Please be sure to check your spam folder too. Choose reports from a database of more than 10,000 reports. policy. ISA member library features research studies covering various aspects of the industry, with reports available In addition, the medical benefits of spa therapies help to drive global spa market. Your payment is successful. Miraval's portfolio in the U.S. has recently grown to include new locations in Austin and Lenox. Moreover, increasing spending on steam baths help in the treatment of the upper respiratory problems, coughing and bronchitis through loosening phlegm and mucus. Moreover, developing economies have witnessed a rise in number of working population, which exhibits high stress levels and unhealthy lifestyles. Unhealthy lifestyles have led to growing need for stress management, peace of mind and detoxification of the system. With COVID-19 spreading to all continents, the viral outbreak has ruined global travel. Nanakramguda Rd, Financial District, Gachibowli. Industry Analysis, Statistics, The growing interest in personal pampering and perception of a spa as a self-improvement investment is expanding the spa market in dimensions across the world. The spa market exceeded a market value of US$ 106 Bn by the end of 2020. Which service type segment accounted for the highest spa market share? The ability to avoid unwanted interaction can lead to set new standards for the hotel industry. b. Sedentary lifestyles, rapid urbanization, and working professionals' hectic schedules have increased therapeutic spas' preference to relieve anxiety and stress. Spa services include a range of services for health management and body relaxation. Thus, the global spa market is expected to represent a value of over US$ 326 Bn by registering a CAGR of 12% during the forecast period, 2021-2031. https://dayspaassociation.com/ The demand for personal healthcare treatment has increased by leaps and bounds in recent years. financial ratios for companies of all sizes, with financial data available by sales size range. and mineral/thermal spring), and major franchise operations profiled including Planet Beach, Massage Envy, The global spa market size is expected to grow at a CAGR of 12.1% during the forecast period from 2021 to 2028 and expected to reach 117.9 billion by 2028. b. Spas also invest in imparting professional training programs to their employed therapists to improve the quality of services delivered. category over the past five years. for treatment service providers, hourly rate paid to treatment service providers, commission rate on treatment All Rights Reserved to Mordor Intelligence. Research Library In addition, people from the region have shown an increasing inclination towards rejuvenating treatments. Spa services refer to a collective term assigned for various services such as facial, body massage, manicure, pedicure, body treatment, and others provided under expert administrations that revitalizes the brain and body. We value your investment and offer free customization with every report to fulfil your exact research needs. Region breakdown of the market includes North America (US, Canada, Mexico), Europe (U.K., Germany, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific), and LAMEA (Brazil, Middle East, Rest of LAMEA). As a result, spas that include customized best and super-premium capabilities through several spas services and treatments are gaining momentum. We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. Growing need for anti-ageing treatments for clogged pores, acne, wrinkles and hyper-pigmentation is further expected to impact growth of the global spa market. The market is driven by hectic lifestyle in urban areas, rise in demand from emerging markets, new developments in spa services, and surge in demand from teenagers. Please fill out the form below for a free PDF report sample & North America holds highest share in 2021. The growing trend of digitalization in spa services is increasing the competition among players and is also presenting opportunities for new entrants in the market. Demand for pain management will continue to contribute towards growth of the global spa market significantly. For instance, Starwood Hotels has 65 spas in the area under construction, while Hilton Worldwide has 124 expected. The spa industry is focusing on offering treatments ranging from traditional treatments to modern treatments. 2022 Allied Market Research. As of 2020, the market for spa reached surpassed US$ 100 Bn according to Fact.MR. The study provides an in-depth analysis of the global spa services market to elucidate the imminent investment pockets in the market. Sample reports on a national and metropolitan area level are available free online. Increasing old age population is increasingly spending on non-surgical treatments such as exfoliation and peel to improve their physical and mental health. Key drivers and restraints impacting market growth, Segment-wise, Country-wise, and Region-wise Analysis, Key Product Innovations and Regulatory Climate, COVID-19 Impact on Spa Market and How to Navigate, In March 2021, Zenoti Foundation, a cloud-based platform for spa, beauty & wellness services, partnered with Sutherland Global with the objective of improving customer experience via expansions in real-time support across both chat and phone-based channels and address queries within minutes. and earnings before interest and taxes) for the most recent year and line graphs indicating trends for each Please wait while we are processing your request Spa Market Size, Share & Trends Analysis Report, 2021-2028. Retail Survey Report Per capita disposable income and consumer spending are both expected to grow over the five year period. The Spa Market is growing at a CAGR of >4.1% over the next 5 years. Trends, and Forecasts. Fact.MRs industry-wide market research