Fine dining in Budapest is more expensive than in France or Spain!
Chef’s Pencil has released a new report on global fine dining costs in 2024. Their team analyzed prices for over 3,500 Michelin-starred restaurants in 40+ countries and territories.
Photo: depositphotos.com
Fine dining costs in 2024
Launched 124 years ago, the Michelin Guide continues to be the world’s most prestigious restaurant rating system. It has substantially increased its geographic coverage over the past few years, now featuring 3,500+ Michelin-starred restaurants in over 40 countries and territories.
Chef’s Pencil has studied the menus of 3,517 Michelin-starred restaurants (one, two and three stars) in all countries and territories covered by the guide (a total of 41). They particularly wanted to look at their tasting menus, and where more than one tasting menu is offered, they selected the priciest ones.
$100: The Cost for Every Additional Star
Experiencing the premium tasting menu at a Michelin-starred restaurant doesn’t come cheap. Their analysis shows that the median for the 3,300+ Michelin restaurants included in their analysis is $179 (€167). Prices are per person and don’t generally include drinks, government charges or tips. The mean is closer to $200 ($198 to be more specific) as it’s skewed by a significant number of restaurants with stratospheric prices.
Key findings about fine dining Hungary & Budapest
The price of Michelin dining in Europe. Source: Chef’s Pencil
The costliest tasting menu costs on average €164 in Hungary (15th worldwide, 9th in Europe), similar to Poland and Italy, but more expensive than France or Spain. The costliest tasting menu costs on average €164 in Budapest, similar to Nice and Marseille in France, but more expensive than Amsterdam, Shanghai or Athens.
The priciest cities for fine dining are Copenhagen ($443), Macau ($283), Hong Kong ($266), San Francisco ($263), and Dubai ($259), with Budapest ranking 47th worldwide. Conversely, Chengdu, Hangzhou, Sao Paulo, and Taichung are the most affordable.
The most expensive countries include Denmark ($314), Hong Kong SAR ($266), Iceland ($248), Singapore ($241), and the United States ($227). Vietnam ($130), Brazil ($131), Malta ($133), China, and Greece offer more affordable dining options.
Read also:
- Budapest’s world-famous pastry shop Ruszwurm may close its doors forever
- Best cheese desserts from around the world: amazing Hungarian sweets in the top 15 by TasteAtlas!
Featured image: depositphotos.com
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2 Comments
Post the end of the Covid Pandemic in Hungary, all dining, in ALL classes in Hungary, have ESCULATED in Prices.
This escalation can not be solely referred to as through Inflation, as the Human Greed, Exploitation and Ownership GREED, has “feed” into the increases paid in Hungary, in restaurant environments.
The quality of Food, at the top end – Fine Dining, then “scaling down” in comparison, the comparing of the (2) country’s referred with Hungary, in this article, is substantially LOWER in Quality and in Choice and WRONGFULLY priced.
I ain’t got an idea of who prepared that “research”, but the reality looks completely opposite.
Fine dining in Nice or Paris for €150? Or in Amsterdam for €150? Are they kidding?!