Companies in this industry offer spa services, such as massages, facials and body treatments. Industry includes day spas, spas, hotel spas and medical spas. Increased shift to health & wellness activities along with increased lifestyle-related ailments expected to drive market growth. In addition, rising disposable income among middle-class families is also expected to drive market growth.
Despite the drivers, the spread of diseases and other health risks associated with spa treatments are estimated to slow market growth. Changes in lifestyles and interests, and rising disposable income have changed the face of the global spa market. The health benefits associated with spa services, such as stress relief, minimization of body pain and peace of mind offered, have made spa services an important part of people's lives. The growing interest in personal pampering and the perception of a spa as an investment in self-improvement is expanding the spa market in dimensions around the world.
Spa services include a range of services for health management and body relaxation. They include, but are not limited to, massages, facials, body scrubs, steam baths, waxing and nail care. With the increasing popularity of wellness among ordinary people, many spa vendors in Europe have developed a wide range of services to promote healthy living. Sedentary lifestyles, rapid urbanization and hectic schedules of working professionals have increased the preference for therapeutic spas to relieve anxiety and stress.
The spa market is seeing a sudden drop in revenues and is recovering comparatively slowly due to the second wave of the virus in many countries. The emergence of new therapies, the trend of green spas and facilities enabled by advanced technology will drive market growth. Spas are traditionally known for offering massage services to relax the muscles of the body, including the whole body, feet, hot stones, Thai massage, prenatal and couples massage, among others, available according to customer requirements. The spa bootcamp is expected to exceed a market value of $50 billion by 2029 due to growing fitness awareness.
Technology helps your team and your customers focus on the true jewel of the spa experience, rather than getting stuck in the process. Spa offers various benefits such as helping to eliminate stress, make skin more radiant, improves sleep, releases dopamine & serotonin, helps with anti-aging, reduces headaches, helps relieve pain, softens skin, improves blood flow & circulation and improves confidence, among others. The spa services market is characterized by several small-scale private companies, as well as giants such as Marriott and Hyatt. Think of fitness centers that offer massage and body work services or medical spas that offer invasive treatments and external cosmetic offerings.
Consumers are likely to enjoy a variety of spa services when attending a wellness cruise or retreat, but people traveling for business or pleasure often incorporate wellness activities into their itinerary as well. Some spas are simple facilities with not much more than a massage table, while others are luxury destinations that attract travelers from all over the world. Spa services originated mainly in Europe in ancient times, as it was believed that water can cure any kind of disease. By offering a wider range of services to attract experienced spa lovers, spas have increasingly begun to diversify and diversify towards health and aesthetics, in order to complement their regular spa services, in addition to previously alternative health treatments, including acupuncture, following the global shift towards a more holistic approach to health and beauty.
Most consumers and industry experts agree that, in essence, regardless of its size, shape or business model, a spa is an establishment that focuses on wellness. The total number of U.S. UU. fell by more than 20 percent and the number of spa centers fell by about 4 percent.