The suspension of operations at the country's largest hotel comes at a time when Hungary is struggling with inflation and a skyrocketing electricity bill.
The Danubius Hotels and Spas group said its hotels in Budapest, Gyor and Bük will continue to accept guests during winter.
"We can offer our guests other accommodation options at our hotels in the capital," said the group's CEO, Balazs Kovacs, who also said that "it is equally important for us to take care of all our colleagues working at Danubius Hotel Hungaria."
Hungary’s largest hotel will close for 4 months due to soaring energy prices as the country battles with inflation. Budapest’s 499-room Danubius Hotel Hungaria City Center won't be accepting bookings because it will be “difficult to operate efficiently during the winter season” pic.twitter.com/jgxjWPziLK
The luxurious Kastelyhotel Sasvar Resort is also among several high-end Hungarian hotels that have announced their temporary closure.
The Hungarian Hotel and Restaurant Association said this month that over a quarter of the country's spa hotels could close during the winter.
#EUROPE is facing the worst gas supply crisis in its history, with energy prices soaring and German importers even discussing possible rationing in the EU's largest economy as #Russian says the US is behind Europe's gas supply crisis. pic.twitter.com/odEgMkoegA