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Growth has been attributed to the rise in revenue per visit which is now US$96.50 / puhhha/shutterstock
Spas across the US generated US$18.3bn (€16.3bn, £15bn) in revenues in 2018 and have grown steadily across key financial indicators in the last nine years.
This is according to data from the International Spa Association (ISPA) which released the 20th edition of its ISPA US Spa Industry Study in early August.
Revenues in US spas increased by 4.7 per cent between 2017 and 2018 and this has been attributed to a growth in revenue per visit which has gone up from US$93.70 (€83.50, £77.10) to US$96.50 (€86, £79.40) over the same time.
There’s been a boost in spa visits too with numbers rising from 187 million in 2017 to 190 million in 2018. Additionally, there were 22,160 spa locations in 2018, which is 1.8 per cent more than in 2017.
“We’re grateful to once again report record growth for the spa industry with 2018 marking a record high US$18.3bn in revenue,” says ISPA president Lynne McNees. “The spa industry continues to prove itself as a thriving market perfect for anyone looking to enter an industry with limitless potential.”
The ISPA Foundation commissioned PricewaterhouseCoopers (PwC) to conduct the study and Colin McIlheney, global research director at PwC, says: “The number of spas is at an all-time record. There are now more than 22,000 across the country [and the industry is] continuing to expand its footprint. The other notable statistic is that revenues are getting ever close to the iconic 20-billion-dollar mark. This remarkable threshold could be reached during 2020.”
He adds that the results “show the spa industry is still on the march to new highs”.
The complete study will be released at the 2019 ISPA Conference & Expo in Las Vegas on 11-13 September.
See p74 for ISPA’s research on the preferences of spa-goers across generations
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Growth has been attributed to the rise in revenue per visit which is now US$96.50 / puhhha/shutterstock
Spas across the US generated US$18.3bn (€16.3bn, £15bn) in revenues in 2018 and have grown steadily across key financial indicators in the last nine years.
This is according to data from the International Spa Association (ISPA) which released the 20th edition of its ISPA US Spa Industry Study in early August.
Revenues in US spas increased by 4.7 per cent between 2017 and 2018 and this has been attributed to a growth in revenue per visit which has gone up from US$93.70 (€83.50, £77.10) to US$96.50 (€86, £79.40) over the same time.
There’s been a boost in spa visits too with numbers rising from 187 million in 2017 to 190 million in 2018. Additionally, there were 22,160 spa locations in 2018, which is 1.8 per cent more than in 2017.
“We’re grateful to once again report record growth for the spa industry with 2018 marking a record high US$18.3bn in revenue,” says ISPA president Lynne McNees. “The spa industry continues to prove itself as a thriving market perfect for anyone looking to enter an industry with limitless potential.”
The ISPA Foundation commissioned PricewaterhouseCoopers (PwC) to conduct the study and Colin McIlheney, global research director at PwC, says: “The number of spas is at an all-time record. There are now more than 22,000 across the country [and the industry is] continuing to expand its footprint. The other notable statistic is that revenues are getting ever close to the iconic 20-billion-dollar mark. This remarkable threshold could be reached during 2020.”
He adds that the results “show the spa industry is still on the march to new highs”.
The complete study will be released at the 2019 ISPA Conference & Expo in Las Vegas on 11-13 September.
See p74 for ISPA’s research on the preferences of spa-goers across generations
Read more from this issue of Spa Business magazine
Spa Programmes: On the menu
Energy medicine at Six Senses; aroma retreat on Croatia’s Island of Vitality and menopause programming all feature in our spa menu round-up
Top team: Rosewood
Jane Kitchen talks to the wellness team behind Rosewood, and its forward-thinking spa concepts, as CEO Sonia Cheng leads a vigorous global rollout
Everyone’s talking about: CBD
Are CBD treatments and products an unregulated fad, or a serious business proposition? Spa Business investigates
Promotional feature: The Madison Collection
Innovation of form and function in robes and towels is a vital part of attracting the next generation of wellness consumers. Charmaine T Lang from The Madison Collection explains how her company consistently maintains its successful point of difference
Interview: Markus Engel
The CEO of Asia’s Urban Resort Concepts talks to Spa Business about positive disruption in the hospitality and spa sector
Promotional feature: The Wellness
A beautiful pool can be the standout feature that draws new customers. It can also cut your running costs if it’s designed to be sustainable. Mohammed Ibrahim, CEO of The Wellness, explains
Interview: Davide Bollati
Liz Terry speaks to the founder of Comfort Zone about the group’s new botanical garden and ongoing commitment to environmentalism
Research: Generation gap
A new consumer study by ISPA uncovers spa-goer preferences and habits across different age groups
Promotional feature: Phytomer
Formulating the ultimate universal product to heal and defend the skin has taken three years of R&D for Phytomer, the French luxury marine skincare brand. The company’s scientific director tells Spa Business about the launch of the groundbreaking Prebioforce serum
Event Report: APSWC Round Table
Industry leaders contribute to APSWC’s third white paper at annual gathering. Catharine Nicol reports from Malaysia
Family spa: Play time
Spa Business takes a look at innovative spa programmes for children and families
Eco spa: Going green
Joanna Roche and Bonnie Baker share their ambitions for the Green Spa Network
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Ameyalli, the 78-acre wellbeing resort and residential community in Midway in Utah, US, has
broken ground on phase two of the hot spring development – the Ameyalli Resort and Spa –
which is due to open in 2028.
Gran Hotel Taoro in northern Tenerife, Spain, has completed the final phase of its three-year
renovation with the debut of its Sandára Wellness Centre.
Hand and Stone Massage and Facial Spa, the spa business with more than 650 locations across
the US and Canada, has appointed franchise expert Carrie Walsh as CEO as the company plans
to expand.
Synergy – The Retreat Show, the global trade show for retreats, has launched a global research
initiative that will provide insights into the retreat sector from both consumer and industry
perspectives.
The Wellness Tourism Association (WTA) has published a non-regulatory global industry
framework designed to ensure the retreat market offers responsible experiences.
A new survey of UK and international spa practitioners shows that stress, burnout and
wellbeing concerns have caused one in three respondents to consider leaving the industry.
The UK's four Chief Medical Officers have published a refreshed edition of Physical activity
guidelines: UK Chief Medical Officers' report, updating the evidence that underpins the nation's
physical activity recommendations and placing greater emphasis on strength, balance, reducing
sedentary behaviour and, for the first time, supporting people taking weight loss medications.
The MSpa Oslo series is a perennial bestseller in global markets. With innovative
engineering and premium performance, this completely portable spa line-up is expertly
designed to meet the needs of customers worldwide. [more...]
Contrast therapy, based on the alternation of hot and cold rituals, has become one of the
most valued practices in the fields of wellness and recovery. [more...]
+ More featured suppliers
COMPANY PROFILES
We Work Well Inc In 2019 Monica Helmstetter and Lucy Hugo founded the American hosted buyer event company We Work Wel [more...]
