Spa Services Market Outlook (2022 to 2032)

According to newly published research by Future Market Insights (FMI), the global spa services market is expected to reach USD 140.28 billion by 2032, growing at a compound annual growth rate (CAGR) of 10% during the period of the forecast. In 2022, the spa services market is estimated to be worth USD 105.18 billion.

The major factors impacting the demand for spa services include:

  • Increase in hectic lifestyles in metropolitan regions
  • A rise in inbound and outbound tourism for the purpose of wellness
  • Increase in demand from emerging countries
  • Growing consumer awareness.
Attribute Details
Global Spa Services Market Estimated Size (2022) USD 105.18 billion
Global Spa Services Market Projected Size (2032) USD 140.28 billion
Global Spa Services Market Value-based CAGR (2022 to 2032) 10%

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Growth Opportunities Being Created for the Spa Industry Due to the Prevalence of Chronic Diseases

The prevalence of long-term conditions like asthma will continue to drive up demand for a diverse array of spa treatments in the international spa services market. Patients who suffer from asthma often have enlarged airways, which can make it difficult for them to breathe.

Asthmatic individuals frequently struggle with a variety of symptoms, including wheezing, coughing, and shortness of breath, among other typical issues.

The use of steam baths and saunas, which cost money, helps asthma patients open their airways and eliminate toxins through their skin. In addition, increasing the amount of money spent on steam baths can assist in the treatment of upper respiratory issues, such as coughing and bronchitis, by facilitating the release of phlegm and mucus.

The increasing demand for asthmatic relief and relaxation is anticipated to help the expansion of the spa services market around the world.

Technological Trends Shaping up the Spa Services Market

Software-as-a-service

The term software as a service (SaaS) refers to software that is licensed on a subscription basis and is hosted centrally. This type of software is also known as on-demand software.

New software as a service (SaaS) called Spa Space offers cost reductions, optimization of income streams, and an increase in client satisfaction. A customer's preferences regarding location and length of treatment are considered by an algorithm that is currently being considered for a patent.

Delivering unique KPI reporting and dynamic yield management to spas is made possible by the ability to install turnkey spa management solutions. These solutions include payments, scheduling, local marketing, and therapist sourcing, and they make it easier for spas to open their doors again.

Contactless Booking

Contactless booking offers safe and effective remote transactions across the board, from the booking procedure itself to check-in and check-out, as well as product purchases. In addition to the apparent safety offered by a touchless experience during the pandemic, contactless booking grants guests complete control over their journey from the beginning to the end.

Maintaining central reservations as well as a welcome desk for check-in and check-out ties up important human resources. This was a problem from an operational point of view.

CRM

Increased capture rates, repeat business, guest loyalty, and guest engagement may all be attributed to communicating the appropriate message to the appropriate guest or prospect. Market segmentation is the process of dividing a market into smaller, more defined segments based on criteria that are shared within those categories.

This can be accomplished through spa management software or customer relationship management (CRM) applications. Messaging will be more successful if the visitors and potential customers are divided into distinct groups according to the characteristics they share, such as their demographics, psychographics, behaviors, geographic locations, and stages in their lifecycles.

Using the marketing feature of their CRM, resort hotel spas have a chance to acquire business by directly targeting and connecting with guests before their arrival. This can be accomplished by directly targeting potential customers. Locals are an ideal demographic for hotel spas to target for memberships, staycation packages, and repeat visits.

The availability of numerous therapies, ranging from tried-and-true cryotherapy to cutting-edge LED therapy, hydrotherapy, and sound therapy, among others, has been prompted by a desire to experience the convergence of the body, mind, and spirit.

As a result, the demand for spa services is projected to increase in the near future as customer attitudes change. The therapist must be near the client in order to provide services like body massages and facials and must be in close proximity to complete the procedure.

Since physical touch is essential for the therapeutic process, these centers are unable to abide by the physical distancing regulations. The spa services market suffers from the aforementioned issues and the discontinuance of services.

