The global spa market size is expected to reach USD 117.9 billion by 2028. The market is expected to expand at a CAGR of 12.1% from 2021 to 2028. Unhealthy lifestyles have increased the need for stress management, mental clarity, and system detoxification. The growing need to maintain a physically and mentally healthy lifestyle is expected to drive the market. Moreover, rising disposable incomes, changing lifestyles, and an increasing population are expected to propel market growth.
The coronavirus (COVID-19) pandemic had a significant impact on the industry, as businesses were forced to close or enforce stringent hygiene requirements and regulations for their workers and visitors. In a March 2020 survey of the spa industry professionals worldwide, 31.0% predicted that the number of spa visits decreased by more than 70.0% during the pandemic compared to the same period the previous year.
The ability to avoid unwanted interaction can lead to set new standards for the hotel industry. Sanitizers are the new tabletop focus and all staff members are expected to wear face masks and gloves. Hotel owners and asset managers are planning new SOPs and safety measures during the hotel closure and ensuring transparency and direct contact with guests.
New wellness-based digital platforms including online yoga sessions via live stream to customers, create an opportunity to invest in digital health. Companies are increasingly focusing on and investing in sponsorships and strategic partnerships as these growth strategies help target a larger audience and increase brand visibility. Also, these strategies allow companies to interact with the right audience. Moreover, the growing sustainability and popularity of brands aid in generating more revenue.
The ability to avoid unwanted interaction can lead to set new standards for the hotel industry. Sanitizers are the new tabletop focus and all staff members are expected to wear face masks and gloves. Hotel owners and asset managers are planning new SOPs and safety measures during the hotel closure and ensuring transparency and direct contact with guests.
New wellness-based digital platforms including online yoga sessions via live stream to customers, create an opportunity to invest in digital health. Companies are increasingly focusing on and investing in sponsorships and strategic partnerships as these growth strategies help target a larger audience and increase brand visibility. Also, these strategies allow companies to interact with the right audience. Moreover, the growing sustainability and popularity of brands aid in generating more revenue.
Spa Market Report Highlights
- The hotel/resort spa segment dominated the market and accounted for the largest revenue share in 2020 due to the rising wellness tourism worldwide
- On the other hand, the destination spa segment is likely to witness the fastest growth over the forecast period due to the growing demand for traditional spas such as Swedish, Ayurveda, and Turkish massage. The majority of people visit destination spas for week-long programs to -start their fitness or work on a particular problem
- In 2020, Asia Pacific held a majority of the regional market share due to increasing disposable income, increase in wellness tourism, and availability of advanced technological infrastructure
- In Europe, the market is expected to witness the fastest growth over the forecast period. Due to the growing trend among customers to control, minimize, and relieve stress, lose weight, and take a more positive and holistic approach to their wellbeing
- The key players account for a considerable market share and have a strong presence across the globe. The growing trend of digitalization in the industry is increasing competition among players and is also presenting opportunities for new entrants in the market
Table of Contents
Chapter 1 Methodology & Scope1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources and Third-Party Perspectives
1.3.4 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.4.2 Market Formulation & Data Visualization
1.5 Data Validation & Publishing
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Service Type Outlook
2.3 Regional Outlook
Chapter 3 Market Variables, Trends & Scope
3.1 Market Introduction
3.2 Impact of COVID-19 on Spa Market
3.3 Industry Value Chain Analysis
3.4 Market Dynamics
3.4.1 Driver Impact Analysis
3.4.1.1 Increase in hectic lifestyle in urban areas
3.4.1.2 Expansion of tourism sector
3.4.1.3 Innovative marketing strategies
3.4.2 Restraint Impact Analysis
3.4.2.1 High prices and strict regulation
3.4.2.2 Lack of trained personnel
3.4.3 Industry Challenges
3.4.4 Industry Opportunities
3.5 Business Environment Analysis
3.5.1 Industry Analysis: Porter’s Five Forces
3.6 Roadmap of Spa
3.7 Market Entry Strategies
3.8 Penetration & Growth Prospect Mapping
Chapter 4 Consumer Behavior Analysis
4.1 Consumer Trends & Preferences
4.2 Factors Affecting Buying Decision
4.3 Consumer Product Adoption
4.4 Observations & Recommendations
Chapter 5 Spa Market: Service Type Analysis and Estimates
5.1 Service Type Analysis & Market Share, 2019 & 2028
5.2 Hotel/Resorts Spa
5.2.1 Hotel/Resorts Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
5.3 Destination Spa
5.3.1 Destination Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
5.4 Day/Salon Spa
5.4.1 Day/Salon Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
5.5 Medical Spa
5.5.1 Medical Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
5.6 Mineral Spring Spa
5.6.1 Mineral Spring Market estimates and forecast, 2016 - 2028 (USD Billion)
5.7 Others
5.7.1 Others Market estimates and forecast, 2016 - 2028 (USD Billion)
Chapter 6 Spa Market: Regional Estimates & Trend Analysis
6.1 Regional Movement Analysis & Market Share, 2020 & 2028
6.2 North America
6.2.1 North America Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.2.2 North America Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.2.3 U.S.
6.2.3.1 U.S. Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.2.3.2 U.S. Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.2.4 Canada
6.2.4.1 Canada Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.2.4.2 Canada Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.3 Europe
6.3.1 Europe Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.3.2 Europe Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.3.3 U.K.
