Yes! Send me the FREE digital editions of Spa Business and Spa Business insider magazines and the FREE weekly Spa Business and Spa Business insider ezines and breaking news alerts!
Openings such as Murrieta are fuelling the growth of the global hot springs market / photo: Bri Amato
The Global Wellness Institute (GWI) has released an overview of the global spa and hot springs markets from 2007 to 2022, along with growth projections.
The data is part of GWI’s new time-series reports based on the 11 markets tracked in its annual Global Wellness Economy Monitor (last published in November 2023 – see www.spabusiness.com/gwem2023).
Spa view GWI unveiled its first industry numbers in the Global Spa Economy 2007 report. Back then, there were 71,672 spas worldwide generating revenues of US$46.8 billion (€42.4 billion, £35.7 billion). In 2022, GWI recorded 181,175 spas globally with a value of US$104.5 billion (€94.6 billion, £79.6 billion).
The time-series report revealed the global spa industry was hit hard by the pandemic. Revenues plunged by 39 per cent in 2020 and there was a net decrease of 5,600 spas.
Despite this, GWI is optimistic about the market. Between 2021 and 2022, spa revenues steadily rebounded worldwide, nearing their pre-pandemic peak of US$113.8 billion (€103 billion, £86.7 billion).
Between 2022 and 2027, GWI projects a global spa industry growth rate of 8.3 per cent a year – compared to a predicted 4.7 per cent annual growth in global GDP – and estimates the market will be worth US$156.1 billion (€141.2 billion, £118.9 billion).
Hot springs in focus GWI gave its first overview of the thermal/mineral springs market in the 2014 Global Spa & Wellness Economy Monitor, observing 26,800 facilities in 2013, bringing in US$50 billion (€45.3 billion, £38.1 billion).
Before COVID-19, it was one of the quickest-growing segments in the wellness economy. It peaked in 2019 with 34,960 facilities and was valued at US$65.7 billion (€59.5 billion, £50.1 billion). However, thermal/mineral springs revenue also decreased by 39 per cent in 2020.
By the end of 2022, most hot springs businesses had recovered to 75 to 90 per cent of their pre-lockdown levels and the global market was worth US$46.3 billion (€41.9 billion, £35.3 billion).
Between 2020 and 2022, at least 150 new thermal and mineral springs establishments opened worldwide and more than 250 projects are now in development. What’s more, GWI predicts it will be the third fastest-growing wellness economy in the coming years – growing by 14.3 per cent annually from 2022 to 2027, amounting to US$90.5 billion (€81.9 billion, £69 billion) in revenues.
Read more from this issue of Spa Business magazine
View contents of Spa Business 2024 issue 3
Editor's letter: At a crossroads
As the UK prepares to host this year's Global Wellness Summit, fresh research shows its wellness industry must address a number of issues if it's to maintain levels of unprecedented growth
Spa People: Charlotte Church
The Welsh singer talks about how growing up in the media spotlight has influenced The Dreaming, her healing retreat business
Spa People: Julia Bradbury
Leading a series of Walk Yourself Happy retreats based on her best-selling book and years of TV presenting
Spa People: Samantha Dunn
Shaking up the industry with her new, affordable DIY consultancy programme for entrepreneurs
News report: Big spenders
Finn Partners’ latest research shows how China’s high-net-worth women are redefining luxury travel
News report: Step back in time
Two new GWI reports analyse the growth of the global spa and hot springs markets over the past 10 to 15 years
Interview: Dillip Rajakarier
Following a 450 per cent increase in core revenues, Minor Hotels is planning 200 more properties. Megan Whitby sits down with its CEO
New opening: Kintsugi Space
Patrizia Bortolin talks to Lisa Starr about creating a transformative women-only sanctuary in Abu Dhabi
Research: To inform and inspire
The UK Spa Association has conducted its first survey of spa businesses in the country for 18 years. GM Bobby Griffiths unveils the numbers
