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Spa Market To Increase at Steady Growth Rate 2018-2026 By Key Players Emirates palace, Four Seasons Hotel limited, Massage Envy Franchising LLC, Jade Mountain Resort, Six Senses Hotels Resorts Spas, Lanserhof Tegernsee, and Gaia Retreat & Spa.

11-12-2018 11:08 AM CET | Fashion, Lifestyle, Trends

Press release from: coherenet market insights

Spa

Spa

Spa is a spring or bath rich in minerals, known for therapeutic properties essential for relaxing the body. Spa resorts are special places providing treatments and various facilities for enhanced health and wellness. Spas provide massages, salon services, skin treatments, Ayurveda medicines, and yoga therapy, among others. Spa is often used as a medium for managing stress, treating medical problems, reducing weight, boosting immune system, and detoxifying the body. Balneotherapy or spa therapy is widely used in alternative medicine for the treatment of diseases such as arthritis.

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Increasing travel and tourism activities coupled with increasing global health awareness is majorly driving growth of the spa resort market. Growing urbanization coupled with hectic work culture, is increasing prevalence of stress and stress-related diseases among the populace. This in turn, is increasing the demand for spa therapies, thus boosting growth of the market for spa resorts. High costs associated with healthcare is further expected to increase consumer inclination towards spa therapeutics, in turn, propelling growth of the spa resort market.

Europe is a dominant region in the spa resort market and is expected to retain its dominance throughout the forecast period. Growing focus and awareness on health and beauty, increasing expenditure on luxurious self-care services such as massages and facials, along with relatively high revenue generated in the region are major factors fueling growth of the spa resort market in the region. Moreover, customized and mini treatments are driving growth of the market in this region, owing to the busy and sedentary lifestyle. The region witnesses the presence of a large number of certified nutrients and cosmetic experts in spa resorts, in turn contributing to significant growth of the market in the region. According to the European Spa Association, Europe has over 1200 medical spa and health resorts in the region. European tourism statistics stated that over the period of 2006-2015, the average stay at tourist accommodation increased by 22%.

Spa Resort Market Taxonomy

On the basis of spa type, the global spa resort market is segmented into:

Salon spa
Medical spa
Hotel spa
Destination spa
Mineral spa
Others

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Major players operating in the spa resorts market include Emirates palace, Four Seasons Hotel limited, Massage Envy Franchising LLC, Jade Mountain Resort, Six Senses Hotels Resorts Spas, Lanserhof Tegernsee, and Gaia Retreat & Spa.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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