21st Sep 2017

Record revenue for US Spas

Record revenue for US Spas

The International SPA Association (ISPA) reports that the industry continues to experience steady growth with increases in overall revenue, locations, number of spa visits, and revenue per visit.

 

The results, which form part of ISPA’s annual findings of spa industry financial indicators, also showed that revenue for the US spa industry hit an all-time high in 2016, totalling US$16.8 billion.

 

The study, carried out by PricewaterhouseCoopers (PwC), is widely considered to be the definitive assessment of the American spa industry and gathers information on the industry’s ‘Big Five’ statistics - total revenue, spa visits, spa locations, revenue per visit and number of employees.

 

In a preview of the full report, due out this month, the 2016 revenue figures represented a 3.1% increase on the US$16.3bn number recorded for 2015. The overall number of spa visits were up 2.5 per cent, rising from 179 to 184 million.

 

Spa locations increased by just 1.1%, from 21,020 in 2015 to 21,260 in 2016, and the number of people working in the spa sector saw similar growth – employee numbers rose from 359,300 in 2016 to 365,200 in 2017.

 

ISPA President, Lynne McNees, says: ‘We’re thrilled to see our industry’s hard work and dedication pay off. An increase in visits means higher demand for spa services, which demonstrates a very positive outlook.’

 

Colin McIlheney, PwC’s Global Research Director, says: ‘We are delighted to have worked together with ISPA on this challenging and hugely important survey. The survey is a valuable insight into the state of the industry in the U.S., and also serves as an important barometer on the overall health of the U.S. economy.’

 

https://experienceispa.com/

 

 

 

 

 

 

 

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