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.
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 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.
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Featured image: depositphotos.com
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