5.3 Market Analysis of Spa Consumption by Application/Type Chapter Six 2020-2027 Market Forecast of Global and Chinese Spa Industry 6.1 2020-2027 Global and Chinese Capacity, Production, and Production Value of Spa 6.2 2020-2027 Spa Industry Cost and Profit Estimation Green with envy. The reports on spa market provides a holistic analysis, market size and . Beauty Salon Business - SBDCNet Medical SPA Market - Global Industry Research Analysis Medical SPA Market By Key Players (Karada, The Zen Institute, Terra Wellness Spa, Cathy Valencia Skin & Body Center); Based on 2020 COVID-19 Worldwide Spread. The 2022 ISPA Conference will be held at Mandalay Bay in Las Vegas, NV. In September 2021 over 90% stated they were back at work. There are also profiles of hotels that operate in the . Health & Wellness Spas in the US industry outlook (2021-2026) poll Average industry growth 2021-2026: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. (International Spa Association Foundation) #7. Doug Elman of Hand & Stone Massage and Facial Spa in Spring Lake, New Jersey, normally sees 25 to 35 clients a month for various massage and related services and, after 15 years in the industry . However, there was at least one bright light during this dark year, and it was the spa and wellness industry's ability to adapt and survive during these turbulent times. The Hot Tub Market size is projected to register a CAGR of 9.63% over the forecast period, 2021-2026. 2020 Global Wellness Trends. "These statistics provide the clearest picture yet of the pandemic's impact in the spa sector," said Lynne McNees, ISPA president. This Beauty Salon industry summary is from First Research which also sells a full version of this hair care services industry report. An amazing 78% of them said that wellness is now more important than ever—definitely good . We looked at the beauty industry's recovery against each scenario, considering two key factors: where There are profiles of 25 companies including national chains and franchises such as Mangwanani, Amani, Africology Imbalie and Sorbet. IBISWorld's statistic shows that as of 2021 the market size of the Hair Salons industry is $39.5bn an increase of 28.7% from 2020. Increased health consciousness has fueled the wellness . However, as demographics shift and big data trends emerge, it becomes easier to make a safe bet on what guests will be looking for in their spa of choice over the next twelve months. Continuing 2020's natural theme, aqua greens and moss tones will also be used for contrast, said the designer. Resetting our lives is the driving force influencing wellness trends as we move into 2021. There is a huge trend in various countries towards ensuring wellness and taking care of an individual‐™s body which leads to market growth. The pool, hot tub, and spa industry experienced unprecedented growth in 2020, and it appears the industry will continue to see similar growth throughout 2021. Most spas were shut down for 2-3 months. Nutrition/cleansing event (16%) 3. Spa & Wellness Trends For 2021. Spa Market Outlook 2021-2026: The global spa market exhibited moderate growth during 2015-2020. During a 2020 survey in the United Kingdom, 67.2 percent of respondents from the spa industry stated that the pandemic had a severe impact on their business. The spa market is poised to grow by $ 25.48 billion during 2020-2024 progressing at a CAGR of 4% during the forecast period. February 2020. "I think the spa trend for 2020 is more spas are adding cryofacials that are really replacing some of the med spas more invasive treatments," said Carol Stratford, partner at Hutchinson Consulting. Latest spa industry news, spa jobs, spa training, products and diary dates for the worldwide spa industry from Spa Opportunities Magazine The tourism, accommodation, and food and beverages service sectors, which performed well during 2019, have slowed down due to the lockdowns and the temporary ban on international travel and domestic travel restrictions across the world. ADVERTISEMENT This report focuses on the Health and Beauty Spa Industry including the latest trends and developments and factors that influence the sector. Medical Spa Market was valued at $11,063 million in 2017, and is expected to reach $27,566 million by 2025 at a CAGR of 12.2% during the forecast period. What is the market size of the Hair Salons industry in the US? . August 2020. In fact, the global. An annual Folio Award winner for exceptional editorial, American Spa is the industry authority