Spa Market Players: Rancho La Puerta, Mandarin Oriental Hotel Group, Omni Hotels & Resorts, And Emirates Palace Spa
Spa Industry Overview
The global spa market size is expected to reach USD 117.9 billion by 2028, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.1% from 2021 to 2028. Unhealthy lifestyles have increased the need for stress management, mental clarity, and system detoxification. The growing need to maintain a physically and mentally healthy lifestyle is expected to drive the market. Moreover, rising disposable incomes, changing lifestyles, and an increasing population are expected to propel market growth.
The coronavirus (COVID-19) pandemic had a significant impact on the industry, as businesses were forced to close or enforce stringent hygiene requirements and regulations for their workers and visitors. In a March 2020 survey of the spa industry professionals worldwide, 31.0% predicted that the number of spa visits decreased by more than 70.0% during the pandemic compared to the same period the previous year.
The ability to avoid unwanted interaction can lead to set new standards for the hotel industry. Sanitizers are the new tabletop focus and all staff members are expected to wear face masks and gloves. Hotel owners and asset managers are planning new SOPs and safety measures during the hotel closure and ensuring transparency and direct contact with guests.
New wellness-based digital platforms including online yoga sessions via live stream to customers, create an opportunity to invest in digital health. Companies are increasingly focusing on and investing in sponsorships and strategic partnerships as these growth strategies help target a larger audience and increase brand visibility. Also, these strategies allow companies to interact with the right audience. Moreover, the growing sustainability and popularity of brands aid in generating more revenue.
Spa Market Segmentation
Grand View Research has segmented the global spa market based on service type and region:
Based on the Service Type Insights, the market is segmented into Hotel/Resorts Spa, Destination Spa, Day/Salon Spa, Medical Spa, Mineral Spring Spa, and Others.
- The hotel/resorts spa segment dominated the market and held the largest revenue share of 37.4% in 2020 owing to the rising wellness tourism around the world. Based on type, the market is categorized into hotel/resort spa, destination spa, day/salon spa, medical spa, mineral spring spa, and others.
- The destination spa segment is likely to witness the fastest growth over the forecast period due to growing demand for traditional spas such as Swedish, Ayurveda, and Turkish massage. The majority of people visit destination spas for week-long programs to -start their fitness or work on a particular problem.
Spa Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Key Companies & Market Share Insights
Major players in the industry are focusing on introducing various packages in the spa segment. Premium and luxury spa packages are gaining traction among higher-income consumers. The growing trend of digitalization in spa services is increasing the competition among players and is also presenting opportunities for new entrants in the market.
Several companies are adopting strategies such as mergers and acquisitions as an effective way of maintaining or increasing market share. For instance, in March 2021, Zenoti, a Cloud-based spa and salon software supplier announced a strategic partnership with Sutherland Global. This strategic plan allows the company to improve the customer experience by expanding real-time service in both chat and phone-based platforms to address a large portion of customer support issues in minutes. Some of the prominent players in the spa market include:
- Planet Beach
- Hot Springs Resort & Spa
- Four Seasons Hotel Limited
- Massage Envy
- Lanserhof
- Jade Mountain
- Rancho La Puerta
- Mandarin Oriental Hotel Group
- Omni Hotels & Resorts
- Emirates Palace Spa
Order a free sample PDF of the Spa Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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Grand View Research, Inc.
Phone: 1-415-349-0058
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