Market Overview
A spa is a place where spring or sea water medicinal baths are given to the patient. Spa services are provided to offer various health treatments, which is also known as balneotherapy. These practices are widespread and are interrelated with relaxation, and mostly practiced by tourists or travellers during vacations. There are various types of spas ranging from ayurvedic spa, thermal spa, medical spa, salon spa, Hammam spa, detox spa, relaxing and pampering spa and much more. The growing trend of travelling for relaxation, wellness, and meditation is more prominent in North America and Europe especially in countries such as Germany, France, UK, US, Canada among others. The concept of spas for wellness therapy is also booming in emerging economies with the growth of the hospitality industry in these economies. Thailand is popular for traditional spas especially Ayurvedic and Thai massage.
Global Spa Services - Part of Wellness Tourism Market: Drivers
Mainly, factors comprising hectic lifestyles, inclination towards wellness, growth in per capita income and improving standards of living are boosting the demand for global spa services as a part of wellness tourism all over the globe. The other drivers that trigger the demand for global spa services are rise in population of working class and the popularity of spas among male customers. Among all types of spas, the medical spa is the most demanding spa service which is propelling the spa service market globally; this spa service provides care within relaxing ambiance under the supervision of a medical doctor. Its rising popularity is creating a faster-growing market for wellness tourism in countries such as US, Germany, and Japan. Technological improvements and advancements in medical cures such as laser technology, Cellini, dermal fillers, ultra-therapy, etc. are also driving spa services primarily the medical spa service. Owing to massive investments in tourism infrastructure in regions such Asia Pacific and the Middle East, hotel spas and destination spas are predicted to witness remarkable growth in upcoming years.
Global Spa Services - Part of Wellness Tourism Market: Trends
There is a growing trend of curing long standing diseases or pain while relaxing during vacations; many spa centres are located at tourist destinations which attract travellers, which nowadays has become a trend among tourist destination resorts to have a complete package involving spa services, yoga, swimming and other body healing and relaxing activities. Salon Spa is a new type of spa service which is gaining popularity and emerging out as a trend for teenagers due to its affordable services and innovative marketing strategy in its offerings.
Global Spa Services - Part of Wellness Tourism Market: Restraints
Although demand for global spa services as a part of the wellness tourism market is seen significantly, there are certain factors which are hindering the growth of global spa services such as low penetration of spa services in developing countries and less availability of trained spa professionals. Furthermore, the cost of the skilled workforce is high, thereby increasing the operational cost, and further restricting the growth of the global spa services as a part of wellness tourism market.
Global Spa Services - Part of Wellness Tourism Market: Options
There are thousands of global spa services as a part of wellness tourism across the world that visitors can visit if they wish to explore. Some of the notable ones include Gaia Retreat & Spa, Four Seasons Hotel Limited, Lanserhof Tegernsee Spa, Emirates Palace, Belmond Maroma Resort & Spa, Trailhead Spa, Clarins Day Spa, Jade Mountain Resort, Six Senses Hotels Resorts Spas, Massage Envy Franchise LLC, and many others.
This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.
The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.
The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.
What Can Readers Expect from this Report?
- An overview of the sector, including the key factors that have shaped patterns and demand
- Not just data, but insights that you can incorporate in your strategic decision making
- Nuanced underlying factors that influence consumer behaviour
- Data points to understand the past, analyse the present, and project the future
- Trends that will impact the sector in the short- and long-term
- Deeper understanding of the target audience, their motivations, aspirations, and expectations from service providers
Spa Services Part Of Wellness Tourism
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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