The spa resorts market is anticipated to flourish at an average CAGR of 6.7% between 2023 and 2033. The market is expected to hold a market share of USD 166.4 billion by 2033, while the market is likely to reach a value of USD 87 billion in 2023.
| Attributes | Details |
|---|---|
| Spa Resorts Market CAGR (2023 to 2033) | 6.7% |
| Spa Resorts Market Size (2023) | USD 87 billion |
| Spa Resorts Market Size (2033) | USD 166.4 billion |
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Resort spas are spas that are part of hotels or resorts and are open to resort visitors for day use, while some resort spas also accept non-guests for spa appointments. Although spa facilities, services, and practitioners, especially at luxury resorts, might be of the highest caliber, resort spas typically place a greater emphasis on pampering, relaxation, and beauty treatments than on intense wellness programs designed to promote personal growth. Casual spa users who are traveling and aren't primarily interested in the spa are drawn to resort spas.
Today, many resort spas include more of the amenities and services that destination spas provide, but they often charge extra for these classes or activities and provide them à la carte, just like they do with spa treatments.
The modernization and evolving lifestyle of travelers throughout the world is one of the key elements behind the expansion of spa resorts. The propensity to spend money on self-pampering has also increased due to rising income.
In such a situation, spa resorts provide their customers with high-quality services, which is spurring a robust development in the spa resort industry. The global aging population is another factor influencing the expansion of spa resorts. As people age, they develop a variety of physical issues, and perhaps the only alternative left is a natural method of treatment.
The ideal option for these tourists is a spa resort, where they can receive treatments like relaxation massages, yoga, tai chi, and meditation that are likely more beneficial than any other therapy. Spa resorts' only drawback is that only a select class can afford to take luxuriously extended vacations there due to their high cost.
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The need for people to escape the hectic lives they lead on a daily basis is another element driving growth in the spa resort industry. Changes in the workplace and demanding long hours are having a negative impact on people's personal lives.
To allow guests to spend quality time with their families while simultaneously taking care of themselves, the majority of spa resorts also host kids' camps on their property. This is the main reason that more and more individuals are choosing to spend their vacations at spa resorts, fuelling the industry's expansion.
| Countries | Revenue Share % (2023) |
|---|---|
| United States | 15% |
| Germany | 4.0% |
| Japan | 5.0% |
| Australia | 5.90% |
| North America | 25.0% |
| Europe | 20.0% |
| Countries | CAGR % (2023 to 2033) |
|---|---|
| China | 6.20% |
| India | 14.0% |
| United Kingdom | 13.0% |
North American Countries Have Contributed Majorly to the Spa Resorts Market Globally
Spa resorts are very popular in North American countries. The region held a market share of 25.0% in 2022 globally. Americans love to get pampered and relax. Nowadays, men are visiting more spas because they like the idea of getting pampered. It's an actual lifestyle choice that benefits my body and my wellness. It's not just about going for relaxation.
Spas in North American countries are using more technology. Kohler Waters Spas, for example, recently launched a virtual reality headset meant to be used for guided meditation.
Spa Resorts are Using Precious Metals for Treatment in European Countries
Spa resorts are faring very well in European countries; they have contributed a total of 20% to the spa resorts market globally in 2022. There are new trends in the European market; one goes for spa cation, spas for children. The spa resorts in the European market are using more precious metals and stones in their spa treatments. Healing qualities of precious metals and stones such as silver, gold, pearls, and amber are being rediscovered and may be increasingly used for health and beauty treatments.
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| Category | By Spa Type |
|---|---|
| Leading Segment | Medical Spa |
| Market Share% (2022) | 19.0% |
| Category | By Tourist Type |
|---|---|
| Leading Segment | Domestic |
| Market Share% (2022) | 55.0% |
Medical Spa Services Provided by Spa Resorts are More Popular Among Consumers.
There are various services provided by Spa resorts globally which include: Salon/Day/Club Spa, Medical Spa (Prenatal, Fitness, and Therapy), Hotel Spa, Destination Spa, Mineral Spa, and Others (Pet, Baby, Mobile, and Cruise Ship). Out of these, the most popular is the medical spa, which can be done for fitness, prenatal and therapy purposes.
Medical spas can treat the effects of a past injury or chronic conditions like arthritis. Therapy is the most preferred because it frees one from all the work stress/ stress one experiences in day-to-day life. It also helps with good blood circulation, detoxification, and physical and mental relaxation.
Online Booking is the Most Prominent Channel Throughout the Forecast Period
Like for every industry, the online booking channel is the most prominent channel through the forecast period. It is the same for the spa resorts industry. Online booking is so popular because spa resorts are very popular among tourists, and there are only limited appointments available in a day. If tourists make in-person bookings, there is a very high chance that they won't get the appointments. Phone booking is a very outdated booking channel. The online booking channel also provides a lot of discounts and offers to tourists.
Men have Started Showing More Interest and Paying More Visits to Spa Resorts in Recent Years
For both men and women, finding the time to focus on oneself might seem impossible. Spas are the perfect place to unwind and rejuvenate your body, but everyone deserves to treat themselves occasionally.
Several men are becoming more aware of the value of feeling and looking well, and many now view spas less as a pleasure and more as a need for their health. While we frequently conclude that spending the day at the spa is a female hobby, this is undoubtedly incorrect. Since ancient times, men have visited spas for the same reasons women do, to feel and look wonderful.
The spa resorts in the market globally provide various kinds of spas for men and women. They are also competing with each other by providing luxury, discounts, and offers to all consumers.
Recent Developments:
The market held a value of USD 84 billion in 2022.
The market holds a value of USD 87 billion in 2023.
The market is anticipated to hold a share of USD 166.4 billion by 2033.
The market is expected to have a CAGR of 6.7% by 2033.
The medical spa segment leads the spa type category as it held a market share of 19.0 % in 2022.
The domestic tourist segment leads the market, as it held a market share of 55.0% in 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Spa Type 5.1. Salon/Day/Club Spa 5.2. Medical Spa (Prenatal, Fitness and Therapy) 5.3. Hotel Spa 5.4. Destination Spa 5.5. Mineral Spa 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 6.1. Male 6.2. Female 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Booking Channel 7.1. Phone Booking 7.2. Online Booking 7.3. In Person Booking 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Tourist Type 8.1. Domestic 8.2. International 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Radisson Resorts & Spa 19.2. Four Seasons Hotel Limited 19.3. Massage Envy Franchising LLC 19.4. Emirates Palace 19.5. Six Senses Hotels Resorts Spas 19.6. Jade Mountain Resort 19.7. Gaia Retreat & Spa 19.8. Ananda 19.9. Lanserhof Tegernsee 19.10. Planet Beach 19.11. Hot Springs Resort & Spa 20. Assumptions & Acronyms Used 21. Research Methodology
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Spa Resorts Market
