REG - Time Out Group plc - Time Out Market Budapest Opens

Time OutAnnouncement

19/09/2025 07:00

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RNS Number : 7568Z  Time Out Group plc  19 September 2025

19 September 2025

Time Out Group plc

("Time Out", the "Company" or the "Group")

 

Time Out Market Budapest Opens

 

Time Out Group plc (AIM: TMO), the global media and hospitality business, is
pleased to announce that Time Out Market Budapest opens to the public
tomorrow, Saturday, 20 September.

 

The first Time Out Market to open in Central & Eastern Europe, this is the
Company's twelfth food and cultural market and sixth Management Agreement. Due
to open between 2025 and beyond, there are a further four Management
Agreements signed and one Owned & Operated site (New York Union Square,
set to open on 26 September 2025), with more in advanced negotiations.

 

Dedicated to bringing the best of the city together under one roof, across
27,000 sq ft Time Out Market Budapest offers 11 kitchens, three bars, five
event spaces and around 540 seats - the Market is showcasing a curated mix of
the best culinary and cultural talent of the city and beyond.

 

Opening in partnership with Corvin Food Market Kft, the Market is located in
Corvin Palace - considered one of the city's legendary historic department
stores which first opened in 1926, it has been redeveloped as a mixed-use real
estate property offering retail, leisure and a hotel in a prime central
location at Blaha Lujza Square. Time Out Market Budapest will be the primary
food offering at Corvin Palace.

 

The existing Market portfolio and expected opening schedule based on calendar
year is as follows:

 

 Open Markets                                       Markets under development
 Owned &                       Management           Owned &              Management

 Operated                      Agreements           Operated             Agreements
 ·    Lisbon                   ·    Montreal        2025                 2026 & beyond

 ·    New York, Brooklyn       ·    Dubai           ·    New York,       ·    Vancouver

 ·    Boston                   ·    Cape Town       Union Square         ·    Abu Dhabi

 ·    Chicago                  ·    Bahrain                              ·    Prague

 ·    Porto                    ·    Osaka                                ·    Riyadh

 ·    Barcelona                ·    Budapest

 

 

 For further information, please contact:

 Time Out Group plc                              Tel: +44 (0)207 813 3000
 Chris Ohlund, CEO
 Matt Pritchard, CFO
 Steven Tredget, Investor Relations Director

 Panmure Liberum (Nominated Adviser and Broker)  Tel: +44 (0)203 100 2222
 Andrew Godber / Edward Thomas

 FTI Consulting LLP                              Tel: +44 (0)203 727 1000
 Edward Bridges / Ben Fletcher

 

 

 

 

 

 

Notes to editors

 

About Time Out Group

Time Out Group is a global brand that inspires and enables people to
experience the best of the city. Time Out launched in London in 1968 to help
people discover the best of the city - today it is the only global brand
dedicated to city life. Expert journalists curate and create content about the
best things to Do, See and Eat across over 350 cities in over 50 countries and
across a unique multi-platform model spanning both digital and physical
channels. Time Out Market is the world's first editorially curated food and
cultural market, bringing a city's best chefs, restaurateurs and unique
cultural experiences together under one roof. The portfolio includes open
Markets in twelve cities such as Lisbon, New York and Dubai, several new
locations with expected opening dates in 2025 and beyond, in addition to a
pipeline of further locations in advanced discussions. Time Out Group PLC,
listed on AIM, is headquartered in London (UK).

 

 

 

 

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