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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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©Cybertrek 2024
Uniting the world of spa & wellness
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News   Products   Magazine   Subscribe
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
One&Only’s new oceanfront spa in Greece offers treatments inspired by Greek mythology and Ayurveda
One&Only Resorts has introduced a new three-storey spa on the picturesque Greek island of Kéa, located at its recently launched oceanfront property, One&Only Kéa Island Resort and Private Homes.
Report identifies diversity, equity and inclusion challenges in health club sector
Diversity, equity and inclusion in the European fitness industry is examined in a new report which provides eye-opening findings and a starting point for change.
RLA Global: Wellness hotels experience positive growth trend globally in 2023
Hotels incorporating wellness amenities experienced a significant boost in Total Revenue per Available Room (TRevPAR) in 2023, according to the latest Wellness Real Estate Report by RLA Global, produced in partnership with P&L benchmarking firm HotStats.
World leaders gather at luxury Italian wellness retreat Borgo Egnazia for G7 Summit
The 2024 G7 Summit is now underway at a destination spa resort in Puglia, Italy, with leaders from Canada, France, Germany, Italy, Japan, the UK and the US convening to address some of the world’s most urgent issues.
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Minor Hotels CEO Dillip Rajakarier has unveiled plans to introduce an innovative medi-wellness concept to the group's Anantara Hotels, Resorts and Spas brand, with ambitions to expand the concept to additional resorts in the future.
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FEATURED SUPPLIERS

Discover the perfect blend of style, innovation and flexibility with Living Earth Crafts’ Insignia 2.0 Ellipse
Living Earth Crafts has launched the new Insignia 2.0 Ellipse™ Multi-purpose Treatment Table, combining award-winning comfort and striking design aesthetics with operational excellence. [more...]

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COMPANY PROFILES
Unbescheiden GmbH

Unbescheiden GmbH was founded in 1869 in Baden- Baden, Germany [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

22-22 Jun 2024

World Bathing Day

Worldwide,
22-24 Jun 2024

IECSC Las Vegas

Las Vegas Convention Center, Las Vegas, United States
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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