PULSE POINTS
BY ERIC CALLAGHAN
ROOM TO GROW:
Strong Numbers Show the Growth of the Industry
THE 2018 ISPA U.S. SPA INDUSTRY STUDY
marked record growth in 2017 for each of the Big five
financial statistics: total revenue, spa visits, spa
locations, revenue per visit, and number of employees
for the United States spa industry. as the industry
Study celebrates its 20th year of gauging the financial
health of the spa industry in the United States, we can
once again state that 2018 saw record numbers for
each of the Big five statistics.
total spa revenue for 2018 was an estimated $18.3
billion, a 4.7 percent increase on total revenue in 2017.
this was the first industry Study report in which the
$18 billion threshold has been reached and all eyes are
now set on the $20 billion mark. colin mcilheney,
Global research Director, PWc said upon the release of
the Big 5 Statistics in august, “this remarkable
threshold [$20 billion in revenue] could be reached
during 2020.”
the other key figures in the report will of
course need to experience continued
(coNtINUED oN PAGE 20)
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PULSE
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octobEr 2019