al employment by market segment

total employment by market segment (e.g., day/club/salon, hotel/resort, destination/health, Biennial survey provides information on day spa retail operations and trends, with topics addressed and displays, inventory turns per year, and average unit price, number of units sold, and retail sales amount 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. Sanitizers are the new tabletop focus, and all staff members are expected to wear face masks and gloves. Mental exhaustion and stress due to hectic lifestyles has led to increased spending on relaxing and rejuvenating therapies such as spa andaromatherapy. 2022 Allied Market Research. 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. Also, with the lifting of the curbs, customers are now resuming their visits to spa centres, with proper hygiene measures in place. Nanakramguda Rd, Financial District, Gachibowli. https://experienceispa.com/ "Sorry! U.S. Spa Study 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. Free report customization (equivalent up to 8 analysts working days) with purchase. The tourism industry faces massive losses. Who are the prominent spa market players? of industry income and expenses as a percentage of Spa industry is majorly dependent on the wellness tourism and tourism. Globally, the rising consumer interest in experiencing wellness services during vacation trips is driving the destination and leisure wellness businesses. Please be sure to check your spam folder too. The Spa Market market is studied from 2017 - 2026. LAMEA is expected to register the highest CAGR during 2022-2031, with increased demand from developing countries and rise in expenditure on tourism. 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. United States, by Fact.MR , a division of Eminent Research and Advisory Services. The spa market is one of the large hit markets in 2020 due to the sudden COVID-19 pandemic. Based on type, the market is categorized into hotel/resort spa, destination spa, day/salon spa, medical spa, mineral spring spa, and others. The ability to avoid unwanted interaction can lead to set new standards for the hotel industry. However, the market growth is hindered by high cost of skilled therapy professionals and low penetration in the underdeveloped countries. Some of the prominent players in the spa market include: Revenue in USD billion and CAGR from 2021 to 2028, Revenue forecast, company share, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; Central and South America; MEA, U.S.; Canada; U.K.; Germany; France; Italy; Spain; Japan; China; India; Brazil; Mexico; South Africa, Planet Beach; Hot Springs Resort and Spa; Four Seasons Hotel Limited; Massage Envy; Lanserhof; Jade Mountain; Rancho La Puerta; Mandarin Oriental Hotel Group; Omni Hotels & Resorts; Emirates Palace Spa. All Rights Reserved to Mordor Intelligence. Discounted price for multiple reports across domains, 2. The global spa market size was valued at USD 47.5 billion in 2020 and is expected to reach USD 52.9 billion by 2028. b. It is owing to the reason that the men segment is dominating the market, men booking wellness holidays increased by 42%. The spa market records a sudden drop in revenue and is reviving comparatively slow due to the second wave of the virus across many nations. In the beginning of COVID-19 pandemic, the spa market has impacted more than 25%. What are the factors driving the spa market. to members including consumer snapshots/studies which provide insights into consumer attitudes and behaviors operations, marketing strategies, retail sales, business growth and retention, employment The report segments the global spa services market on the basis of type, end user, and region. This year the pandemic has kept tourist away, due to which people dependent on tourism suffered a lot. in the report including market size and forecast by market segment (e.g., day, hotel/resort, medical, destination, 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. With the spa industry undergoing rigorous growth, the innovative marketing & positioning strategies are expected to increase in futurein order to create diversity and attract consumers. Get more information on this report : Request Sample Pages. Increasing population of both these countries is attracting spa industries. Sedentary lifestyles, rapid urbanization, and working professionals' hectic schedules have increased therapeutic spas' preference to relieve anxiety and stress. We value your investment and offer free customization with every report to fulfil your exact research needs. 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. Retail Survey Report Preference for relaxing therapies during trips and tourism has led to surge in demand for spa therapy in hotel/resort spas globally. 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. in the study including facility size, retail sales to services ratio, commission | 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. These players are focused on delivering customized and innovative services targeted to gain more customers. Thus, resorts in the region are offering attractive packages for customers. of spas, size, and geography, facility characteristics, types of services and products offered, composition 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. Demand for pain management will continue to contribute towards growth of the global spa market significantly. The tourism has never been before as it is now, the Coronavirus pandemic has put the brakes on tourism. In addition, rising health conditions in the region has pushed people to opt for spa treatments. What was the last 5 years market CAGR for spas? Hand & Stone, Elements Massage, and The Woodhouse Day Spas. medical, and