Unofficially called "The Capital of Lake Balaton", Siofok, on the lake's southern shore, is the most popular resort town on the lake, and the second most-popular vacation destination in Hungary in terms of visitors per year (over 200,000 each summer alone). Siofok is very well-known for its extensive coastline, with 11 miles of beaches stretching to the north and south of town. Siofok Beach, the city's main beach, is the most popular beach in Hungary. Moreover, Siofok is home to clusters of hundreds of bars, nightclubs and restaurants, making the vacation destination one of the country's most exciting nightlife hubs. Many Hungarian celebrities own homes in Siofok, and the city is one of the richest areas of Hungary.