The growing trend of traveling for relaxation, wellness, and meditation is more prominent in North America and Europe, especially in countries such as Germany, France, the United Kingdom, the USA, and Canada, among others.

The concept of spas for wellness therapy is also booming in emerging economies, with the growth of the hospitality industry in these economies. Thailand is popular for traditional spas, especially Ayurvedic and Thai massages.

Sudip Saha
Sudip Saha

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Spa Services Market Drivers and Consumer Expectations

Lifestyle Changes- Expectation To Cope-Up With Hectic Schedules

Globally, people's health has gotten poorer as a result of mounting concerns about an increasingly chaotic lifestyle. Extended travel periods and hectic schedules are bad for the body. Therefore, travelers are looking for ways to enhance the benefit of being healthy and rejuvenated when traveling.

Grooming Treatments-Expectation To Be Fit

The rising reputation of beauty services among youths is positively impacting the market. Teenagers avail spa services before school/college gatherings or proms, where they are greatly looking for grooming treatments that can improve their looks, as well as tone their body through rough fitness and diet programs.

Body Healing for Elder Population-Expectation of Pain Management

On the other hand, elderly people experience several body-related distresses, such as back pain, neck pain, digestive disorders, and others, due to their failing health. Thus, comforting treatments, pain management, anti-aging, as well as internal body healing packages are being widely explored by the elderly population, which is likely to further accelerate the spa services market progress.

What are the Challenges Faced by the Global Spa Services Market?

The market expansion may be constrained by the greater price of the majority of packages, which are out of the reach of the general public. Additionally, to secure the safety of the workers and visitors, the governing authorities have implemented several severe laws for running these kinds of facilities.

As a result, to operate the business, the facility operator must adhere to several tight governmental laws. Additionally, throughout the business cycle, the operator must undergo several strict inspections.

For the facility operator, this element presents difficulties. Moreover, increasing instances of physical abuse and other malpractices at these facilities are expected to reduce client visits, as well as present difficulties in employment due to safety concerns associated with working at such facilities.

Although demand for global spa services as a part of the wellness tourism market is seen significantly, certain factors are hindering the growth of the global spa services market, such as low penetration of spa services in developing countries and less availability of trained spa professionals.

The cost of the skilled workforce is high, thereby increasing the operational cost, and further restricting the growth of the global spa services market as a part of the wellness tourism market.

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Region-wise Analysis

What Is The Demand Outlook For Spa Services In The North America Market?

A growth in authentic facilities is likely to result from the rising demand for spa services.

The demand for full body massages and other aesthetic treatments in the USA and Canada, as well as the expansion of upscale service facilities, are the main factors driving the North American market.

The market in North America is expected to witness a rapid growth rate during the forecast period, owing to the growing number of luxurious massage services and facilities in the USA In addition, people from the region have shown an increasing inclination towards rejuvenating treatments.

Besides aging baby boomers, the millennials are also plunging headfast into the spa industry, as they seek to opt for relaxing treatment options, given the prevalence of hectic lifestyles. Thus, North America is holding about 25% global market share and is expected to rise from 2022 to 2032.

Why Is Asia Considered An Emerging Continent For the Spa Services Market?

The presence of numerous natural springs is expected to massively boost Asia Pacific’s shares in the global market.

Emerging economies in this region, including Japan, India, and China, are exhibiting strong economic growth. The flourishing hospitality industry and the growing popularity of traditional spas, such as Thai massage and Ayurveda in the region, would continue to drive the spa services market.

Asian spa service demand is spearheaded by nations like China and India. Spa industries are being drawn to both of these countries by their growing populations. Additionally, people are choosing spa treatments due to the region's worsening health conditions.

The travel and tourism industry has expanded significantly. Thus, resorts in the region are offering attractive packages for customers. Also, traditional ayurvedic treatments in the region have created humongous opportunities for the spa industry.

Due to the region's expanding middle-class population, as well as the rising number of massage, sauna, and mineral spring facilities, Asia Pacific currently holds a sizable part of the market at about 22%.