and reaches wellness leaders and decision-makers with news, business advice, research, trends, and features on the world's top spas. Market Analysis and Insights: Global Spa Services Market The global Spa Services market size is projected to reach USD 165470 million by 2027, from USD 118080 million in 2020, at a CAGR of 4.5% . By Type - United States Spa Software Revenue Market Share . November 2020. September 2020. Similarly, according to the survey conducted by the UK Spa Association for COVID-19 impact on the wellness industry, in the first half of 2020, 80.6% of UK respondents operating in the market said their facilities are closed down, whereas about 31.1% of surveyed participants said that they are anticipating gross revenue to decrease by 51%. Based on the scenarios most expected by global executives and current trends, we estimate global beauty-industry revenues could fall 20 to 30 percent in 2020. Published: Jan-2021 | Format: PDF | Maia Research | Number of pages: 120 | Code: MRS - 821498 May 2020. In 2020, beauty and personal care sales fell, with steep declines in Western Europe and North America, according to recent data from Euromonitor International.As consumers avoided social events and put on masks, they stopped buying as many . The Effect of 2020 on U.S. Spas The spa industry has suffered the loss of 870 U.S. spa locations, a 35% fall in visits and a 36% drop in revenue, from $19.1 billion to $12.1 billion, in 2020. Between mid-October and mid-November, Mindbody launched the 2021 Wellness Index, surveying nearly 20,000 Americans. Since that time, they have served as valued research advisors and they ensure ISPA keeps its finger on the pulse of the industry. While "billions will be lost in the wellness industry in 2020 because of months of shuttered brick-and-mortar businesses," said Beth McGroarty, vice president of research for the Global Wellness Institute, "at the big-picture, long-term level, the case for the wellness concept and wellness markets post-pandemic looks very bullish." 17. Market Analysis and Insights: Global Spa Services Market The global Spa Services market size is projected to reach USD 165470 million by 2027, from USD 118080 million in 2020, at a CAGR of 4.5% . The Top 3 and 5 Players Market Share by Spa Software Revenue in 2020 Figure 7. The growing popularity of the spa industry in the health and wellness trend expanded its revenue to $18 billion in 2020. Salon Industry July 2020 . 5. Top three wellness experiences people want to try in 2020: 1. Complete Outdoor Entertainment Space This report focuses on the Health and Beauty Spa Industry including the latest trends and developments and factors that influence the sector. #1. The American Med Spa Association (AmSpa) has released the results of the AmSpa 2020 Medical Spa Industry Short Survey - COVID-19's Impact, which details some of the ways in which COVID-19 has impacted the medical aesthetic industry. Industry Research & Trends If there is a research report or document that you feel should be included on this list, or if this list needs to be corrected in any way, please send an email. The continual challenges of the global pandemic and various environmental disasters have affected and awakened people to the importance of repurposing their health and daily practices, personal finances, careers and . NAICS Code: 812111, 812112; SIC Code: 7231, 7241. Spa revenue in the USA was $18.3 billion in 2018, an increase of $700m from 2016. • The salon and spa industry is a vibrant and growing component of the U.S. economy, with more than 1.2 million total establishments and annual sales of more than $62 billion. The award program recognizes outstanding and superior products, innovation and/or customer service in the pool & spa . 61% of salons and spas were actively trying to fill open positions. Salon Establishments With Payroll Employees 2019 Establishments 106,227 The International SPA Association is the source for all things spa with a door to a global network of peers. These studies monitor key performance metrics and identify . Statista According to the health and wellness trends for 2020, the spa industry reached $18 billion in market size. While it still accounts for less than 10% of the total market, the number and diversity of fast casual restaurants has been exploding across the country, with an astounding growth of over . How has COVID-19 impacted the massage profession? Understand the impact of the crisis on your market. The coronavirus (COVID-19) pandemic had