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NEWS
US spa industry reaches record-breaking US$20bn revenue mark
POSTED 10 May 2023 . BY Megan Whitby
The number of spa visits grew from 173 million in 2021 to 181 million in 2022 Credit: Shutterstock/PeopleImages.com - Yuri A

Credit: ISPA
The spa industry is making up for lost time
– Lynne McNees
The International Spa Association (ISPA) unveiled its five key US spa industry financial indicators from its 2023 US Spa Industry Study today during its 2023 Conference and Expo in Las Vegas, Nevada.

Known as the “Big Five”, these statistics are revealed annually and include total revenue, total spa visits, number of spa locations, revenue per visit and the total number of US spa industry employees.

The most significant finding was that US spa industry revenues grew 11 per cent from US$18.1bn (€16.5bn, £14.3bn) in 2021 to US$20.1bn (€18.3bn, £15.9bn).

The revenue figure sets a new all-time industry record, outpacing the previous high of US$19.1bn (€17.4bn, £15.1bn) in revenue realised in 2019.

Continuing the report’s good news, the total number of US spas increased by 280 locations in 2022 over the prior year’s figure.

In addition, the number of spa visits grew from 173 million in 2021 to 181 million in 2022.
Meanwhile, revenue per spa visit increased by US$7 (€6, £6) for the second time in year-over-year numbers, settling at US$111.5 (€102, £88) – another all-time high.

The number of industry employees also continued to rise in 2022, increasing to 360,700, a 4.6 per cent increase over 2021.

“The spa industry is making up for lost time, and revenue growth of 11.1 per cent is the spotlight statistic,” said ISPA president Lynne McNees. “But the increase in staffing is an even more unmistakable indicator of vitality.”

As in previous years, the ISPA Foundation commissioned PricewaterhouseCoopers (PwC) to conduct the study.

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

RELATED STORIES
  Spa professionals gather in Vegas as ISPA Conference and Expo 2023 gets underway


International spa and wellness professionals have flocked to Las Vegas, Nevada, to attend the 31st annual ISPA Conference and Expo, kicking off today at the Mandalay Bay hotel.
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Lynne McNees, president of the International Spa Association (ISPA), has announced the new ISPA Board of Directors and officers for 2023.
  Nerio Alessandri to be honoured with 2023 ISPA Visionary Award


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Wellness real estate market booming – forecast to reach $913bn by 2028, reports GWI
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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.
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©Cybertrek 2024
Uniting the world of spa & wellness
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News   Products   Magazine   Subscribe
NEWS
US spa industry reaches record-breaking US$20bn revenue mark
POSTED 10 May 2023 . BY Megan Whitby
The number of spa visits grew from 173 million in 2021 to 181 million in 2022 Credit: Shutterstock/PeopleImages.com - Yuri A
Credit: ISPA
The spa industry is making up for lost time
– Lynne McNees
The International Spa Association (ISPA) unveiled its five key US spa industry financial indicators from its 2023 US Spa Industry Study today during its 2023 Conference and Expo in Las Vegas, Nevada.

Known as the “Big Five”, these statistics are revealed annually and include total revenue, total spa visits, number of spa locations, revenue per visit and the total number of US spa industry employees.

The most significant finding was that US spa industry revenues grew 11 per cent from US$18.1bn (€16.5bn, £14.3bn) in 2021 to US$20.1bn (€18.3bn, £15.9bn).

The revenue figure sets a new all-time industry record, outpacing the previous high of US$19.1bn (€17.4bn, £15.1bn) in revenue realised in 2019.

Continuing the report’s good news, the total number of US spas increased by 280 locations in 2022 over the prior year’s figure.

In addition, the number of spa visits grew from 173 million in 2021 to 181 million in 2022.
Meanwhile, revenue per spa visit increased by US$7 (€6, £6) for the second time in year-over-year numbers, settling at US$111.5 (€102, £88) – another all-time high.

The number of industry employees also continued to rise in 2022, increasing to 360,700, a 4.6 per cent increase over 2021.

“The spa industry is making up for lost time, and revenue growth of 11.1 per cent is the spotlight statistic,” said ISPA president Lynne McNees. “But the increase in staffing is an even more unmistakable indicator of vitality.”

As in previous years, the ISPA Foundation commissioned PricewaterhouseCoopers (PwC) to conduct the study.

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

RELATED STORIES
Spa professionals gather in Vegas as ISPA Conference and Expo 2023 gets underway


International spa and wellness professionals have flocked to Las Vegas, Nevada, to attend the 31st annual ISPA Conference and Expo, kicking off today at the Mandalay Bay hotel.
Lynne McNees unveils ISPA's 2023 Board of Directors and officers


Lynne McNees, president of the International Spa Association (ISPA), has announced the new ISPA Board of Directors and officers for 2023.
Nerio Alessandri to be honoured with 2023 ISPA Visionary Award


The International Spa Association (ISPA) has named Technogym CEO and founder Nerio Alessandri as the 2023 ISPA Visionary Award winner.
MORE NEWS
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.
Art-inspired urban spa to launch at stylish new London hotel, Art’otel London Hoxton
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Saga Holographic hits Kickstarter target to roll out holographic indoor bike
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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...]

The sound of success: three ways music can boost spa revenue according to Myndstream’s Freddie Moross
At Myndstream, we understand the power of music elevates the spa experience. But did you know it can also be a powerful revenue generator? [more...]
+ More featured suppliers  
COMPANY PROFILES
Cellcosmet

Roland C. Pfister founded Cellcosmet and developed the skincare line to prolong the therapy's benefi [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

18-22 May 2024

Eco Resort Network

The Ravenala Attitude Hotel, Mauritius
23-24 May 2024

European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
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LEISURE MEDIA PRODUCT SEARCH
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