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Spa Market Impact Of Industry Trends, Growth, Major Players Analysis And Forecast 2032 | Canyon Ranch, Emirates Palace, Rancho La Puerta, Jade Mountain Resort, Lanserhof GmbH
Spa Market Trends
As per the Spa market report by The Business Research Company, rapid urbanization is expected to propel the growth of the spas market. Urbanization refers to the population movement from rural to an urban setting and increasing human population densities in urban areas. Changing lifestyles and rising stress levels associated with rising urbanization are promoting demand for destination spas and spa getaways.
The global spa market size grew from $58.09 billion in 2022 to $64.42 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The spa market size is expected to grow to $95.56 billion in 2027 at a CAGR of 10.4%.
Read More On The Spa Market Report Here:
https://www.thebusinessresearchcompany.com/report/spa-global-market-report
Major competitors in the Spa market include Canyon Ranch, Emirates Palace, Four Seasons Hotels Limited, Grand Resort Bad Ragaz AG, Harrison Hot Springs Resort, Lanserhof GmbH, Marriott International Inc., Massage Envy Franchising LLC, Planet Beach Franchising Corporation, Rancho La Puerta, Jade Mountain Resort, Hot Springs Resort & Spa, Mandarin Oriental Hotel Group, Omni Hotels & Resorts, and Six Senses Hotels Resorts Spas.
The Spa market is segmented -
By Service Type: Massage, Beauty/Grooming, Physical Fittness, Other Service Types
By Facility Type: Hotel/Resorts Spa, Destination Spa, Day/Salon Spa, Medical Spa, Mineral Spring Spa, Other Facility Types
By End User Sex: Male, Female
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Spa market.
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A spa is a facility which provides a range of services for health management and body relaxation, including saunas, pools, steam rooms, medical spas, day spas, mineral springs spas, mud baths, and ayurvedic spas.
The Table Of Content For The Spa Market Include:
1. Executive Summary
2. Spa Market Characteristics
3. Spa Market Trends And Strategies
4. Spa Market - Macro Economic Scenario
5. Spa Market Size And Growth
……
26. Africa Spa Market
27. Spa Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Spa Market
29. Spa Market Future Outlook and Potential Analysis
30. Appendix
The "Global Spa Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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