a significant impact on the spa and wellness industry worldwide as many establishments were forced to close to avoid gatherings of people in public areas. July 2020. Beginning in March 2020, 73% of U.S. spas closed, remaining so through April of that year. For more than two decades, American Spa has been the top choice for spa professionals looking to better their businesses. The industry employed more than 366 thousand individuals, with more than 22 thousand businesses. "We think 'Studio Green' is the colour of the moment in spa," said Sparcstudio. With our lives shifting dramatically in the wake of COVID-19, we turned to our in-house spa industry expert, Jessica Timberlake, for her expertise. However, the spa industry is expected to recover. Global Wellness Summit Trends Reports 2021 Global Wellness Trends Report 2020 Global Wellness Trends Report 2019 Global Wellness Trends Report 2018 Global Wellness Trends Report 2017 8 Wellness Trends for… 5.2 Market Competition of Spa Industry by Country (USA, EU, Japan, Chinese etc.) There were 33,000 vacant positions within the salon and spa industry in 2017 at U.S. facilities. During a 2020 survey in the United Kingdom, 54.7 percent of respondents from the spa industry stated that they planned to immediately reopen once . A Hilton wellness program that aims to shake up the spa industry recently scored a big award, and in recognition of it . March 2020. PoolAndSpa.com, a Florida based pool and spa web site, announces the winners of their 2020 Best Of Class Awards for companies in the pool and spa industry. 2. Construction figures have still not returned to levels seen in 1991. Report Coverage. January 2020. Resorts and hotel spas were especially challenged by the pandemic and closed for an average of 3.4 months during 2020. Wellness festival (15%) And travelers are already embracing wellness. Immuno-stabilisation, financial wellness, challenging over-tourism and encouraging more diversity in the sector are just some of the trends set to shake up the spa and wellness industry in 2021, according to the Global Wellness Summit's (GWS) latest report. Despite curbside check-ins, temperature-taking, mask-wearing, and waiver requirements, clients filled the books of available treatments. Spa services refer to a collective term assigned for various services such as facial, body massage, manicure, pedicure, body treatment and others provided under expert administrations that revitalizes the brain . 4. Within this industry, there were approximately 366 thousand employees and a total of over 22 thousand. The spa industry in China has been hit quite badly. If your salon/spa is not pushing the boundaries of acquiring and mastering advanced technical skills, you have work to do. The trends in GWS's " The Future of Wellness 2021 " report is based on what the . This report focuses on the Health and . "Medical spas represent a . Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. The "Health and Beauty Spa Industry in South Africa 2020" report has been added to ResearchAndMarkets.com's offering. December 2019. COVID-19 and the Massage Industry What kinds of business changes are consumers looking for in response to COVID-19? 28% of American gym-goers regularly use the spa facilities at their club. June 2020. The amount of people employed in this industry dropped from over 383 thousand in 2019 to just under 305 thousand in 2020. 2021's Top 8 Wellness Spa Trends. The spa industry is a multi-billion dollar business, with customers willing to spend their hard earned money on health spa memberships, treatments, and trips to hotel spas. Medical spa industry remains strong despite pandemic. The global spa market exhibited moderate growth during 2015-2020. "The US hair care services industry includes more than 80,000 establishments (77,000 beauty salons; 4,500 barber shops) with combined annual revenue of about . View Trends, Analysis and Statistics. Hilton. 18. November 2019. . AmSpa and Marketdata estimate that medical spa industry revenues have been growing at a double-digit pace since 2010, and by more than 20 percent per year since 2013. So now many spas are offering huge discounts. Dublin, Nov. 04, 2020 (GLOBE NEWSWIRE) -- The "Spa Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's. Medical spa is expected to register the fastest growth, during 2016-2022. SPA Industry Overview: Global Spa Services Market projects that the market would reach $154.6 billion by 2022. Only about 60% of the spas have actually reopened so there was a huge loss in revenue in the industry. 