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NEWS
US spa industry hits record-breaking US$21.3 billion in revenue in 2023
POSTED 24 Apr 2024 . BY Megan Whitby
The US spa industry is continuing to experience record growth in overall revenue Credit: Shutterstock/Alena Ozerova
The US spa industry has broken revenue records for the second year running, hitting US$21.3 billion by the end 2023
The findings come from the latest annual US Spa Industry Study by ISPA and PwC
The report details the core metrics of the spa industry – total revenue, spa visits, spa locations, revenue per visit and industry employment levels
The study uncovered a 5.7 per cent surge in revenue, marking a significant milestone as the industry reached its highest figure since the inception of the study's recording in 1999
The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in 2023, surpassing the previous high of US$20.1 billion in 2022.

This data stems from the 2024 edition of the annual US Spa Industry Study, conducted by PricewaterhouseCoopers (PwC) in collaboration with the International Spa Association (ISPA).

The study – run since 1999 – delves into the core metrics known as the "Big Five" of the spa industry: total revenue, spa visits, spa locations, revenue per visit and industry employment.

Comparing 2022 to 2023, the study reveals steady growth across these key financial indicators.

Revenue increased by 5.7 per cent, marking a historic peak since record-keeping began. The number of spa visits saw a slight uptick from 181 million to 182 million (+ 0.6 per cent), while the total number of US spas also experienced a modest increase from 21,790 to 21,840 (+0.2 per cent).

Additionally, revenue per spa visit rose 5.1 per cent from US$111.50 to US$117.20, reflecting increased consumer spending and demand for spa services.

Moreover, the industry witnessed a notable expansion in its workforce, with the number of employees rising 2.6 per cent from 360,700 to 370,100 by January 2024.

The insights were unveiled today (24 April) at ISPA's annual Conference & Expo in Scottsdale, Arizona.

ISPA will release the full study later this year, packed full with even more insights and data.

RELATED STORIES
  US named world’s largest wellness economy, reaching US$1.8 trillion valuation


The Global Wellness Institute (GWI) has released new data on the US’ wellness economy, valuing it at US$1.8 trillion.
  2024 ISPA Consumer Study reveals spa-goer trends and preferences


The International Spa Association (ISPA) Foundation has released the 2024 edition of its Consumer Snapshot research initiative, shedding light on the behaviours and preferences of regular spa-goers in the US.
  FEATURE: Spa People: 20th anniversary issue: Lynne McNees


ISPA's president is challenging spa leaders to double the industry's economic impact in a decade
  FEATURE: Research: US industry stats


ISPA's latest study shows staff shortages still hinder the US spa sector
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23-24 May 2024

European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
30-30 May 2024

Forum HOTel&SPA

Four Seasons Hotel George V, Paris, France
+ More diary  
 
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©Cybertrek 2024
Uniting the world of spa & wellness
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NEWS
US spa industry hits record-breaking US$21.3 billion in revenue in 2023
POSTED 24 Apr 2024 . BY Megan Whitby
The US spa industry is continuing to experience record growth in overall revenue Credit: Shutterstock/Alena Ozerova
The US spa industry has broken revenue records for the second year running, hitting US$21.3 billion by the end 2023
The findings come from the latest annual US Spa Industry Study by ISPA and PwC
The report details the core metrics of the spa industry – total revenue, spa visits, spa locations, revenue per visit and industry employment levels
The study uncovered a 5.7 per cent surge in revenue, marking a significant milestone as the industry reached its highest figure since the inception of the study's recording in 1999
The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in 2023, surpassing the previous high of US$20.1 billion in 2022.

This data stems from the 2024 edition of the annual US Spa Industry Study, conducted by PricewaterhouseCoopers (PwC) in collaboration with the International Spa Association (ISPA).

The study – run since 1999 – delves into the core metrics known as the "Big Five" of the spa industry: total revenue, spa visits, spa locations, revenue per visit and industry employment.

