Changing Lifestyles Serve to Catalyze Growth in the Global Spa Services Market


Published Date : Jun 12, 2017

ALBANY, New York, June 12, 2017: MarketResearchReports.biz has added a new report to its repository, titled, “Global Spa Services Market Size, Status, and Forecast 2022.” The report sheds light on the different prevalent market trends, its overall revenue and size, competitive dynamics and prospects going forward.          

Spas are good way to unwind and de-stress after a day’s work. In today’s fast-paced modern life, people are often seen visiting a spa either at the end of the day or at the beginning of it for a rejuvenating therapy. They are a good way to stay fit and healthy and sometimes even recommended by doctors.

Spas have mushroomed everywhere these days and have also become increasingly affordable. Certain spa treatments that are popular across the globe are Thai massage and the Miraval Spa in Arizona which offers specialized massages for their customers. Done right with proper food intake and meditation, they can have far reaching consequences on one’s health.

The report begins by providing an overview of the global spa services market and also its outlook for the future. It then goes on to segment the market depending upon various parameters. Based on type, for example, it classifies the market into hotel spa, salon spa, destination spa, and medical spa. Among them, the salon spas are the most popular as they offer a wide array of services ranging from massages to facials that are carried out by trained staff. Application-wise, there are two key segments of the market.

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Geographically, the key segments of the global spa services market are the European Union, Japan, the U.S., India, China, and Southeast Asia. Europe, among them, is one of the key regions mostly because of the rising demand from Western Europe, where specialized urban spas and boutique hotels offer differentiated services priced accordingly to customers. This has majorly boosted the demand in the region. India, China, and Southeast Asia are other prominent regions driving growth in the market on account of the increasing spending capacity of people, growing urbanization, change in lifestyle, and the resultant proliferation of spas catering to different budgets.

The report also furnishes information on the emerging technology trends in the market and the market concentration rate. It profiles all the important players operating in the market and the services offered by them. It studies their revenues and attempts to understand their future trajectory too.

The global market for spa services is highly fragmented on account of the presence of numerous local and international players that are competing with each other on the basis of price, products, and services. Competition among them is slated heat up further in the near future. Some such prominent players profiled in the report are Four Seasons Hotel, Emirates Palace, Trailhead Spa, Hot Springs Resort and SPA, Wax on Spa, and Six Senses Hotels Resorts Spas.

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