10 Qs with The Lodge at Woodloch's Spa Director, Nancy Deaton. Within the spa sector, the medical segment is the fastest growing. Amid the Covid-19 pandemic, health and wellness have become more important than ever before. Industry U.S. Spa Industry eclipses $18.3 billion January 1, 2020 traveller ISPA states the industry continues to experience steady growth with increases in overall revenue, locations, number of spa visits, and revenue per visit. Get real time updates on the Spa Industry with the latest reports, critical insights and stats from official sources. Health & Wellness Industry Trends Impressive Pool and Spa Industry Statistics. 1. trends, we estimate global beauty-industry revenues could fall 20 to 30 percent in 2020. Number of employees in the spa industry in the United States from 2018 to 2020 Number of employees 2018 2019 2020 We bring you some of the best treatments and trends that are revolutionising the spa industry: get ready to say "goodbye" to stress and "hello" to . DUBLIN, April 6, 2020 /PRNewswire/ -- The "Health and Beauty Spa Industry in South Africa 2020" report has been added to ResearchAndMarkets.com's offering.. The "capitals" of various spa services, where spa life is booming and the highest percentage of residents frequent the spa for a given . The 2022 International Spa Conference & Expo. DUBLIN--(BUSINESS WIRE)--The "Spa Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.The global spa . Join the leading global network of spa industry professionals and obtain access to cutting-edge research, data, networking opportunities, worldwide media exposure and much more. The annual ISPA Conference brings professionals from all spa industry sectors together in one location. Key sectors include: Personal Care, Beauty and Anti-Aging ($1,083 billion) Conducted by PricewaterhouseCoopers (PwC), this initial report outlines overall revenue, number of spa visits, number of spa locations, revenue per visit and total employees for the US spa industry during 2020. Industry Research. Industry market research reports, statistics, analysis, data, trends and forecasts. December 2020. Like many of you, we are eager to leave 2020 behind and move on to 2021. The 2019 ISPA Expo featured more than 260 companies offering the latest spa products and services available on the market. Almost half of the 372,100 people employed in the US spa industry are part-time. In the United States, if there is a COVID-19 recurrence later in the year, the decline could be as much as 35 percent (Exhibit 3). Search reports, statistics & slideshows on Sauna, Hammam And Spa. While spa revenue per visit remained near the previous year's figure, falling slightly from $99.5 to $97.5, the number of total spa employees in the U.S. spa industry fell more than 20 percent to 304,800 from an all-time high of 383,700 at the end of 2019. October 2020. The way individuals consider themselves attractive, healthy, or fit is an ever . As we continue to evolve into the next year, the need for change is . The salon/spa of the future has a comprehensive internal training program that all employees participate in — no matter what their level of experience or years in the industry. The wellness industry represents 5.3 percent of global economic output. Where Is It? As we move forward during this year of unprecedented changes, we look ahead to the spa and wellness trends that we foresee for the skin care industry. Thirty percent book fitness, beauty, or wellness services at least half of the time they're away from home. The highly regarded PricewaterhouseCoopers research unit was commissioned to conduct the first ISPA U.S. Spa Industry Study in 1999. Smart Design: Spas are taking the customer experience to the next level with smart technology. Now that we are one month into the new year, PHTA members are predicting what the top trends for the industry will be in 2021. Since the end of the recession years in 2009, the growth of the in-ground pool industry has been 13%. By Brenda Cargin - dermani MEDSPA Franchising . Supporting the growth of the global spa industry, Spas of America's Spa Industry showcases industry news, events, trends, products and features of industry leaders. In the United States, if there is a COVID-19 recurrence later in the year, the decline could be as much as 35 percent (Exhibit 3). Download the full report to see what spa industry trends you can expect in 2020 and more, including: Which city in the US loves spa services the most and the city that's least likely to be spotted at the spa. (Statista) #6. 