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Budapest’s historic baths to be beautifully renovated
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Budapest’s world-famous thermal baths are entering a transformative period, marked by record financial results, ambitious renovation projects, and a renewed focus on both local and international guests.
The city’s spa operator, Budapest Gyógyfürdői Plc. (BGYH), reported unprecedented net revenue of HUF 26.3 billion (EUR 64.2 million) in 2024, up from HUF 23 billion (EUR 56.1 million) in 2023, with after-tax profits rising to HUF 6.2 billion (EUR 15.1 million). This success is attributed to a business strategy launched in 2020, which included aligning prices with international standards while maintaining significant discounts for Hungarian residents.
Major renovations and upgrades
The next few years will see extensive renovations across Budapest’s iconic baths. The Széchenyi Thermal Bath, a historic landmark since 1913, is undergoing a three-year, HUF 4.5 billion (EUR 11 million) renovation project.
Upgrades include modernising water systems, electrical networks, and heritage features, all while keeping the bath open through careful scheduling and partial closures. The latest phase, launched in March 2025, focuses on the 50-meter swimming pool and will be followed by further improvements to entrance areas and technical infrastructure.
Gellért Bath, another jewel of Budapest, is preparing for a long-awaited restoration. With a budget of at least HUF 20 billion (EUR 48.8 million), the project is set to begin at the end of 2026. The renovation will address decades of wear and aims to preserve the bath’s unique architectural heritage, even as it continues to welcome visitors during the works.
The Rác and Dandár baths are also slated for significant upgrades, with the Rác Bath’s reconstruction finally moving forward after years of closure. The Dandár Bath will see improvements to its indoor pool insulation and tiling.