Press release
Spa Resorts Market Set to Reach $116.36 Billion by 2029 with 7.01% Yearly Growth
Spa Resorts Market Size
Recently, there has been robust growth in the spa resorts market size. The market, currently valued at $82.71 billion as of 2024, is predicted to expand to $88.73 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. This growth in the historic period can be attributed to factors such as a rising consumer interest in health and wellness, a boost in disposable income, a growing focus on mental well-being and stress management, a surge in global tourism, and an increase in the aging population.
In the upcoming years, the spa resorts market is projected to experience robust growth, boasting a compound annual growth rate (CAGR) of 7.0%, which will bring the industry's value up to an impressive $116.36 billion by 2029. This impending expansion during the forecast period is due largely to the ongoing emphasis on wellness, the surge in personalized and tailored spa treatments which leverage data and artificial intelligence (AI), increased hygiene and safety expectations, rising demand prompted by a growing need for a balanced work-life schedule, and the crafting of integrative wellness tourism packages. Upcoming trends to look out for within the forecast period involve the adoption of latest technological advancements such as AI, virtual reality (VR), and augmented reality (AR) in offering treatments and engaging with customers. Other trends include the roll-out of enhanced safety and hygiene procedures, growing interest in retreats aimed at enabling patrons to unplug from digital devices and technology, the incorporation of local cultural practices and traditions, along with the utilization of wearable health gadgets and digital health platforms.
What Are the Forces Behind the Rapid Growth of the Spa Resorts Market?
The expansion of the spa resorts market is likely to be fueled by the growing emphasis on health and wellness. Health and wellness encompass physical, mental and emotional well-being, achieved through a balanced lifestyle, appropriate nutrition, consistent exercise, and preventive health care. This increased priority on health and wellness arises from heightened cognizance of chronic illnesses, the value of mental health, innovative advancements in medical research, and a heightened attention on preventive healthcare and fostering a healthy lifestyle. Spa resorts significantly support this growing emphasis on health and wellness by providing holistic relaxation, therapeutic treatments, and wellness initiatives that foster overall well-being. For example, data published by the Global Wellness Institute, a non-profit organization based in the United States, in November 2023 indicated that the global wellness economy increased by around 24.4%, escalating from $4.5 trillion in 2020 to $5.6 trillion in 2022. Hence, the escalating emphasis on health and wellness will propel the spa resorts market's growth.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18739&type=smp
Who Are the Dominant Companies Influencing Spa Resorts Market Trends?
Major companies operating in the spa resorts market are Marriott International Inc., Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, Four Seasons Hotels Limited, InterContinental Hotels Group PLC, Rosewood Hotel Group, Mandarin Oriental Hotel Group, Radisson Hotel Group, ME SPE Franchising LLC, The Ritz-Carlton Hotel Company LLC, Woodhouse Spas, Six Senses Hotels Resorts Spas, Banyan Tree Hotels & Resorts, Mandara Spa, Rancho La Puerta Inc., Hershey Entertainment & Resorts Company, Royal Champagne Hotel & Spa, Lanserhof Group, Fairmont Hotels & Resorts, Jade Mountain Resort, Gaia Retreat & Spa, Hand and Stone Franchise Corporation, AYANA Hospitality, Planet Beach Franchising Corporation
How Is the Spa Resorts Market Evolving?
Leading firms in the spa resorts industry are placing emphasis on creating novel solutions such as the incorporation of hospitality technology to improve the entire guest experience and maximise revenue opportunities in the hospitality sector. The integration of hospitality technology into spa booking systems refers to the effortless integration of modern digital tools and software to make booking processes more efficient, improve client interactions, and enhance operational efficiency in spa services. For example, in May 2024, Revinate, an American hospitality technology firm, revealed its collaboration with Book4Time, a Canadian software company. This partnership combines hotel and spa reservation data to enrich personalized marketing efforts, guest communication, and reporting of crucial performance indicators (KPIs), while also offering cloud-based security to maintain data integrity. This tech progression enables the generation of data-driven insights, the streamlining of operations, and the management of real-time revenue, significantly boosting guest loyalty.
What Are the Different Segmentations in the Spa Resorts Market?
The spa resorts market covered in this report is segmented -
1) By Spa Type: Salon Or Day Or Club Spa, Medical Spa, Hotel Spa, Destination Spa, Mineral Spa, Other Spa Types
2) By Type Of Resort: Beach Resorts, Mountain Resorts, Health And Wellness Resorts, Other Types Of Resorts
3) By Tourist Type: Domestic, International
4) By Booking Channel: Phone Booking, Online Booking, In Person Booking
5) By End User: Male, Female
Subsegments:
1) By Salon Or Day Or Club Spa: Day Spa, Club Spa, Wellness Centers
2) By Medical Spa: Aesthetic And Cosmetic Treatments, Anti-Aging And Skin Care Treatments, Detox And Rejuvenation Services
3) By Hotel Spa: Luxury Hotel Spas, Resort Spas, Business Hotel Spas
4) By Destination Spa: Wellness Retreats: Holistic Health Spas, Nature-Immersive Or Eco-Friendly Spas
5) By Mineral Spa: Hot Springs Spas, Thermal Bath Spas, Mud And Mineral Bath Spas
6) By Other Spa Types: Ayurveda Spa, Hammam Or Turkish Bath, Cryotherapy Or Ice Spas, Floatation Therapy Spas
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/spa-resorts-global-market-report
Which Region Is at the Forefront of the Spa Resorts Market?
