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Global Spa Market Growth Prospects, Future Industry Landscape 2032 | Canyon Ranch, Emirates Palace, Four Seasons Hotels Limited, Grand Resort Bad Ragaz AG
Spa Global Market Report
The Business Research Company's Spa Global Market Report 2023 identifies the 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 will grow 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 market size of global spa is expected to grow to $95.56 billion in 2027 at a CAGR of 10.4%.
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Major players in the spa market are 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.
A key trend in the Spa market includes the Technological advancements are the key trends gaining popularity in the spa market. Many spas are using various technologies to provide innovative services to customers.
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The Spa market is segmented -
1) By Service Type: Massage, Beauty/Grooming, Physical Fittness, Other Service Types
2) By Facility Type: Hotel/Resorts Spa, Destination Spa, Day/Salon Spa, Medical Spa, Mineral Spring Spa, Other Facility Types
3) 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.
The Business Research Company's "Global Spa Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
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
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