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US spa industry hits US$18bn in revenues
By Katie Barnes 07 Aug 2019
ISPA president Lynne McNees says this is a record-setting revenue mark and that the US spa industry continues to prove itself as a thriving market
Spas across the US generated US$18.3bn (€16.3bn, £15bn) in revenues in 2018 and have seen a steady growth across key financial indicators in the last nine years.

This is according to data from the International Spa Association (ISPA) which released the 20th edition of its ISPA US Spa Industry Study yesterday (6 August).

Revenues in US spas increased by 4.7 per cent between 2017 and 2018 and this has been attributed to a growth in revenue per visit which has seen an uptake of 3 per cent – from US$93.70 (€83.50, £77.10) to US$96.50 (€86, £79.40) – over the same time.

There’s been a boost in spa visits too with numbers rising from 187 million in 2017 to 190 million in 2018. Additionally, there were 22,160 spa locations in 2018, which is 1.8 per cent more than in 2017.

"We’re grateful to once again report record growth for the spa industry with 2018 marking a record high US$18.3bn in revenue," says ISPA president Lynne McNees. "The spa industry continues to prove itself as a thriving market perfect for anyone looking to enter an industry with limitless potential."

The ISPA Foundation commissioned PricewaterhouseCoopers to conduct the study and Colin McIlheney, global research director at PwC says: "The number of spas is at an all-time record. There are now more than 22,000 across the country, continuing to expand its footprint. The other notable statistic is that revenues are getting ever close to the iconic 20-billion-dollar mark. This remarkable threshold could be reached during 2020.”

He adds that the results “show the spa industry still on the march to new highs”.

The complete study will be released at the 2019 ISPA Conference & Expo, which is due to take place at The Venetian in Las Vegas on 11-13 September.



News
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29 May 2020
With lockdown measures gradually beginning to ease around the world, webinars have focused on looking to the future of wellness and preparing spas for reopening. Sessions have also focused on sauna science, mental wellness and ... More
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Globally, spas have only got one opportunity to get reopening right, says Frank Pitsikalis, chair of the ISPA Foundation board of directors. Speaking on a Professional Beauty webinar panel recently, Pitsikalis said the pandemic has ... More
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ISPA has announced it’s hosting a series of virtual Spa Reopening Town Halls to share insights and observations of spa leaders who’ve reopened businesses as lockdown eases. Each ISPA Town Hall will focus on a ... More
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Being open to failure will help businesses survive in the Coronavirus landscape, according to Cathy Feliciano-Chon, founder of Hong Kong-based brand comms agency, CatchOn– a Finn Partners Company. Speaking in a recent GWS Masterclass, Feliciano-Chon ... More
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In some of the latest wellness-focused webinars, spa operators were privy to medical advice from the 17th US Surgeon General and gained insights from owners which are open to the public once more. Sessions also ... More
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Spa and wellness design company, Blu Spas, has launched a review service – called Blu Revu – to enable wellness, spa and fitness leaders to make educated decisions about development plans, including critical post-COVID considerations. ... More
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Singaporean holistic wellness brand Como Shambhala is offering a digital home wellness programme membership and private one-on-one personal consultations with its international network of healers. The programme is named Como Shambhala By My Side and ... More
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Jobs   News   Products   Magazine
NEWS
US spa industry hits US$18bn in revenues
POSTED 07 Aug 2019 . BY Katie Barnes
ISPA president Lynne McNees says this is a record-setting revenue mark and that the US spa industry continues to prove itself as a thriving market
Spas across the US generated US$18.3bn (€16.3bn, £15bn) in revenues in 2018 and have seen a steady growth across key financial indicators in the last nine years.

This is according to data from the International Spa Association (ISPA) which released the 20th edition of its ISPA US Spa Industry Study yesterday (6 August).

Revenues in US spas increased by 4.7 per cent between 2017 and 2018 and this has been attributed to a growth in revenue per visit which has seen an uptake of 3 per cent – from US$93.70 (€83.50, £77.10) to US$96.50 (€86, £79.40) – over the same time.

There’s been a boost in spa visits too with numbers rising from 187 million in 2017 to 190 million in 2018. Additionally, there were 22,160 spa locations in 2018, which is 1.8 per cent more than in 2017.

"We’re grateful to once again report record growth for the spa industry with 2018 marking a record high US$18.3bn in revenue," says ISPA president Lynne McNees. "The spa industry continues to prove itself as a thriving market perfect for anyone looking to enter an industry with limitless potential."

The ISPA Foundation commissioned PricewaterhouseCoopers to conduct the study and Colin McIlheney, global research director at PwC says: "The number of spas is at an all-time record. There are now more than 22,000 across the country, continuing to expand its footprint. The other notable statistic is that revenues are getting ever close to the iconic 20-billion-dollar mark. This remarkable threshold could be reached during 2020.”

He adds that the results “show the spa industry still on the march to new highs”.

The complete study will be released at the 2019 ISPA Conference & Expo, which is due to take place at The Venetian in Las Vegas on 11-13 September.

MORE NEWS
Webinar roundup: Reopening, sauna science and mental wellness
With lockdown measures gradually beginning to ease around the world, webinars have focused on looking to the future of wellness and preparing spas for reopening. Sessions have also focused on sauna science, mental wellness and business strategies in a COVID-19 landscape.
‘No room for error’ during spas reopenings, say Pitsikalis and Ryan
Globally, spas have only got one opportunity to get reopening right, says Frank Pitsikalis, chair of the ISPA Foundation board of directors.
ISPA announces virtual Spa Reopening Town Hall series
ISPA has announced it’s hosting a series of virtual Spa Reopening Town Halls to share insights and observations of spa leaders who’ve reopened businesses as lockdown eases.
Surviving and thriving: a GWS masterclass from Cathy Feliciano-Chon
Being open to failure will help businesses survive in the Coronavirus landscape, according to Cathy Feliciano-Chon, founder of Hong Kong-based brand comms agency, CatchOn.
Dunphy, Trieste and Verbruggen team up to assist wellness businesses during reopening phase
Industry figures Maggy Dunphy, Diane Trieste and Liz Verbruggen have collaborated to create an industry resource – called The SOS Spa Project – to assist wellness businesses in preparing to welcome back guests following the Coronavirus shutdown.
Webinar roundup: insights from hospitality and health tourism
With the hospitality and health tourism sectors being closely linked to spa and wellness, Lisa Starr hops onto three of the latest webinars and picks out the points which resonate with wellbeing operators.
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