Spa Resorts Market Is Expected to reach US$ 125 Billion by 2032

The spa resorts is poised to reach a valuation of US$ 99 Billion in 2022. Sales are projected to increase at a 12.0% CAGR, with the market size reaching US$ 125 Billion by 2032.

Social media platforms like YouTube, Instagram, Facebook, Snapchat etc. are being used effectively to advertise Spa resorts and they are hence seeing a lot of visitors.

There is a lot of footfall also because of the stress everyone faces in their day to day to life. And, a spa resort provides a lot of relaxation due to the massages, beauty and grooming packages.

Spa resorts are mostly located close to the nature like the ocean, jungles etc. Being so close to the nature helps one to relax and relive their stress more easily.

“The Spa resorts market is expanding globally because of the need to relax and spa is considered as the perfect stress buster among consumers worldwide “- Says an FMI analyst.

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Key Takeaways:

• Medical spa is the most preferred spa type among the consumers. Under medical spa there are different treatments like prenatal, fitness and therapy. It is most preferred because people prefer to relax from their stressful life.
• In spa resorts globally, women are the most popular customers. They like to take relaxing holidays which relieve them of their stress.
• It has been observed that there are more bookings done by customers through the online segment. Customers are benefitted with more discounts, offers etc. through online bookings on company websites or various social media platforms.
• More domestic tourists’ footfall is noticed in spa resorts. This is due to the fact that each and every region has one spa resort. Only consumers who are financially stable take holidays to go and spend time in a spa resort

Impact of COVID-19 on the Spa resorts market

Due to the rapid COVID-19 pandemic, one of the most hit markets in 2020 is the spa resorts industry. Due to lockdowns, the temporary prohibition on international travel, domestic travel restrictions, and the tourist, lodging, and food and beverage service industries have slowed down after performing well in 2019.

Changing lifestyles, and interests, and increasing disposable incomes have been changing the face of the spa resorts market globally. The health benefits associated with the spa services such as relief from stress, minimization of body pain, and the calmness offered have made spa services a major part of people’s lives. The growing interest in personal pampering and perception of a spa as a self-improvement investment is expanding the spa resorts market in dimensions across the world. Spa services include a range of services for health management and body relaxation. They include: massages, facials, body scrubs, steam baths, waxing, and nail care.

Who is winning?

Leading players of the Spa resorts are focusing on providing relaxation to their customers and convenience.

Major players present in the spa resorts in the tourism sector market are Radisson Resorts & Spa, Four Seasons Hotel limited, Massage Envy Franchising LLC, Emirates Palace, Six Senses Hotels Resorts Spas, Jade Mountain Resort, Gaia Retreat & Spa, Ananda, Lanserhof Tegernsee among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the spa resorts in the tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on Spa Resorts by Type (Salon/Day/Club Spa, Medical Spa (Prenatal, Fitness and Therapy), Hotel Spa, Destination Spa, Mineral Spa, Others (Pet, Baby, Mobile and Cruise Ship)), By End user (Male, Female), By Service Type (Massage, Beauty/grooming, Physical fitness, Others) By Booking Channel (Online Booking channel, In-person booking, Phone Booking), By Tourist Type (Domestic and International), & By Region - Forecast to 2017 – 2032

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