.

In a recent interview given to infostart.hu, Zoltán Balogh, the Secretary of the Hungarian Spa Association, told what to expect in the coming weeks regarding spas and hotels. He said that in recent weeks, there have been so many guests in the Hungarian spas that they have exceeded the revenue recorded in the same period in 2019, the year before the outbreak of COVID-19. He stressed, however, that the long-term survival of some spas is still in question. After all, there is an economic crisis, operating costs have increased and people will only go to the baths if they have enough money saved.

Further rise in ticket prices?

According to Balogh, the increase in costs has clearly led to higher ticket prices in spas, which was inevitable. However, the raised prices are still below the increased operating costs. He further mentions:

As a result of the general increase in energy prices and the resulting supplier price rises in December and now in January, most spas will be forced to increase their prices again.