Will Budapest’s spas stay open? The final decision has been taken

Budapest spa company BGYH plans no closures in spite of high energy prices, tourism portal Turizmus.com said on Tuesday.

BGYH’s CEO, Ildikó Szűts, 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, Szűts 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.

• read also: Another Hungarian thermal spa closes due to high energy prices

Read alsoCollaboration saves Hungary’s famous cave bath

Source: MTI