thermal/mineral springs) and global region (e.g., Europe, Asia-Pacific, Middle East-North Africa, On the other hand, in Europe, the market is expected to witness the fastest growth over the forecast period from 2021 to 2028. As a result, spas that include customized best and super-premium capabilities through several spas services and treatments are gaining momentum. Surge in demand for detoxification of system, stress management and therapies for chronic disorders is expected to propel growth of the global spa market significantly. Complimentary 10 hours free analyst time for market review, 3. However, the thermal/mineral springs spas product type segment is expected to register a robust 7% CAGR. Increasing importance for healthy lifestyle, surge in travel and tourism industry and inclination towards anti-ageing treatments are the key trends driving spa sales. 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. As a discretionary service, demand for spa services will continue to be strongly tied to trends in disposable income and consumer spending patterns. A. By submitting, you confirm that you agree to 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. Moreover, the global spa services market has witnessed launches of new budget hotel spas, where the pricing policies are designed in order to targetpotential customers from middle-income class groups. Five-year financial statement analysis reports provide income statements, balance sheets, and key industry In 2020, Asia Pacific dominated the spa market and accounted for the largest revenue share of 28.0%. What are the prospects for the North American market? Get insights on topics that are crucial for your business. Rising disposable incomes and inclination towards personal healthcare is surging the demand for spa treatments. Moreover, increasing spending on steam baths help in the treatment of the upper respiratory problems, coughing and bronchitis through loosening phlegm and mucus. Countries such as India and China are at the forefront of the Asian spa services demand. 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. Your personal details are safe with us. It focuses on market dynamics, customer trends, and insights into geographical segments. 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. Lucrative opportunities prevail in the spa industry owing to increase in percentage of geriatric population and growth in demand from emerging markets. Compensation trends survey provides an overview of compensation practices for businesses ranging from destination Besides aging baby boomers, the millennials are also plunging headfast into the spa industry, as they seek to opt for relaxing treatment options, given the prevalence of hectic lifestyles. Detoxification of the system and anti-stress treatment will continue to up the demand for spa treatments in the global market. Owing to the growing demand for beauty enhancements among most customers, several spas offer various non-invasive cosmetic medical procedures, along with their usual spa treatments, to capture the growing demand trend. Premium and luxury spa packages are gaining traction among higher-income consumers. 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. Major players in the industry are focusing on introducing various packages in the spa segment. 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. In addition, the market for online travel booking crunched suddenly in the early pandemic. The players are widely spread across the countries and are leading the business with diverse and quality service offerings. b. 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. 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. state, county, metro area, or zip code level, with data provided including number of Published Date: Feb 2022 | | Pages: Pages: 551, SIngle User License, Five User License & Enterprise User License. Increased spending on relaxing therapies such as sauna and spa treatment provides these asthmatic patients a sense of respiratory relief. ISA member library features research studies covering various aspects of the industry, with reports available How is Anti-Ageing Treatment Impacting Global Market Growth? Start reading instantly ,This Report and over 13000+ more Reports, Available with Avenue Library, T&C*. T&C*. Based on end-user, it is classified into women and men. The region is anticipated to record high growth in revenue transactions owing to the rising number of working professionals and their increasing disposable incomes. aspects of the day spa industry, with topics covered in this section including industry trends, business Pandemic disrupted the entire world and affected many industries. 1. 2022. 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. In some of the developing countries of Asia-Pacific, many of the spa services are at a developing stage. Comprehensive annual research study conducted by PwC International analyzes the current state of the industry, Similarly, the amount of anxiety among students during the COVID-19 outbreak was positively associated with hampered daily life. On the other hand, the destination spa segment is likely to witness the fastest growth over the forecast period due to growing demand for traditional spas such as Swedish, Ayurveda, and Turkish massage. Moreover, growing mental health problems, such as depression, anxiety, and stress, which are becoming more common among people, are driving the demand for spa services. 