6.3.3.1 U.K. Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.3.3.2 U.K. Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.3.4 Germany
6.3.4.1 Germany Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.3.4.2 Germany Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.3.5 Italy
6.3.5.1 Italy Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.3.5.2 Italy Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.3.6 Spain
6.3.6.1 Spain Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.3.6.2 Spain Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.3.7 France
6.3.7.1 France Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.3.7.2 France Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.4 Asia Pacific
6.4.1 Asia Pacific Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.4.2 Asia Pacific Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.4.3 Japan
6.4.3.1 Japan Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.4.3.2 Japan Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.4.4 China
6.4.4.1 China Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.4.4.2 China Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.4.5 India
6.4.5.1 India Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.4.5.2 India Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.5 Middle East & Africa
6.5.1 Middle East & Africa Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.5.2 Middle East & Africa Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.5.3 South Africa
6.5.3.1 South Africa Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.5.3.2 South Africa Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.6 Central and South America
6.6.1 Central and South America Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.6.2 Central and South America Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.6.3 Brazil
6.6.3.1 Brazil Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.6.3.2 Brazil Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.6.4 Mexico
6.6.4.1 Mexico Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.6.4.2 Mexico Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Chapter 7 Competitive & Vendor Landscape
7.1 Key Global Players, Recent Developments, & their Impact on the Industry
7.2 Key Company Categorization
7.3 Vendor Landscape
7.3.1 Key company market share analysis, 2019
Chapter 8 Company Profiles
8.1 Emirates Palace Spa
8.1.1 Company Overview
8.1.2 Financial performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2 Planet Beach
8.2.1 Company Overview
8.2.2 Product Benchmarking
8.2.3 Strategic Initiatives
8.3 Hot Springs Resort & Spa
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.3.4 Strategic Initiatives
8.4 Four Seasons Hotels and Resorts
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.4.4 Strategic Initiatives
8.5 Massage Envy
8.5.1 Company Overview
8.5.2 Product Benchmarking
8.5.3 Strategic initiatives
8.6 Lanserhof
8.6.1 Company Overview
8.6.2 Product benchmarking
8.6.3 Strategic initiatives
8.7 Jade Mountain
8.7.1 Company Overview
8.7.2 Product benchmarking
8.7.3 Strategic initiatives
8.8 Rancho La Puerta Inc
8.8.1 Company Overview
8.8.2 Product Benchmarking
8.8.3 Strategic Initiatives
8.9 Mandarin Oriental Hotel Group
8.9.1 Company Overview
8.9.2 Financial performance
8.9.3 Product Benchmarking
8.9.4 Strategic Initiatives
8.10 Omni Hotels & Resorts
8.10.1 Company Overview
8.10.2 Product Benchmarking
8.10.3 Strategic Initiatives
List of Tables
Table 1 Global Spa Market - Driving factor market analysis
Table 2 Global Spa Market - Restraint factor market analysis
Table 3 Hotel/Resorts Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 4 Destination Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 5 Day/Salon Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 6 Medical Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 7 Mineral Spring Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 8 Others Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 9 North America Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 10 North America Spa Market Estimates and Forecast, by Service, 2016 - 2028 (USD Billion)
Table 11 U.S. Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 12 U.S. Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Table 13 Canada Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 14 Canada Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Table 15 Europe Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 16 Europe Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD BillioN)
Table 17 Germany Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 18 Germany Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Table 19 Italy Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 20 Italy Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Table 21 Spain Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 22 Spain Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Table 23 France Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 24 France Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Table 25 U.K. Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 26 U.K. Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Table 27 Asia Pacific Spa Market Estimates and Forecasts, 2016 - 2028 (USD Billion)
Table 28 Asia Pacific Spa Market Estimates and Forecasts, by service type, 2016 - 2028 (USD Billion)
Table 29 China Spa Market Estimates and Forecasts, 2016 - 2028 (USD Billion)
Table 30 China Spa Market Estimates and Forecasts, by service type, 2016 - 2028 (USD Billion)
Table 31 India Spa Market Estimates and Forecast, 2016 - 2028 (USD Billions)
Table 32 India Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Table 33 Japan Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 34 Japan Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Table 35 Middle East & Africa Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 36 Middle East & Africa Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Table 37 South Africa Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 38 South Africa Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Table 39 Central and South America Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 40 Central and South America Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Table 41 Brazil Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 42 Brazil Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Table 43 Mexico Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
Table 44 Mexico Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Table 45 Company categorizationList of Figures
Fig. 1 Spa Market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research approaches
Fig. 5 Primary research process
Fig. 6 Global Spa Market - Product penetration & growth prospect mapping
Fig. 7 Spa Market: Porter’s Five Forces Analysis
Fig. 8 Roadmap of global Spa Market
Fig. 9 Spa Market: Service type share (%) analysis, 2019 & 2028
Fig. 10 Spa Market: Regional share (%) analysis, 2019 & 2028
Fig. 11 Spa Market: Estimated company market share (%) analysis, 2019
Companies Mentioned
- Emirates Palace Spa
- Planet Beach
- Hot Springs Resort & Spa
- Four Seasons Hotels and Resorts
- Massage Envy
- Lanserhof
- Jade Mountain
- Rancho La Puerta Inc
- Mandarin Oriental Hotel Group
- Omni Hotels & Resorts
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 85 |
| Published | June 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 52.9 billion |
| Forecasted Market Value ( USD | $ 117.9 billion |
| Compound Annual Growth Rate | 12.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