2020 Best Of Class Awards For The Swimming Pool And Hot Tub Spa Industry. April 07, 2020 09:34 AM Eastern Daylight Time DUBLIN--( BUSINESS WIRE )--The "Health and Beauty Spa Industry in South Africa 2020" report has been added to ResearchAndMarkets.com's offering. , Jun 16, 2021 This statistic shows the number of employees in the United States spa industry from 2018 to 2020. United States Spa Software Market Overview: 2020 Figure 4. Looking forward, the market is expected to grow at a CAGR of around 6% during 2021-2026. Among the 10 wellness markets analyzed, revenue growth leaders from 2015-2017 (per annum) were the spa industry (9.8 percent), wellness tourism (6.5 percent) and wellness real estate (6.4 percent). Lashin' is in fashion Day spas were fully closed for about 2.6 months in the same period. Spabreaks.com has also pioneered the initiative for an inclusive, industry . "Dark and rich, it creates an intense backdrop to other colours and natural woods, stones and Terracotta.". Check out the full list of American Spa's 2020 trend picks below: Wellness Central: Mixing wellness, fitness, and healthcare proves to be a winning combination. All Systems Are Go: The wellness industry is shining a spotlight on the endocannabinoid . The spa market is one of the large hit markets in 2020 due to the sudden COVID-19 pandemic. Meanwhile, according to the Global Wellness Institute, in 2018 an estimated 2.8 million people will be employed by spas worldwide, and an additional 470,000 therapists and spa managers/directors will be needed by the industry in 2020. Rise in disposable income, an increase in awareness about health, changing lifestyles of individuals, and rapid technological advancements are some of the major factors expected to drive the hot tub market. Impact of the coronavirus (COVID-19) pandemic on the spa industry in the United Kingdom (UK) in 2020 Additional Information © Statista 2021 Show source They only started opening again in May really. And the wellness industry has pivoted fast. However, Asia Pacific is anticipated to witness the fastest CAGR from 2019 to 2025 owing to the presence of a well-established beauty market. As of April 2020, 86% of massage therapists stated they had stopped working. Request Sample Report Now! In 2016, it turned over £20 million, with a predicted growth in sales to £50 million by 2018, and employs 70 staff. Fast Casual Industry Analysis 2020 - Cost & Trends. The last time the industry was at the current level of construction (61,000 pools per year) was 1982. United States Spa Software Market Size: 2021 VS 2027 (US$, Mn) Figure 5. No other forecast is based on the perspectives of so many experts worldwide, including economists, academics, futurists and the CEOs of international . Spas offer full-body treatments, which involves being in a cryotherapy chamber for about one to three minutes and cryofacials. Industry Leaders Reveal the Future of the Spa and Wellness Industry. Spa Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 Aug 19, 2020. Barbershops are a unique segment of the salon and spa industry, generating around $800 million in revenues each year. North America was the dominant regional market in 2018 due to technological advancements and increasing number of new entrants in the medical spa industry. United States Spa Software Revenue, 2016-2027 (US$, Mn) Figure 6. Spa And Wellness Trends For 2020. Spas of America Launches 2022 Spa Collection. Spa Industry 2021. Spa retreat (24% want to try) 2. April 2020. When it comes to restaurants, fast casual has been the growth darling of the industry for almost 20 years. The Global Wellness Summit (GWS) trends forecasting team predicts new directions in health and wellness—a mission it readily undertook over 15 years ago. The global cosmetics and personal care industry took a hit during the COVID-19 pandemic, but industry professionals remain optimistic about the future.. The number of U.S. spa locations also fell from 22,430 to 21,560 in 2020. 21 January 2020 Making predictions about future trends is never a safe thing to do, especially in an era where things change so fast and so unpredictably. The market to grow at a CAGR of around 6% during 2021-2026. Figure 3. The health and wellness spa industry reached a market size of 18 billion U.S. dollars in 2020. - spas of America < /a > Figure 3 Sauna, Hammam and spa back at work,.. 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