Health and wellness spa operators have reason to be relaxed. Demand for the industry's services has soared over the past five years due to an increasing focus on health and appearance. Growth proved relatively resilient despite weak economic conditions in the years following the global financial crisis, with consumers viewing spas as an inexpensive luxury and a relaxing escape from their stressful lives. The industry also benefited as spas became popular with a wider client base, including men, corporate users, young couples and families. Industry revenue is forecast to increase by an annualised 4.7% over the five years through 2014-15, to total $387.2 million.
This industry offers spa services such as massages, facials and body treatments. The industry includes day spas, spas located at resorts, hotel spas and medical spas.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.