solutions are comprehensive. social media usage, and employee training and retention. They include but are not limited to massages, facials, body scrubs, steam baths, waxing, and nail care. Who are the prominent spa market players? Changing lifestyle trends are expected to fuel significant demand for investing in spa therapies for health and wellness consciousness. Also, with the lifting of the curbs, customers are now resuming their visits to spa centres, with proper hygiene measures in place. *Taxes/Fees, if applicable will be added during checkout. In the beginning of COVID-19 pandemic, the spa market has impacted more than 25%. Who are the key players in the spa market? At the same time, individuals opted for home based spa treatments, which sustained its demand. We never share your personal data. Rise in demand from emerging markets is expected to propel the demand for spa in future owing to rise in personal disposable income of the people. Thus, the hotel/resort service segment is expected to possess more than 40% market share through the assessment period 2021-2031. A. total employment by market segment (e.g., day/club/salon, hotel/resort, destination/health, What are the prospects for the North American market? Increasing importance for healthy lifestyle, surge in travel and tourism industry and inclination towards anti-ageing treatments are the key trends driving spa sales. Thus, in order to deliver better services & customer satisfaction, the spas would continue to invest more on education and training of the employees. A. Spa is majorly related to tourism and the increasing interest towards the wellness tourism is one of the key trend in the market. our privacy policy, By submitting, you confirm that you agree to our privacy companies, market volume and sales trends, average company The report covers major players operating in the spa market. Value chain analysis provides a clear understanding of the roles performed by various intermediaries involved in the value chain. At what rate will the spa industry grow from 2021-2031? Find market research and analysis that is reliable and actionable. Free report customization (equivalent up to 8 analysts working days) with purchase. services, payment of gratuities, commission rate on product sales, and benefits provided. DID YOU MISS ANYTHING? Sample report can be viewed online. Explore purchase options. Rising disposable incomes and inclination towards personal healthcare is surging the demand for spa treatments. All prices in USD, To ensure high-level data integrity, accurate analysis, and impeccable forecasts, On-demand customization of scope of the report to exactly meet your needs, Targeted market view to provide pertinent information and save time of readers. As regular massage was proven to improve the wellness of people, coupled with their affordability ranges, the market is gaining more popularity. How is Anti-Ageing Treatment Impacting Global Market Growth? manager, licensed massage therapist, esthetician, massage therapist, and salon receptionist, with employers In order to reduce psychological stress, several corporate organizations have also been advising various stress-relieving practices to employees, which is also acting as a driving factor for market growth. This year the pandemic has kept tourist away, due to which people dependent on tourism suffered a lot. Investments in various support services such as restaurants, lounges, and fitness centers, is being carried out by destination and other spas, which attract more customers. Companies have regularly involved themselves in promoting spa services not only among higher income groups however also in middle income groups through adjusting their pricing policies. Discounted price for multiple reports across domains, 2. During the pandemic, the closing of schools, parks, and other entertainment activities has disrupted the common man's usual lifestyle and can potentially promote distress, boredom, and confusion. Presently, in majority of the developing countries, the massage therapists employed in the spas lack professional training required to deliver effective and satisfactory spa facilities. 6. Moreover, the huge populations in the region, especially in countries, such as China and India, and the growing working population and their hectic lifestyles are driving them toward ways to reduce the stress through various massages and other beauty spa services, which is expected to help the market to record more revenue transactions. With the increasing popularity of wellness among ordinary people, many spa vendors in Europe have developed a wide range of services to encourage healthy living. This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. Prevalence of chronic diseases such as asthma will continue to boost demand for range of spa therapies in the global market. customized per your requirements. Also, traditional ayurvedic treatments in the region have created humongous opportunitiesfor the spa industry. The global Spa Services market was valued at $73,512.93 million in 2020, and is projected to reach $423,253.69 million by 2031, registering a CAGR of 17.3% from 2022 to 2031. Industry operators will continue to target traditionally untapped markets by tailoring services to men and marketing spa services as an aspect of an overall healthy lifestyle. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. Owing to coronavirus, there is no tourism and businesses at many places. Owing to rise in competition in the market, spa owners have started to invest into spa education such as on the job training programs of international standards for better service. https://experienceispa.com/ Some of the companies operating in the spa market are Planet Beach, Hot Springs Resort & Spa, Four Seasons Hotel Limited, Massage Envy, Lanserhof, Jade Mountain, Rancho La Puerta, Mandarin Oriental Hotel Group, Omni Hotels & Resorts, Emirates Palace Spa, among others. Premium and luxury spa packages are gaining traction among higher-income consumers. A. window.addEventListener('DOMContentLoaded', function() {$(function(){ $('a').each(function() { if ($(this).prop('href') == window.location.href) { $(this).parent().addClass('current'); } });});}); Download the spa business plan template (including a customizable financial model) to your computer here <. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. Historically, between 2016 and 2020, the sales of the spa industry exceeded US$ 100 Bn by the end of the aforementioned period, expanding at a CAGR of nearly 6% according to Fact.MR- a market research & competitive intelligence provider. and forecasts, financial ratios, salary surveys. The coronavirus (COVID -19) pandemic had a significant impact on the industry, as businesses were forced to close or enforce stringent hygiene requirements and regulations for their workers and visitors. Spas in the Asia Pacific region accounted for more than half of all spas constructed worldwide. Comprehensive industry research reports provide in-depth industry analysis and five-year forecasts. A. Europe region holds the maximum market share. a user-defined area on a national, The hotel/resorts spa segment dominated the market and held the largest revenue share of 37.4% in 2020 owing to the rising wellness tourism around the world. Similarly, the amount of anxiety among students during the COVID-19 outbreak was positively associated with hampered daily life. Sanitizers are the new tabletop focus, and all staff members are expected to wear face masks and gloves. Our sales representative will reach you shortly with the details. How much is the Asian spa industry worth? Start reading instantly.This Report and over 13,000+ more Reports, Available with Avenue Library. Get detailed COVID-19 impact analysis on the Spa Services Market. Thus, resorts in the region are offering attractive packages for customers. Asia Pacific is growing at the highest CAGR over 2021- 2026. | Privacy | Terms, Market size and major product and service segments, Key industry statistics, trends, and financial ratios, Operating conditions and current performance, Income and expenses in dollars and percentages, Balance sheets in dollars and percentages, Profitability and return on investment ratios, Capital structure and debt service ratios. We are GDPR and CCPA compliant! Report scope can be With international hotel chains in the market, the industry's growth remains strong. In April 2021, EDITION Hotels announced its further international expansion by the end of 2022, with the slated opening of 8 new properties across three continents. North America is expected to account for 40% of the global spa industry revenue share, The spa industry is expected to hold 30% market share throughout Asia, Prominent companies operating in this space include COMO Shambhala Estate, Grand Resort Bad Ragaz, Forte Village Resort, Canyon Ranch, Chiva Som International Health Resort, St. Regis Bahia Beach Resort, Four Seasons Resort Bora Bora, The Connaught, Th. Which Factors are Propelling Spa Services Adoption Globally? In the current business scenario, the global spa industry is majorly focused on Europe, Asia-Pacific, and North America. Shortness of breath, coughing and wheezing are some of the common problems that asthmatic patients face regularly. Hot Springs Resort & Spa, Four Seasons Hotel Limited, Emirates Palace Spa, Lanserhof, Massage Envy are the major companies operating in Spa Market. Spa service is a business that provides various spa services to improve health. Planet Beach Franchising Corp., and The Woodhouse Day Spas Corp. of industry income and expenses as a percentage of Market analysis reports provide industry statistics for a user-defined area on a national, A comprehensive business intelligence repository that covers established as well as evolving market trends. revenue by major category (e.g., purchases, wages, depreciation, marketing, rent, utilities, other costs, Sub-Saharan Africa, North America, and Latin America-Caribbean) and for the top 20 spa markets. 1.1 Study Assumptions and Market Definition, 4.7 Insights into the Global Tourism Industry, 4.8 Technological Innovations in the Industry. Which type of spa is expected to hold the highest share for sales? A. Emirates Palace, Four Seasons Hotel Limited, Trailhead SPA, Massage Envy Franchising Llc, Jade Mountain, Six Senses Hotels Resorts SPAs, Clarins Group and Belmond Maroma Resort & SPA. For instance, in 2017, Hyatt Hotels Corporation purchased two wellness brands, Exhale and Miraval Group, to incorporate their services into the Hyatt guest experience. Privacy Policy. Dublin 2, Ireland, 11140 Rockville Pike, Suite 400, Rockville, MD 20852, Biennial survey provides information on day spa retail operations and trends, with topics addressed Prominent service providers are emphasizing on introducing multiple spa packages oriented towards different consumer segments. The spa market is segmented by service type (salon/day spa, hotel/resort spa, medical spa, thermal/mineral spring spa, and destination spa ayurvedic/traditional spa) and geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The flourishing hospitality industry and the growing popularity of traditional spas such as Thai massage and Ayurveda in the region would continue to drive the market. The lockdown came with new realities of working from home, homeschooling of children, job security, and lack of physical contact with other friends and relatives, it is important to look after mental as well as physical health. https://www.dayspaassociation Body and foot reflexology and head and back massages have also proven to relieve pain or stress from a specific body part, thus, promoting