How Europe Is The Frontrunner In The Spa Services Market During The Forecast Period?

Europe is expected to witness the fastest growth with a CAGR of 19% by 2032.

Due to the rising expenditure on health and well-being, Europe is anticipated to dominate the global market in the upcoming years. The rising awareness about the body and mind spurs opportunities for the spa services market in Europe. It is anticipated that the well-established travel and tourism sector helps the Europe spa services market expand.

The government initiatives and favorable regulatory environment are further boosting the spa services market growth. With the increasing popularity of wellness among ordinary people, many spa vendors in Europe have developed a wide range of services to encourage healthy living.

Increased spending on health owing to increased awareness regarding well-being in the region also contributes to greater market penetration. Also, growing travel and tourism activities in European countries are further driving the demand for spa services.

Category-wise Analysis

Which Product Type is Leading the Spa Services Market?

The increase in tourists traveling and the rise in the number of hotels lifted the revenue in the spa services market.

Preference for relaxing therapies during trips and tourism has led to a surge in demand for spa services in hotel/resort spas globally. Based on product type, the hotel/resort spa segment is expected to generate significant revenues in the global spa market during the forecast period.

Owing to the increasing number of hotel chains in the international market, as well as the rising number of traveling and tourism activities, lifts the segment growth. While the availability of a variety of these massages is projected to cause the destination category to experience the fastest growth rate.

Which End-User Is The Prominent User Of Spa Services?

Spa services are primarily utilized by women, while more men are using them as well.

Women are the primary users of personal care services, and therefore the women segment holds a major spa services market share. However, the increasing trend of grooming among the men population is likely to propel men’s segment growth.

What is the Competitive Analysis of the Spa Services Market?

Players are mostly concentrating on providing consumers with personalized bundles to improve their experience at the establishment. In a similar vein, facility owners are implementing software-based tracking systems and applications to gather and organize data from clients, enabling seamless paperless management of the facility.

The start-ups employ new technologies to link people with salons and spas as a result of digitalization.

  • Starting in Dubai, the beauty and wellness appointment scheduling startup Mazkara enables customers to search and discover salons & spas in their vicinity.
  • To draw in new customers and keep existing ones, Naantali Spa completed restoration and room improvements in the first half of 2019.
  • Kempinski Hotels S.A. bought Resense Spa S.p.A. in March 2021 to provide high-end spa services to its clientele

Top Spa Service Providers, Hyatt and Marriott Motivating Start-up with their Actions

Leading service providers are promoting the introduction of several spa packages aimed at different consumer segments. For example, In October 2019, Marriott International Inc. launched a new J.W. Marriott resort & spa on Vagaru Island, Maldives to provide signature spa services such as head-to-toe pampering and exquisite treatments to Maldivian tourists.

However, players are likely to find the most chances for expansion in the premium and luxury sectors. Furthermore, the increasing digitalization of services is increasing competition among spa service providers.

Some Factors Turning out to be Lucrative Opportunities for Spa Service Providers

Changing lifestyle trends are projected to create substantial demand for spa services for health and wellness awareness. Hectic schedules are causing mental tiredness as well as food and sleeping disorders all across the world. Unhealthy lifestyles have increased the demand for stress management, mental tranquility, and system purification. Furthermore, the frequency of chronic diseases is likely to increase the adoption of spa services globally.

As the traditional ambiance is one of the main criteria regarded in such sorts of personal care facilities, players are making efforts on continual refurbishment operations in response to changing customer preferences. The growing need to live a physically and mentally healthy lifestyle is projected to keep the demand for spa therapies strong.

Customers increased preference for destination spas is projected to open up new opportunities for the key players. The increased demand for quick spa facilities at airports, such as XpressSpas, is likely to drive the adoption of spa services.

Similarly, OneSpaWorld's ship/cruise-based facilities are likely to encourage the key spa service providers in the near future. Furthermore, the growing mindfulness for health and wellbeing is anticipated to help the service providers survive during the forecast period.