Research: From wellness to wellbeing
A new study uncovers four wellness consumer market segments ripe for innovation. WELLSurvey co-author Kevin Kelly reveals the findings in a Spa Business exclusive
First person: To the source
Jane Kitchen takes to the sulphurous waters of Terme di Saturnia in Italy and shares details about its exciting upcoming sister site in Milan
Promotion: L'OCCITANE en Provence – the art of recovery
With an approach to wellbeing that’s both holistic and grounded in science, the latest massage from L’OCCITANE en Provence promises to have a powerfully-beneficial effect on customers, both in the spa and at home
New opening: Surrenne at The Emory
The £15k memberships at this wellness club in London sold out in just weeks. Creator Inge Theron tells us why
First person: Playful wellness
A Stella McCartney facial and Tracy Anderson studio are just two USPs Megan Whitby finds at Surrenne
Promotion: TechnoAlpin – naturally cool design
TechnoAlpin’s snow technology is not only an effective way to introduce gentle cold therapy into the spa environment, it’s also a powerful biophilic design element that can bring the wonder of nature indoors
Promotion: Biologique Recherche – potent partnership
A new anti-senescence serum from Biologique Recherche offers transformative results and raises the bar in anti-ageing skincare when combined with its iconic collagen formula
Promotion: Comfort Zone – A longer life for skin
Created to combat the visible signs of ageing, Comfort Zone’s latest range revamp is based on the company’s pioneering research into cutaneous cellular longevity
Promotion: G.M. COLLIN – Clinical excellence in skincare
With laboratories based in Montreal, G.M. Collin’s highly researched derma-corrective treatments have been helping skincare professionals deliver exceptional and exclusive results worldwide for many decades. We talk to VP Myriam Sayer
Openings such as Murrieta are fuelling the growth of the global hot springs market / photo: Bri Amato
The Global Wellness Institute (GWI) has released an overview of the global spa and hot springs markets from 2007 to 2022, along with growth projections.
The data is part of GWI’s new time-series reports based on the 11 markets tracked in its annual Global Wellness Economy Monitor (last published in November 2023 – see www.spabusiness.com/gwem2023).
Spa view GWI unveiled its first industry numbers in the Global Spa Economy 2007 report. Back then, there were 71,672 spas worldwide generating revenues of US$46.8 billion (€42.4 billion, £35.7 billion). In 2022, GWI recorded 181,175 spas globally with a value of US$104.5 billion (€94.6 billion, £79.6 billion).
The time-series report revealed the global spa industry was hit hard by the pandemic. Revenues plunged by 39 per cent in 2020 and there was a net decrease of 5,600 spas.
Despite this, GWI is optimistic about the market. Between 2021 and 2022, spa revenues steadily rebounded worldwide, nearing their pre-pandemic peak of US$113.8 billion (€103 billion, £86.7 billion).
Between 2022 and 2027, GWI projects a global spa industry growth rate of 8.3 per cent a year – compared to a predicted 4.7 per cent annual growth in global GDP – and estimates the market will be worth US$156.1 billion (€141.2 billion, £118.9 billion).
Hot springs in focus GWI gave its first overview of the thermal/mineral springs market in the 2014 Global Spa & Wellness Economy Monitor, observing 26,800 facilities in 2013, bringing in US$50 billion (€45.3 billion, £38.1 billion).
Before COVID-19, it was one of the quickest-growing segments in the wellness economy. It peaked in 2019 with 34,960 facilities and was valued at US$65.7 billion (€59.5 billion, £50.1 billion). However, thermal/mineral springs revenue also decreased by 39 per cent in 2020.
By the end of 2022, most hot springs businesses had recovered to 75 to 90 per cent of their pre-lockdown levels and the global market was worth US$46.3 billion (€41.9 billion, £35.3 billion).
