According to the study conducted by Global Spa & Wellness Economy Monitor, the spa industry is growing at the rate of 7.7% annually. The same study has found that in 2007, the spa industry was estimated to be $60 billions. Within just 5 years, it turned into $94 billion dollar industry. The main reason behind the growth and development of the spa industry is the increasing awareness about wellness and good health.
The concept of wellness is based on the belief that health is not about simply being free from diseases. It is more about feeling fitter and leading an enriching life. There are several different types of spa facilities, which have helped in generating interest among the consumers. The spa facility providers are innovating new facilities for attracting more number of clients.
How is the progress of the spa industry calculated?
It is not easy to calculate the annual profits and growth rate of a diverse industry like spa and wellness. The establishments which prophase to be spas have to be monitored and their annual turnover has to be taken into account as well as making correct assessment about the economical growth of national and regional establishments which consider themselves to be spas. Spa therapies differ from one country to another.
The local or regional spa owners are inclined to incorporating the different local therapies and traditional treatments with the existing spa facilities. This sort of integration has also helped the growth of spa tourism industry. People are now more interested in visiting the far away spa destinations than before. The different aspects of the spa industry which have to be evaluated for a complete analysis of its growth include spa facilities, spa capital investments, spa education, spa media, associations and events, and spa consulting.
The various kinds of spa facilities:
In 2013, the total annual revenue earned by the spa industry was estimated to be $93.95 billion dollars and $74 billion of it came from spa facility operations. Spa facilitators and owners are coming up with brilliant and luxurious services so that the customers don’t get bored. The young generations are working hard and making lots of money.
They want to enjoy the good things life has to offer. After working hard all week, in the weekends they are visiting spas and spa destinations for relaxation and rejuvenation. The older generation of people is spending money in spa therapies in the hope of looking younger and enjoying life for a longer span of time. The wide range of spa therapies available for the clients is really staggering. There are more than 105,591 recognized and registered spas around the globe and the number is increasing every year in leaps and bounds. Day spas and club spas earn the largest share of total profit. The hotel and resort spas come second to it.
Well-trained professionals offer basic spa facilities like facials, body massages and body treatments at the day spas and salon spas. The motto of this type of spa services is to enhance the appearance of the clients instantaneously. The club spas offer services similar to the day spas but they are generally a part of fitness clubs. The aim of club spas is to provide additional care facilities and make the club members feel good. The salon spas are generally a part of beauty parlors and beauty enhancement institutes where people go for getting their makeup done and hair cuts.
Medical spas are monitored by qualified and licensed medical professionals. This type of spas offers an extensive range of spa facilities as well as alternative medical treatments and therapies. The destination spas are known for offering not just basic spa treatments for good skin but also help in reducing weight and provide nutritional counseling and fitness training.
Summary
Spa therapies are becoming popular due to the massive change in the lifestyle of people. The focus has shifted from being healthy to complete wellness and wellbeing. In the coming years the spa industry will continue to grow and thrive.
