Spa Resorts Market Surges to a US$ 166.4 Billion Valuation with a 6.7% CAGR by 2033 | FMI

Between 2023 and 2033, the market for spa resorts is projected to grow at a CAGR of 6.7% on average. The market is anticipated to reach a value of US$ 87 billion in 2023, and a market share of US$ 166.4 billion by 2033.

Social media platforms like YouTube, Instagram, Facebook, Snapchat etc. are being used effectively to advertise Spa resorts and they are hence seeing a lot of visitors.

There is a lot of footfall also because of the stress everyone faces in their day to day to life. And, a spa resort provides a lot of relaxation due to the massages, beauty and grooming packages.

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Spa resorts are mostly located close to the nature like the ocean, jungles etc. Being so close to the nature helps one to relax and relive their stress more easily.

Key Takeaways:

  • Medical spa is the most preferred spa type among the consumers. Under medical spa there are different treatments like prenatal, fitness and therapy. It is most preferred because people prefer to relax from their stressful life.
  • In spa resorts globally, women are the most popular customers. They like to take relaxing holidays which relieve them of their stress.
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  • It has been observed that there are more bookings done by customers through the online segment. Customers are benefitted with more discounts, offers etc. through online bookings on company websites or various social media platforms.
  • More domestic tourists’ footfall is noticed in spa resorts. This is due to the fact that each and every region has one spa resort. Only consumers who are financially stable take holidays to go and spend time in a spa resort

Key Players

  • Radisson Resorts & Spa
  • Four Seasons Hotel limited
  • Massage Envy Franchising LLC
  • Emirates Palace
  • Six Senses Hotels Resorts Spas
  • Jade Mountain Resort
  • Gaia Retreat & Spa
  • Ananda
  • Lanserhof Tegernsee
  • Others

Key Segments Covered

By Spa Type:

  • Salon/Day/Club Spa
  • Medical Spa (Prenatal, Fitness, and Therapy)
  • Hotel Spa
  • Destination Spa
  • Mineral Spa
  • Others (Pet, Baby, Mobile, and Cruise Ship)

By End User:

  • Male
  • Female

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Key Regions:

  • Latin America
  • Europe
  • Japan
  • Asia Pacific Excluding Japan
  • The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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