healthy outcomes. The health benefits associated with the spa services, such as relief from stress, minimization of body pain, and the calmness offered, have made spa services a major part of peoples lives. b. state, county, metro area, or zip code level, with data provided including number of The global spa services market is restrained by the lack of presence of skilled labor. In addition, this is expected to drive consumers to spend more per visit, which will also contribute to revenue growth for the industry. These personalized services are efficiently designed to deliver fitness, peace of mind, pleasure, health, and wellness to its end users. According to the Center for Disease Control & Prevention, 7.6% of the adults who fall in the age bracket of 18 years and above i.e., 18.4 million people in the U.S. have asthma. Sample report can be viewed free online. Ongoing investments into tourism infrastructure majorly in countries of Middle East and Asia would also act as growth accelerator for hotel spa services market in the coming years. Women are the prominent members of spa services however the awareness about health, grooming, and personal care & beauty has increased. Our support available to help you 24 hours a day, five days a week. Avail customized purchase options for your needs. This strategic plan allows the company to improve the customer experience by expanding real-time service in both chat and phone-based platforms to address a large portion of customer support issues in minutes. The Report will be delivered with in 24-72 hours. Most of the hotels and restaurant are running in losses as people are staying away. Free trial, before you make a purchase decision. Free upgrade to enterprise license (allows to share across all company locations), 5. rate on retail sales, staff members involved in retail sales, product categories carried, product pricing 2022. In some of the developing countries of Asia-Pacific, many of the spa services are at a developing stage. The report segments the global spa services market on the basis of type, end user, and region. in the study including facility size, retail sales to services ratio, commission The report aims to provide a detailed analysis of the spa market. The global spa market size was valued at USD 47.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.1% from 2021 to 2028. Report. Get more information on this report : Request Sample Pages. The government initiatives and favorable regulatory environment are further boosting the market growth. and member snapshot surveys which address topics such as retail sales, customer service, marketing strategies, Growing need for asthmatic relief and relaxation is expected to contribute towards growth of the global spa market. Women are expected to continue to constitute a majority of the industrys demographic; however, men have made up a rising percentage of the industrys client base in recent years. Spa operators will benefit from growth in per capita disposable income, fostering increased consumer spending on discretionary and luxury goods and services, including spa treatments and massages. The spa categories that are primarily dependent upon tourism saw the greatest revenue declines in 2020, including hotel/resort spas, thermal/mineral springs spas, destination spas, and other spas, which include cruise ships. The spa market size was valued at $73,512.93 million in 2020 and it is expected to reach $4,23,253.69 million by 2031. Major market players in the global spa service market include Emirates Palace, Four Seasons Hotel Limited, Trailhead Spa, Massage Envy Franchising LLC, Jade Mountain, Six Senses Hotels Resorts Spas, Clarins Group, Lanserh of Tegernsee, Belmond Maroma Resort & Spa and Gaia Retreat & Spa. United States, by Fact.MR , a division of Eminent Research and Advisory Services. The players have enhanced the operations and support services to build a better brand image. Five-year financial statement analysis reports provide income statements, balance sheets, and key industry Furthermore, rising digitalization of services is intensifying competition between rival service providers. Hand & Stone, Elements Massage, and The Woodhouse Day Spas. With increasing disposable incomes, customers prefer spending on luxurious services and relaxing therapies. In 2020, Asia Pacific dominated the spa market and accounted for the largest revenue share of 28.0%. Preference for relaxing therapies during trips and tourism has led to surge in demand for spa therapy in hotel/resort spas globally. Increasing demand for rejuvenating and relaxing therapies to detoxify the system will continue to fuel demand for range of spa therapies. with topics addressed in the study including key trends and statistics, industry profile in terms of types As a discretionary service, demand for spa services will continue to be strongly tied to trends in disposable income and consumer spending patterns. The report provides information regarding drivers, restraints, and opportunities with a detailed impact analysis. aspects of the day spa industry, with topics covered in this section including industry trends, business Wellness tourism offers everything that is needed for ones well-being and to keep healthy life. Global tourism experienced the worst year on record, with international arrivals falling 74% according to the latest figures from the world Tourism Organization. In 2020, Europe held the largest market share due to huge demand arising from Russian middle income groups and rise in tourism in the Eastern countries. The hotel/resorts spa segment held a majority of the market share in 2020 owing to the rising wellness tourism around the world. Hectic schedules are resulting in mental exhaustion along with eating and sleeping disorders globally.

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