North America was the largest region in the spa resorts market in 2023. The regions covered in the spa resorts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Spa Resorts Global Market Report?
- Market Size Analysis: Analyze the Spa Resorts Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Spa Resorts Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Spa Resorts Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Spa Resorts Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18739
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Spa Resorts Market Set to Reach $116.36 Billion by 2029 with 7.01% Yearly Growth here
News-ID: 3867416 • Views: …
More Releases from The Business Research Company
Rising Global Incidence Of Chronic Diseases Fueling The Diagnostic Imaging Equip …
"What Are the Projected Growth and Market Size Trends for the Diagnostic Imaging Equipment Market?
In recent years, the diagnostic imaging equipment market has seen robust growth. With a compound annual growth rate (CAGR) of 6.9%, it is projected to increase from $56.96 billion in 2024 to $60.86 billion in 2025. This growth during the historic period is due to factors such as an aging population, an increase in disease burden,…
Deep Sea, Coastal, And Great Lakes Market Forecast 2025-2034: Evaluating Growth …
"What Is the Forecasted Market Size and Growth Rate for the Deep Sea, Coastal, And Great Lakes Market?
The market size for the deep sea, coastal, and great lakes has exhibited robust growth in recent years. The market value is projected to escalate from $594.12 billion in 2024 to $630.33 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%. This growth throughout the historical phase can be credited…
Shaping the Consumer Drones Market in 2025: Innovative Dji Mini 4 Pro Sets New S …
"How Big Is the Consumer Drones Market Expected to Be, and What Will Its Growth Rate Be?
Recent years have seen a swift expansion in the size of the consumer drones market. The market value, which stands at $6.64 billion in 2024, is predicted to rise to $7.84 billion in 2025, reflecting a compound annual growth rate (CAGR) of 18.1%. Factors contributing to the growth during the historic period include a…
Leading Growth Driver in the Collaboration Software Market in 2025: Remote Work' …
"What Are the Market Size and Growth Forecast for the Collaboration Software Market?
The market size for collaboration software has seen consistent growth over the past few years. The market value is expected to increase from $13.83 billion in 2024 to $14.26 billion in 2025, with a compound annual growth rate (CAGR) of 3.1%. Factors such as globalization and the rise of remote work, greater adoption of cloud computing, increased mobility…
More Releases for Spa
Spa Services Market by Type (Salon Spa, Hotel Spa, Medical Spa, Destination Spa, …
A new report published by Allied Market Research, titled, Spa Services Market - Global Opportunity Analysis and Industry Forecast, 2014 - 2022, projects that the global spa services market would reach $154.6 billion by 2022. Medical spa is expected to register the fastest growth, during 2016-2022, owing to massive developments in medical field. Europe accounted for the largest market share of about 39.1%, followed by Asia-Pacific and North America, in…
Spa Market 2019: Top Key Players are Hot Springs Resort & Spa, Lanserhof, Aspira …
Spa Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry.
Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13738896
Global Spa market 2019 research provides a basic overview of the industry including definitions, classifications, applications…
Global Spa Services Market Outlook 2019: Salon Spa, Hotel Spa, Medical Spa, Dest …
“Spa Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2018-2023” provides a deep and thorough evaluation of the spa by type (salon spa, hotel spa, destination spa, medical spa, mineral/thermal spa, and other spas); and by geography (North America, Europe, Asia-Pacific, Latin topical America and Middle East & Africa). The report also analyses the competitive structure of the spa and provides the profiles of major…
Spa Market Huge Growth | Four Seasons Spa, The Bulgari Spa, Thermae Bath Spa
A new independent 115 page research with title 'Global Spa Market Report 2018' guarantees you will remain better informed than your competition. The study covers geographic analysis that includes regions like North America, Europe, Asia, South America, Other Country and important players/vendors such as Lanserhof, Ritz Carlton, Clarins, Fonteverde, Lefay Resort & Spa Lago di Garda etc. With n-number of tables and figures examining the Global Spa Market, the research…
Spa Services Market by Type (Salon Spa, Hotel Spa, Medical Spa, Destination Spa, …
Global Spa Services Market projects that the market would reach $154.6 billion by 2022. Medical spa is expected to register the fastest growth, during 2016-2022, according to new research published by Allied Market Research. Europe accounted for the largest market share of about 39.1%, followed by Asia-Pacific and North America, in 2015. LAMEA region is expected to witness the highest growth, owing to rising investments into tourism industry in countries…
Spa Services Market by Type (Salon Spa, Hotel Spa, Medical Spa, Destination Spa, …
Global Spa Services Market projects that the market would reach $154.6 billion by 2022. Medical spa is expected to register the fastest growth, during 2016-2022. Spa services refer to a collective term assigned for various services such as facial, body massage, manicure, pedicure, body treatment and others provided under expert administrations that revitalizes the brain and body.
Access Full Summary @ https://www.alliedmarketresearch.com/spa-market
These personalized services are efficiently designed to deliver fitness, peace…
