Pulse January / February 2018 - Page 40

iSPa 2017 u.S. SPa induStry Study A Steady Pace of Growth Participate in the next Spa ACCORDING TO THE ISPA 2017 U.S. SPA INDUSTRY STUDY, the spa industry is growing at a Industry Study! steady and promising pace. Not only is total spa revenue up, but the total number of spa visits shattered Be on the lookout for the 2018 records, rising above 180 million for the first time in the 18 years that the Industry Study has been survey in late conducted. January. In addition to the standard Industry Study, the Compensation Supplement is available to participants, which details the findings from the employee compensation and benefits section of the 2017 U.S. Spa Industry Study. Below, you’ll find the most telling statistics from both the Industry Study and the Compensation Supplement. US$16.8 billion Total revenue is estimated to have increased by 3.1 percent, up from US$16.3 billion in 2015 to US$16.8 billion in 2016. The increase in spa revenues was driven by a rising number of spa visits and growth in the number of spa locations. The 2016 out-turn represented the seventh year in a row of positive growth in revenues , following the decline that resulted from the 2009 Great Recession. 184 million The total number of visits to spa establish- ments is estimated to have risen from 179 million in 2015 to 184 million in 2016. The total number of visits reached a US$788,000 12,596 Average revenues per spa location rose to US$788,000 in 2015, an increase of 1.9 percent compared to revenues in 2015. 38 PULSE ■ 82% Overall, over four in five resort/ hotel spas (82 percent) reported a profit percentage of 10 percent or more, slightly up from 77 percent in 2015. SPA TYPES AT THE END OF 2016 2.3% Growth since 2015 RECORD LEVEL in 2016, rising above 180 million for the first time over the 18 years that the Industry Study has been undertaken. The average number of spa client visits per spa was 12,596 for resort/hotel spas. Day spas reported an average of 8,616 client visits per spa. 69% Almost seven in 10 spas said that revenues had increased in the past six months compared to the same period one year previously (69%). 1.7% Growth since 2015 1.2% Growth since 2015 Unchanged since 2015 16,910 1,830 1,760 610 DAY SPAS RESORT/HOTEL SPAS MEDICAL SPAS CLUB SPAS January/February 2018