Pulse January / February 2020 | Page 60

SNAPSHOT SURVEY QUARTERLY PERFORMANCE OCTOBER 2019 l l l KEY TAKEAWAY: Growth for Some, Not for All THE SPA INDUSTRY AS A WHOLE continues to grow, but this recent Snapshot Survey suggests that QUARTER 3 QUARTER 3 2019 VS. 2018 2019 VS. 2018 not all spas joined in the good times equally during RESPONDENTS WHO SAW REVENUE DROP DAY SPAS WHO SAW VISITS DROP Q3 2019. When comparing Q3 2019 to Q3 2018, 27 Q4 of 2019 may have brought a big boost in business for spas. Stay tuned! percent of respondents saw revenue drop, a troubling increase over the 18 percent who 40% reported the same in 2018. A few spas saw profit shrink by as much as 20 percent or more. 40 percent of day spas reported that spa visits were down in 27% Q3 2019—over the same time last year, only 21 percent of day spas reported the same. 18% Don’t let this get you down, though: across-the- 21% board growth generally seems to be strong, and Q4 of 2019 may have brought a big boost in business for spas who saw visits decrease. We’ll find out soon. 2019 2018 2019 TIS THE SEASON: ‘“WE ALWAYS HAVE a pumpkin carving contest, Ideas for Giving Back to Community and Coworkers this Winter we have Santa come out and take pictures with 2018 employees’ families and give gift cards to local businesses. For the community, we have a winter clothing and food drive.” “[WE’RE MAKING] some opportu- nities for the team to serve in our community by serving at the soup kitchen, animal shelter, rest home and women’s center.” “FOR THE PAST 20 YEARS we have celebrated the winter solstice as a staff. We close early that night and I decorate the breakroom table with fir, holly, fruit and other sacred herbs. There is a varying ritual where we take two pieces of paper: one to represent the thing the person wants to release this year, which is burnt. One to represent the wish for the new year, which we float in the pool with gardenias and candles.” 58 PULSE ■ JANUARY/FEBRUARY 2020