29-30 Nov 2022
Virtual,
United Kingdom
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29-30 Nov 2022
Eden Roc, Cap Cana and Melia Punta Cana Beach,
Punta Cana,
Dominican Republic
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19-22 Jan 2023
Carrousel du Louvre,
Paris,
France
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31 Jan - 02 Feb 2023
Coventry Building Society Arena,
Coventry,
United Kingdom
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05-06 Mar 2023
Excel exhibition and conference centre ,
London,
United Kingdom
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16-20 Mar 2023
Fair District,
Bologna,
Italy
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26-29 Mar 2023
Chateau Elan Winery & Resort,
Braselton,
United States
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31 Mar - 02 Apr 2023
Düsseldorf Exhibition Centre,
Düsseldorf,
Germany
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| US spa industry hit more than US$18bn in revenues in 2021, reports ISPA |
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| By Megan Whitby 03 May 2022 |
ISPA releases five US spa industry financial indicators every year, including revenue, spa visits, locations, revenue per visit and total employees Credit: Shutterstock/baranq
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Spas across the US generated US$18.1bn (€17.2bn, £14.4bn) in revenues in 2021, marking an almost 50 per cent increase compared to 2020 (US$12.1bn, €11.5bn, £9.7bn).
This is according to data from the annual 2022 US Spa Industry Study, conducted by PricewaterhouseCoopers (PwC) on behalf of the International Spa Association (ISPA).
These findings signal encouraging news for market recovery in the US as it indicates revenue has nearly returned to pre-pandemic figures last published in 2019 by ISPA – US$19.1bn (€18.1n, £15.3bn) – which was an all-time high for the industry.
The 2022 report also found spa visits increased by nearly 40 per cent – shifting from 124 million in 2020 to 173 million in 2021.
Revenue per visit received a boost too and jumped from US$97.50 (€92.65, £77.77) to US$104.50 (€99.30, £83.35), indicating a seven per cent rise.
Meanwhile, the total number of employees rose 13.2 per cent from 304,800 in 2020 to 345,000 in 2021. ISPA splits this into full-time (162,800), part-time (167,100) and contracted staff (15,100).
As of January 2022, 21,510 spa businesses were recorded, compared to 21,560 in January 2021*, which indicates a 0.2 per cent loss.
“This year’s study indicates a significant bounce back from the depths of the pandemic in 2020,” said Colin McIlheney, global research leader, PwC.
“The overall revenue growth, substantial increase in visits and sharp rise in revenue per visit are particularly encouraging as the industry continues its recovery.”
The financial indicators mentioned above are referred to as the 'Big Five' and are always a highlight of the report. The publication has been an annual ISPA instalment since 1999.
The first look at the study was revealed today (3 May) at ISPA’s in-person Conference & Expo at Mandalay Bay in Las Vegas, Nevada.
ISPA will release the full study later this year, packed full with even more insights and data.
“We are thrilled to report strong signs of recovery for our industry,” said ISPA president Lynne McNees. “We're confident that this positive trend will continue, and we look forward to seeing how members use this new industry and consumer data to further elevate the industry.”
*The count of spas includes spas that were temporarily closed at the end of the calendar year 2020.
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| News |
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25 Nov 2022
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25 Nov 2022
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21 Nov 2022
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17 Nov 2022
On 6 October 2022, thermal spa operator Groupe Nordik opened one of North America's biggest spas in Ontario after a 10-year project. More than a month later, the new Thermea Spa Village | Whitby has ... More
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Nordic Hotels & Resorts’ newest luxury hotel in Oslo, Sommerro, has announced the grand opening of its wellness space Vestkantbadet to guests, locals and members. Serving as the largest city resort wellness space across the ... More
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16 Nov 2022
Alfredo Bataller, founder of established Spanish destination spa Sha Wellness Clinic (SHA), has launched a real estate development firm called AB Living Group (AB Living). AB Living is the totality of AB Wellness (responsible for ... More
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15 Nov 2022
The first Blue Zones Center is set to launch in Miami, Florida, and showcase the next generation of longevity medicine. The facility is underpinned by Blue Zones ’ research which has identified evidence-based ways to ... More
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14 Nov 2022
The declining health of Britons is stalling the nation’s economic growth. This is the key message from Andy Haldane, chief executive of the Royal Society of Arts (RSA) and former chief economist at the Bank ... More
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