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. Patients with asthma have swollen airways that lead to breathing problems. Most of the hotels and restaurant are running in losses as people are staying away. The technology involves lesser usage of carbon and other chemicals, compared to other such heating systems and is cost effective as well. The COVID-19 pandemic has a dual effect on the global spa industry. Trends, and Forecasts. window.addEventListener('DOMContentLoaded', function() {$(function(){ $('a').each(function() { if ($(this).prop('href') == window.location.href) { $(this).parent().addClass('current'); } });});}); Download the spa business plan template (including a customizable financial model) to your computer here <. Global tourism experienced the worst year on record, with international arrivals falling 74% according to the latest figures from the world Tourism Organization. Moreover, they are beneficial in managing stress, treating medical ailments, detoxifying the body, reducing weight, and boosting the immune system. The spa industry is focusing on offering treatments ranging from traditional treatments to modern treatments. The growing trend of digitalization in spa services is increasing the competition among players and is also presenting opportunities for new entrants in the market. The demand for personal healthcare treatment has increased by leaps and bounds in recent years. They include but are not limited to massages, facials, body scrubs, steam baths, waxing, and nail care. As of 2020, the market for spa reached surpassed US$ 100 Bn according to Fact.MR. The majority of people visit destination spas for week-long programs to -start their fitness or work on a particular problem. The rise in hectic lifestyle in urban areas, growth in inbound and outbound tourism for the purpose of wellness, rising demand from emerging markets, and awareness are the factors propelling the market growth. Such factors are expected to contribute towards growth of the global spa market during the forecast period. Please fill out the form below for a free PDF report sample & Leading players in the global market are increasingly capitalizing on such opportunities and offering range spa therapies to gain a competitive edge. This is largely attributed to an increase in peoples disposable incomes and an improvement in the general living conditions. Financial benchmarking section of this report provides an analysis The hotel spa segment would emerge as one of the most lucratively growingsegments in the global spa services market during the analysis period. 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). Factors such as the growing female population and anti-aging spa treatments would add a significant number of potential clients to the spa industry over the forecast period. Major support services include spa consulting, spa education, capital investments, and investments on exquisite &signature cuisines, which attract huge number of visitors. Hot Springs Resort & Spa, Four Seasons Hotel Limited, Emirates Palace Spa, Lanserhof, Massage Envy are the major companies operating in Spa Market. Free online service provides median salary and hourly wage data for selected job positions such as salon 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. state, Financial Statements and Financial Ratios, Industry Analysis, Statistics, Trends, and Forecasts, Cosmetics, Beauty Supplies, and Perfume Stores, Hair and Nail Salons, Beauty Salons, and Barber Shops, About | Contact Market analysis reports provide industry statistics for a user-defined area on a national, and mineral/thermal spring), and major franchise operations profiled including Planet Beach, Massage Envy, According to type, it is classified into salon spa, hotel spa, destination spa, medical spa, mineral/thermal spa, and other spas (airport spa and cruise spa). Spas also invest in imparting professional training programs to their employed therapists to improve the quality of services delivered. growth rate, number of businesses, and total employment are available free online. The Asia-Pacific region is the fastest-growing geographical segment of the market studied. Current trends and future estimations are outlined in the report to determine the overall market potential and single out profitable trends to gain a stronger foothold in the market. and member snapshot surveys which address topics such as retail sales, customer service, marketing strategies, Key Points Covered in Spa Industry Analysis, Spa Revenue Analysis 2016-2020 in Comparison to Future Outlook 2021-2031. Growth in inbound & outbound tourism for the purpose of wellness drives the growth of destination spa service market. All Rights Reserved. customized per your requirements. 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. Changing lifestyles and interests and increasing disposable incomes have been changing the face of the spa market globally. How is Prevalence of Chronic Diseases Creating Growth Opportunities for Spa Industry? But the increasing interest towards the wellness tourism and increasing awareness of personal care due to which it is expected to have strong growth for spa services market in 2022. services, payment of gratuities, commission rate on product sales, and benefits provided. Furthermore, the travel and tourism industry has expanded significantly. social media usage, and employee training and retention. A. At the same time, individuals opted for home based spa treatments, which sustained its demand. Your payment is successful. 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. The Spa Market is growing at a CAGR of >4.1% over the next 5 years. https://experienceispa.com/ The growth in interest in the wellness tourism is major trend in spa industryand it is one of the major reasons that drive the market. Furthermore, rising digitalization of services is intensifying competition between rival service providers. 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. 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