Pulse August 2020 | Page 68

ISPA FOUNDATION FOUNDATION ONE WORD TO SUM UP 2020 SO FAR: UNEXPECTED. I doubt anyone really predicted back in December 2019 the massive disruption that was headed our way in just a few months. Although 2020 has been a challenging year, I’ve consistently been amazed by the flexibility, adaptability and resiliency of our industry. In the end, the only way to overcome the unexpected is to remain flexible—a fact which applies to the ISPA Foundation just as it does to spas. As an organization dedicated to educating the spa industry and providing ISPA members with insightful data, we understand the importance of measuring the impact that COVID-19 has had on spa. For that reason, we have been hard at work with our research partners, PricewaterhouseCoopers (PwC), to advance the timeline for the forthcoming 2021 ISPA U.S. Spa Industry Study, which will measure the spa industry’s scope and performance in 2020. This study would typically be released in the fall of 2021. However, we know that having key data on the effects of COVID-19 as soon as possible is critical, and so we will release some of the key findings of the reports at next spring’s ISPA Conference & Expo. While the full findings will not be released until later next year, we anticipate having the ‘Big Five’ statistics—total revenue, spa visits, spa locations, total employees and revenue per visit—ready to share by next May, plus a few additional findings regarding the impact of COVID-19 on our industry. I know that the spa industry will rebuild and recover from the destructive impact of COVID-19, but we cannot arrive where we want to be without first understanding where we are now. I sincerely hope that the forthcoming research will answer this question, providing all of us with the knowledge we need to gather our bearings and set off toward a bright future for our industry. ISPA FOUNDATION BOARD OF DIRECTORS OFFICERS CHAIRMAN Frank Pitsikalis ResortSuite DIRECTORS Garrett Mersberger ISPA Chairman Brennan Evans ISPA Vice Chairman Lynne McNees ISPA President MEDICAL ADVISOR Brent Bauer, M.D. Mayo Clinic HONORARY BOARD MEMBER Deborah Szekely WELLNESS WARRIOR The ISPA Foundation wishes to thank the following supporters for their generous contributions: BENEFACTOR Dr. Howard Murad PATRON Circadia Mynd Spa & Salon ResortSuite —FRANK PITSIKALIS, ISPA FOUNDATION CHAIRMAN FUNDRAISING ADVISORS Lynelle Lynch Yvonne Smith 56 PULSE ■ AUGUST 2020