Comparing 2022 to 2023, the study reveals steady growth across these key financial indicators.

Revenue increased by 5.7 per cent, marking a historic peak since record-keeping began. The number of spa visits saw a slight uptick from 181 million to 182 million (+ 0.6 per cent), while the total number of US spas also experienced a modest increase from 21,790 to 21,840 (+0.2 per cent).

Additionally, revenue per spa visit rose 5.1 per cent from US$111.50 to US$117.20, reflecting increased consumer spending and demand for spa services.

Moreover, the industry witnessed a notable expansion in its workforce, with the number of employees rising 2.6 per cent from 360,700 to 370,100 by January 2024.

The insights were unveiled today (24 April) at ISPA's annual Conference & Expo in Scottsdale, Arizona.

ISPA will release the full study later this year, packed full with even more insights and data.

RELATED STORIES
US named world’s largest wellness economy, reaching US$1.8 trillion valuation


The Global Wellness Institute (GWI) has released new data on the US’ wellness economy, valuing it at US$1.8 trillion.
2024 ISPA Consumer Study reveals spa-goer trends and preferences


The International Spa Association (ISPA) Foundation has released the 2024 edition of its Consumer Snapshot research initiative, shedding light on the behaviours and preferences of regular spa-goers in the US.
FEATURE: Spa People: 20th anniversary issue: Lynne McNees


ISPA's president is challenging spa leaders to double the industry's economic impact in a decade
FEATURE: Research: US industry stats


ISPA's latest study shows staff shortages still hinder the US spa sector
MORE NEWS
Connection, creativity and nature inspire Arizona’s upcoming desert wellness sanctuary Align
A new nature-inspired wellness destination called Align is coming to Tucson, spearheaded by brothers and local hospitality entrepreneurs Mark and Eric Erman.
The Well names Zeev Sharon chief development officer and announces plans for Swiss debut
Modern US wellness brand The Well has promoted Zeev Sharon, formerly VP of real estate, to chief development officer.
QC New York to unveil 15,000sq ft multimillion-dollar expansion in July
QC New York, a luxury Italian day spa on Governors Island, will expand its offering this July by adding an extra 15,000sq ft of space. This new area will feature sensory saunas, waterfalls, a salt room, an ice room, a lavender room, a 142-seat bistro and a waterbed relaxation room.
Wellness real estate market booming – forecast to reach $913bn by 2028, reports GWI
The Global Wellness Institute (GWI) has released promising new research on the wellness real estate market at its third-annual Wellness Real Estate & Communities Symposium in Manhattan.
Banyan Group appoints Paul Hawco to spearhead wellness strategy
Paul Hawco, a seasoned figure in the international wellness industry, has assumed the role of executive director – integrated wellbeing at independent, hospitality group Banyan Group.
Ritz-Carlton Reynolds, Lake Oconee, unveils new-look lakeside destination spa
The Ritz-Carlton Reynolds, Lake Oconee in the southeastern US state of Georgia is celebrating a new milestone after unveiling its newly renovated 27,000sq ft destination spa.
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FEATURED SUPPLIERS

Triple defence: Elemental Herbology's latest SPF shields against sun damage, blue light and pollution
Your skincare routine just got smarter thanks to Elemental Herbology’s latest product innovation, Smart Screen SPF50. [more...]

Book4Time unveils enhanced day and resort pass functionality
With an increasing number of luxury hotels and resorts offering day and resort passes to drive staycation business, Book4Time, a leader in innovative spa and wellness solutions, is thrilled to announce the launch of Day & Resort Passes on its award-winning platform. [more...]
+ More featured suppliers  
COMPANY PROFILES
Mindbody

Mindbody is the leading business management software for the fitness and wellness industries. [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

23-24 May 2024

European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
30-30 May 2024

Forum HOTel&SPA

Four Seasons Hotel George V, Paris, France
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
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