Professional Spa Services Market

Professional Spa Services Market Outlook (2023 to 2033)

The global professional spa services market is expected to be worth US$ 114.88 Billion in the fiscal year 2023, up from US$ 109.00 Billion in the fiscal year 2022. From 2023 to 2033, the market is expected to grow at a 5.4% CAGR, reaching a value of US$ 194.39 Billion by the end of 2033.

A marketing emergence that provides health management and body-soothing facilities is referred to as professional spa services. Massages, body scrubs, steam baths, beauty services, sauna baths, manicures, and pedicures are among the therapeutic treatments available. In line with this, professional spa services that provide personalized premium and super-premium perspectives through numerous wellness programs and therapies are getting prominence as they broaden their client base to include individuals who desire to relax in a relaxing environment.

Other economic expansion factors include the accessibility of natural and herbal methods and floatation therapeutic approaches, as well as the increasing use of creative advertising tactics on social media to enhance brand positioning.

According to the UK Spa Association's survey for the influence of COVID-19 on the spa industry, during the first half of 2020, 80.6% of UK participants working in the market stated their infrastructures were closed down, while 31.1% of survey respondents said they expect total revenue to reduce by 51%. However, according to the same source, 80% of clients were eager to visit these service centers either immediately or within the next few months after the lockdown was lifted.

Nonetheless, rising health and well-being awareness, particularly during pandemics, has been a motivating force for the market's growth prospects. Given the aforementioned facts and figures, the market is expected to grow at a healthy rate.

Report Attributes	Details
Anticipated Base Year Value (2022)	US$ 109.00 Billion
Expected Market Value (2023)	US$ 114.88 Billion
Projected Forecast Value (2033)	US$ 194.39 Billion
Global Growth Rate (2023 to 2033)	5.4%
Expected Growth Rate of the US Market (2023 to 2033)	5.5% CAGR
Anticipated Growth Rate of China Market (2023 to 2033)	6.8% CAGR
Prominent Players in The Global Market	China liangtse wellness spa; Clarins group; Four Seasons Hotels Limited; Gaia Retreat & SPA; GRAND AMERICA HOTELS & RESORTS; Hot Springs Resort & Spa; Hyatt hotels corporation; Jade Mountain; Lanserhof; Planet Beach; Rancho La Puerta; Rosewood Hotels; Six senses hotel resort and spa; Woodhouse Spa; Zimi Home Spa test; Kempinski Hotels S.A; Hilton Hotels & Resorts

2018 to 2022 Professional Spa Services Market Demand Analysis vs. Forecast 2023 to 2033

Due to the COVID-19 pandemic in late 2019, the spa market was one of the hardest hit in 2020. The tourist industry, hospitality, and food and beverage service businesses, which conducted well in 2019, have decelerated due to global shutdowns and provisional bans on overseas travel, as well as domestic visa restrictions. According to market research and competitive intelligence provider Fact.MR- the market for Professional Spa Services reflected a value CAGR of 4.1% during the historical period, 2018-2022.

However, since the COVID pandemic slowed down, healthy lifestyles and aspirations, as well as growing disposable incomes have transformed the professional spa service sector. The surge of interest in self-pampering, as well as the interpretation of a spa as self-improvement funding, is expected to expand the professional spa services market globally with a CAGR of 5.4% from 2023 to 2033.

Which are Some Prominent Drivers of the Professional Spa Services Market?

Increase in Wellness Tourism to act as a Key Market Driver

Burgeoning hectic lifestyle-related problems have resulted in clinical deterioration among individuals all over the world. Busy schedules and longer travel times are detrimental to the body. As a result, tourists are looking for ways to stay healthy and rejuvenated while traveling, which is expected to boost the number of clients for professional spa services.

Tourists are increasingly interested in 'green' concept-based services, and ship/cruise-based facilities including those provided by OneSpaWorld, in addition to time-saving fast service centers such as XpressSpas at airports and cab-based spa facilities. Desirable couples’ packages are being provided at destination professional spas, which are also cruising overall growth. As a consequence, increased awareness of body and mind wellness, along with the global tourism industry, is predicted to propel market growth.

Rising Popularity among Teenagers and the Elderly to Drive Demand

The market is benefiting from the increasing influence of beauty services among teenagers. Teenagers use spa services before school/college activities or proms because they want to groom remedies that will improve their appearance and tone their bodies through intensive fitness and diet programs. To capture the interest of teenagers, spa service facility stockholders are investing in appealing specialized packages, furniture décor, visual effects, and music facilities.

For example, Slieve Russell Hotel offers 'Professional Junior Treatments' services such as manicures, pedicures, and facials to guests aged 13 to 16.

Due to deteriorating health, the elderly suffers from a variety of body-related issues, including back pain, neck pain, gastrointestinal issues, and others. As a result, the older population is increasingly interested in relaxing therapies, pain management, anti-aging, and the body's internal curing packages, which is expected to boost market growth.

In January 2020, the Global Wellness Summit 2020 released its report on '10 Wellness Trends for 2020,' in which it identified wellness necessities among the elderly as a vital element. Therefore, wellness necessities among teenagers and older people are expected to drive market growth.

What are the Challenges Projected to be Faced by the Market?

High costs and strict regulations are restricting growth

The increased price of most packages, which are not inexpensive to the general public, may restrict market growth. Furthermore, governmental organizations impose several stringent regulations for conducting such types of facilities to guarantee the safety of both staff and guests.

As a result, the facility operator must conform to many rigorous regulatory frameworks while operating the business, and it must also undergo a strict investigation multiple times throughout the business cycle. This factor presents difficulties for the facility operator and is expected to restrict the professional spa services market over the forecast period.