FMI Identifies 5 Significant Vendors Providing Best-in-class Spa Services Around the World

  • Marriott International, a global hotel group, offers luxury spa packages in locations such as Phuket Island, Maui Resort, Cancun, and Napa Valley.
  • Cal-a-Vie Health Spa in Southern California is a European-style spa and exquisite wellness resort that focuses on self-care, fitness, health, and nutrition.
  • Hand & Stone Franchise has almost 400 sites in the USA and Canada that provide massage, facials, and hair removal services.
  • The Hot Springs Resort & Spa is set on 100 acres of land in North Carolina. Long treks along the Appalachian Trail are available, as are picturesque mineral spas.
  • Kempinski is Europe's oldest luxury hotel group, with spas all around the world that offer facials, massages, exfoliating scrubs, and wraps.

Key Players

  • Hyatt Hotels Corporation
  • Mazkara.com
  • Four Seasons Hotel Limited
  • Marriott International, Inc.
  • Hilton Hotels & Resorts
  • OneSpaWorld Holdings Limited
  • Siam Wellness Group
  • InterContinental Hotels Group plc
  • Massage Envy
  • Kempinski Hotels S.A.
  • Brenners Park-Hotel & Spa
  • Others

Scope of Report

Attribute Details
Forecast Period 2022 to 2032
Historical Data Available for 2017 to 2021
Market Analysis USD Million for Value
Key Region Covered North America; Latin America; Asia Pacific; Middle East and Africa; Europe
Key Countries Covered United States of America, Canada, Brazil, Argentina, Germany, The United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, GCC Countries, South Africa
Key Segments Covered Product, End User, Service Type, Tour Type, Region.
Key Companies Profiled Hyatt Hotels Corporation; Four Seasons Hotel Limited; Marriott International Inc.; Hilton Hotels & Resorts; OneSpaWorld Holdings Limited; Siam Wellness Group; InterContinental Hotels Group plc; Massage Envy; Kempinski Hotels S.A; Brenners Park-Hotel & Spa; Others
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Global Spa Services Market by Category

By Product Type:

  • Day Spa
  • Resort/Hotel
  • Medical Spa
  • Thermal/Mineral Springs Spas
  • Others

By Service Type:

  • Massage
  • Beauty/Grooming
  • Physical Fitness
  • Others

By End User:

  • Men
  • Women

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

What is the Future Outlook of the Global Spa Services Market?

The global spa services market is expected to reach a valuation of USD 140.28 billion in 2032.

What is the Spa Services Demand Outlook for the Global Market?

The global spa services market is anticipated to expand at a 10% CAGR by 2032.

What is the Current Valuation of the Global Spa Services Market?

The spa services market is worth USD 105.18 billion in 2022.

Table of Content
	1. Executive Summary 
	2. Market Overview
	3. Market Background
	4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
	5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Facility Type
		5.1. Day
		5.2. Hotel/Resort
		5.3. Medical
		5.4. Other Facility Types
	6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Service Type
		6.1. Massage
		6.2. Beauty/Grooming
		6.3. Physical Fitness
		6.4. Other Service Types
	7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-user
		7.1. Women
		7.2. Men
	8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
		8.1. North America
		8.2. Latin America
		8.3. Europe
		8.4. Asia Pacific
		8.5. Middle East and Africa
	9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
	10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
	11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
	12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
	13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
	14. Key Countries Market Analysis
	15. Market Structure Analysis
	16. Competition Analysis
		16.1. Hyatt Corporation
		16.2. Four Seasons Hotel Limited
		16.3. Marriot International Inc.
		16.4. Hilton Hotels & Resorts
		16.5. OneSpaWorld Holding Limited
		16.6. Siam Wellness Group
		16.7. InterContinental Hotels Group
		16.8. Massage Envy
		16.9. Kempinski Hotels S.A.
		16.10. Brenners Park Hotel & Spa
	17. Assumptions & Acronyms Used
	18. Research Methodology
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