spa resorts market trend analysis, spa resorts industry size, spa resorts market key players, spa resorts market outlook, spa resorts market share, spa resorts market demand
How has the spa resorts market evolved, and where is it heading next?
The spa resorts market size has grown strongly in recent years. It will grow from $82.71 billion in 2024 to $88.73 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increasing consumer interest in health and wellness, increasing disposable income, increasing focus on mental health and stress management, increasing global tourism, and an increasing number of aging individuals.
The spa resorts market size is expected to see strong growth in the next few years. It will grow to $116.36 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to continued wellness focus, greater emphasis on personalized and customized spa treatments using data and AI, higher standards and protocols for hygiene and safety, rising demand driven by the growing importance of maintaining work-life balance, and the development of comprehensive wellness tourism packages. Major trends in the forecast period include the incorporation of advanced technologies like AI, VR, and AR in treatments and customer engagement, the implementation of advanced hygiene and safety protocols, the growing popularity of retreats focused on disconnecting from digital devices and technology, incorporating local culture and traditions, and integrating wearable health devices and digital health platforms.
Get Your Free Sample of The Global Spa Resorts Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18739&type=smp
What are the key drivers behind the rapid expansion of the spa resorts market?
The increasing focus on health and wellness is expected to propel the growth of the spa resorts market going forward. Health and wellness refer to a holistic state of well-being encompassing physical, mental, and emotional health, achieved through a balanced lifestyle, proper nutrition, regular exercise, and preventive healthcare. The growing emphasis on health and wellness stems from heightened awareness of chronic diseases, the importance of mental health, advancements in medical research, and a stronger focus on preventive care and healthy lifestyles. Spa resorts contribute significantly to the increased focus on health and wellness by offering comprehensive relaxation, therapeutic treatments, and wellness programs that promote overall well-being. For instance, in November 2023, according to the statistics published by the Global Wellness Institute, a US-based nonprofit organization, the global wellness economy grew by approximately 24.4%, rising from $4.5 trillion in 2020 to $5.6 trillion in 2022. Therefore, the increasing focus on health and wellness will drive the growth of the spa resorts market.
What is the segmentation for 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
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/spa-resorts-global-market-report
Who are the most influential companies in the spa resorts market?
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
What are the most influential trends expected to drive the spa resorts market forward?
Major companies operating in the spa resorts market are focusing on developing innovative solutions, such as hospitality technology integration, to enhance the overall guest journey and optimize revenue opportunities within the hospitality sector. Hospitality technology integration in a spa reservation system refers to the seamless incorporation of advanced digital tools and software to streamline booking processes, enhance customer experiences, and optimize operational efficiency in spa services. For instance, in May 2024, Revinate, a US-based hospitality technology company, announced its integration with Book4Time, a Canada-based software company. This integration amalgamates hotel and spa reservation data, enhancing personalized marketing, guest communication, and key performance indicator (KPI) reporting, while also providing cloud-based security for data integrity. This technological advancement facilitates data-driven insights, streamlined operations, and real-time revenue management, significantly enhancing guest loyalty.
What are the major regional insights for the spa resorts market, and which region holds the top position?
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 Does The Spa Resorts Market Report 2025 Offer?
The spa resorts market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Spa resorts are luxury destinations offering a combination of accommodation and wellness services. They typically provide a range of treatments, such as massages, facials, and thermal baths, along with amenities such as fitness centers and healthy dining options. The focus is on relaxation, rejuvenation, and holistic well-being in a serene, often picturesque setting.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18739
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