Region-Wise Insights

What Makes North America the Largest Market for Professional Spa Services?

Popularity of body massage to drive regional market

In 2022, North America was the leading region in the professional spa service market. The North American market is expected to account for a market share of 24% of the global market in 2023. The North American market is being driven primarily by a growth in the number of lavish facilities and amenities and an increase in the popularity of full-body massage and beauty treatments in the United States and Canada.

Based on the American Massage Therapy Association's 'Massage Profession Research Report 2019', approximately 47.5 million individuals in the United States received a total of 214 million massages in 2018. This figure has risen from the 179 million massages received by 47.1 million inhabitants in 2017.

Furthermore, several enterprises are also opening centers dedicated solely to male consumers, such as New Paradise Men's Spa in New York, U.S., which offers massage and facials especially designed by men for men consumers. As a result, men's increasing use of massage, beauty, and, spa services are expected to drive the professional spa services industry expansion in North America.

Why is Europe Considered a Lucrative Region for the Professional Spa Services Market?

Europe to dominate the market over the upcoming decades

Due to the expanding disposable income of the citizenry, the European market is anticipated to keep a dominant position. The Europe market is expected to account for a market share of 37% of the global market in 2023. Increased healthcare expenditure as a result of increased well-being consciousness in the region also contributes to a higher market presence.

Furthermore, rising travel and tourism activity in European countries is fueling regional market expansion. According to the Bank of Italy's 'Survey on International Tourism,' released on June 2019, total expenses in Italy by foreign travelers in 2018 were valued at US$ 47.9 billion, a 6.5% rise over 2017.

Furthermore, Russian visitors have expanded the market for hotel and resort spas in a number of European marketplaces, especially in the Baltic and Eastern European nations, in addition to Russia. The day spa sector is especially active, with the emergence of incredibly diverse and specialized urban spas and boutique hotel spas that accommodate consumers seeking to maintain well-being and reduce the effects of anxiety and aging at a wide range of price points and places.

As a result, over the forecast period, these factors are also expected to contribute to the European professional spa services market.

Category-Wise Insights

Which Services Segment Leads the Market for Professional Spa Services?

Massage services segment to dominate the market

Spas are conventionally known for providing massage facilities for comforting body muscles, such as full-body, leg, hot stone, Thai massage, and prenatal along with couple massage, and many others. Professional massage requirement is expected to remain high due to a growing desire to live a psychologically and physically active lifestyle.

Furthermore, the prevalence of chronic diseases is anticipated to boost the demand for massage services globally. As a result of the aforementioned factors, the massage industry is projected to expand rapidly in the coming decades. The massage segment is anticipated to dominate the industry with a 35% market share in 2023.

By Type, Which Segment is Projected to Lead the Market?

Day/Salon Spa Segment is Estimated to Hold the Largest Share

The increasing adoption of spa and Beauty Salons from a variety of end-user industries is a major factor driving the demand for day spa/salon services. Day spas offer meals and spa services in addition to other amenities such as well-equipped fitness facilities, relaxation lounge areas or bars, and beauty parlors that offer nail services and other beauty treatments.

As a consequence of these factors, the day spa/salon segment is expected to dominate the market over the forecast period, accounting for 38% of the market in 2023.

Start-up Scenario

Notable start-ups have sought to strengthen their market presence by introducing novel and distinctive product lines, and the aforementioned start-ups have left no stone unturned. The following are some concrete examples of major professional spa services market start-ups:

• Edition Hotels, a premium boutique hotel collaboration between Ian Schrager and Marriott International, debuted in September 2013. EDITION Hotels declared its further global expansion by the end of 2022 in April 2021, with the introduction of eight new builds across 3 continents. New locations include Rome, Madrid, Dubai, Reykjavik, Tampa, Doha, Mexico's Riviera Maya at Kanai, and EDITION's second property in Tokyo.
• Zenoti, which was established in 2010, is a cloud-based, all-in-one software platform for professional spas and salons. Zenoti declared a strategic collaboration with Sutherland Global in March 2021. This business strategy enables the firm to enhance the user experience by broadening valuable service in both chat and phone-based portals, allowing it to resolve the vast majority of customer service issues in minutes.

Competitive Landscape

The global market is recognized by the presence of a large number of international corporations. The majority of these companies rely heavily on alliances, collaborations, and mergers and acquisitions. Some of the latest developments by key players are listed below.

• Kempinski Hotels S.A. acquired Resense Spa S.p.A. in March 2021 to provide high-end spa services to their clients.
• Hilton Hotels & Resorts launched a brand-new hotel called 'DoubleTree' in Rajasthan, India, in October 2020, to provide fitness and spa facilities.
• In February 2023, The Hyatt Hotels Corporation declared that the Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch will be renamed Grand Hyatt Scottsdale Resort & Spa in late 2024, making this the first Grand Hyatt hotel in Arizona. Xenia Hotels and Resorts, the hotel's management group, plans to spend roughly $110 million to entirely modify the property into a Grand Hyatt hotel, constructing a bold, vivid, and enhanced guest experience.

Key Segments Profiled in the Professional Spa Services Market Industry Survey

• By Services:

  • Beauty and Grooming
  • Massage
  • Physical Fitness
  • Others

• By Type:

  • Day/Salon Spa
  • Destination/Health Resorts
  • Hotel/Resort Spas
  • Medical Spas
  • Thermal/Mineral Springs Spas
  • Others

• By Customer Orientation:

  • Male
  • Female

• By Region:

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • Middle East and Africa