First Research US Industry Profile

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Spa Services
SIC Codes: 7991
NAICS Codes: 713940
Last Quarterly Update: 5/27/2019
Companies in this industry operate spas and wellness centers. Major US companies include destination spa chains Canyon Ranch and Golden Door, massage clinic franchise Massage Envy, day spa franchise Woodhouse Spas, and Steiner Leisure, which operates spas on cruise ships and at resorts and hotels. Major companies based outside the US include Absolute Spa (Canada), Gokurakuyu (Japan), and Grupa Uzdrowisk (Poland).
Worldwide, the industry includes about 150,000 spas that generated about $95 billion in revenue in 2017, according to the Global Wellness Institute. Among countries, the US is the largest spa market in the world based on revenue, followed by China, Germany and Japan. Rising average incomes in many emerging markets, combined with increasing awareness of health issues, are expected to drive growth.
The spa services industry in the US includes about 21,000 facilities with combined annual revenue of about $17 billion, according to the International SPA Association.
Competitive Landscape
Demand for spa services is driven by personal income, wellness tourism, and demographic trends. The profitability of individual companies depends on efficient resource use and effective marketing. Spa visits and revenue per visit are key industry metrics. Larger companies have some economies of scale in marketing and purchasing. Small companies compete by offering unique services, catering to a local market, and delivering a superior customer experience. The US fitness and recreational sports centers industry, which includes spa services, is fragmented: the top 50 companies account for about one-third of sales.
Products, Operations & Technology
Major providers of spa services are day spas (about 80% of locations); resort and hotel spas (10%); and medical spas (10%). Other providers include club ... plus:
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

02/25/2019
11/19/2018
08/20/2018
05/21/2018
02/19/2018
11/13/2017
08/07/2017
05/08/2017
01/30/2017
10/24/2016
07/25/2016
04/25/2016
01/25/2016
10/19/2015
07/27/2015
04/27/2015
01/19/2015
10/06/2014
07/14/2014
04/21/2014
01/20/2014
10/14/2013
07/22/2013
04/29/2013
02/04/2013
10/29/2012
08/06/2012
05/21/2012
02/27/2012
11/07/2011
08/08/2011
04/25/2011
01/24/2011
10/11/2010
07/19/2010
04/12/2010
01/11/2010