A 191-year old spa in the Hungarian town of Harkány is set to receive HUF215m (US$802,000, €673,00, £528,000) from the state as part of the local council’s plan to develop the site further.
The Harkányi Gyógyfürdo spa, was first established in 1823 and in 2014 it received more than 460,000 guests. The planned development is expected to raise the number of guests by 10 per cent in 2015.
The spa company, owned by the council, made HUF70m (US$261,000, €219,000, £172,000) profits in 2014, with revenue of HUF1bn (US$3.7m, €3.1m, £2.5m). This is a dramatic increase on the business’ 2012 figures: HUF40m (US$150,000, €125,000, £98,000) profits and revenue of HUF928m (US$3.5m, €2.9m, £2.3m).
The local council is planning to contribute a further sum of HUF20m (US$75,000, €63,000, £49,000) to the development project – details of which have not been released.
