The 55th edition of the flagship event of the International Table Tennis Federation (ITTF) will be held in the Syma Hall in the Hungarian capital.

The venue had last month was approved by the ITTF as worthy of hosting the event.

Budapest was the sole bidder and confirmation that it would host the event was announced at the Annual Meeting of the ITTF in Kuala Lumpur today. 

"This year's AGM went very smoothly with positive discussion amongst the delegates representing 124 National Associations," said ITTF President Thomas Weikert. 

"Budapest presented a very impressive bid to the members, and I am confident that our Hungarian friends will put on a fantastic show for us in three years years time."

The decision is another boost for Budapest, which is bidding for the 2024 Olympic and Paralympic Games. 

The city also stepped in to stage the 2017 International Swimming Federation World Championships after original host city Guadalajara in Mexico pulled out due to fears over falling oil prices in 2015.

Budapest hosts an ITTF World Tour event, the Hungarian Open, each year and the capital is due to stage this year’s European Championships from October 18 to 23.

The World Championships is table tennis’ main showcase event in their calendar and the 2015 edition, held in Suzhou in China, attracted a worldwide audience of more than 450 million people, including 330 million watching on television across 170 countries.

Table tennis events are scheduled to be held in Székesfehérvár in Central Hungary if Budapest is successful with its bid for the 2024 Olympics and Paralympics.