Between 2020 and 2022, at least 150 new thermal and mineral springs establishments opened worldwide and more than 250 projects are now in development. What’s more, GWI predicts it will be the third fastest-growing wellness economy in the coming years – growing by 14.3 per cent annually from 2022 to 2027, amounting to US$90.5 billion (€81.9 billion, £69 billion) in revenues.
Read more from this issue of Spa Business magazine
View contents of Spa Business 2024 issue 3
Editor's letter: At a crossroads
As the UK prepares to host this year's Global Wellness Summit, fresh research shows its wellness industry must address a number of issues if it's to maintain levels of unprecedented growth
Spa People: Charlotte Church
The Welsh singer talks about how growing up in the media spotlight has influenced The Dreaming, her healing retreat business
Spa People: Julia Bradbury
Leading a series of Walk Yourself Happy retreats based on her best-selling book and years of TV presenting
Spa People: Samantha Dunn
Shaking up the industry with her new, affordable DIY consultancy programme for entrepreneurs
News report: Big spenders
Finn Partners’ latest research shows how China’s high-net-worth women are redefining luxury travel
News report: Step back in time
Two new GWI reports analyse the growth of the global spa and hot springs markets over the past 10 to 15 years
Interview: Dillip Rajakarier
Following a 450 per cent increase in core revenues, Minor Hotels is planning 200 more properties. Megan Whitby sits down with its CEO
New opening: Kintsugi Space
Patrizia Bortolin talks to Lisa Starr about creating a transformative women-only sanctuary in Abu Dhabi
Research: To inform and inspire
The UK Spa Association has conducted its first survey of spa businesses in the country for 18 years. GM Bobby Griffiths unveils the numbers
Research: From wellness to wellbeing
A new study uncovers four wellness consumer market segments ripe for innovation. WELLSurvey co-author Kevin Kelly reveals the findings in a Spa Business exclusive
First person: To the source
Jane Kitchen takes to the sulphurous waters of Terme di Saturnia in Italy and shares details about its exciting upcoming sister site in Milan
Promotion: L'OCCITANE en Provence – the art of recovery
With an approach to wellbeing that’s both holistic and grounded in science, the latest massage from L’OCCITANE en Provence promises to have a powerfully-beneficial effect on customers, both in the spa and at home
New opening: Surrenne at The Emory
The £15k memberships at this wellness club in London sold out in just weeks. Creator Inge Theron tells us why
First person: Playful wellness
A Stella McCartney facial and Tracy Anderson studio are just two USPs Megan Whitby finds at Surrenne
Promotion: TechnoAlpin – naturally cool design
TechnoAlpin’s snow technology is not only an effective way to introduce gentle cold therapy into the spa environment, it’s also a powerful biophilic design element that can bring the wonder of nature indoors
Promotion: Biologique Recherche – potent partnership
A new anti-senescence serum from Biologique Recherche offers transformative results and raises the bar in anti-ageing skincare when combined with its iconic collagen formula
Promotion: Comfort Zone – A longer life for skin
Created to combat the visible signs of ageing, Comfort Zone’s latest range revamp is based on the company’s pioneering research into cutaneous cellular longevity
Promotion: G.M. COLLIN – Clinical excellence in skincare
With laboratories based in Montreal, G.M. Collin’s highly researched derma-corrective treatments have been helping skincare professionals deliver exceptional and exclusive results worldwide for many decades. We talk to VP Myriam Sayer
Jessica Sloyan, a wellness operations and training expert, has established an independent
private training academy to provide professional qualifications for practitioners looking to offer
immersive wellness experiences.
The International Spa Association (ISPA) has published its full 2026 US Spa Industry Study,
providing further insights into the region’s total US$1 billion (€855 million, £780 million)
industry revenue increase from 2024 to 2025.
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.
TLee Spas and Wellness has revealed the design concept for a high-tech spa with body
mapping scanners to improve public health, for AI company Midjourney.
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.
