Pulse September 2019 | Page 38

tWo decades of data: the story of the u.s. sPa industry study (CONtINUED FrOm PAgE 33) “That first [Consumer Snapshot Initiative] showed us how many men were going. There were a lot of assumptions and anecdotes from members about that, but we wanted to quantify it.” — lynne mcnees, ISPA President that PwC could bring knowledge of the research techniques required.” These rigorous techniques, however, meant that the study would have to be U.S.-only. To conduct a study of the same rigor and method- ological validity around the world was functionally impossible at the time, says McIlheney. “Ideally we would expand the global footprint. However, two factors encourage a pragmatic approach. First is the cost. Second is the lack in many territories of easily obtainable and robust data for compiling the key metrics, such as total revenue and visitor numbers.” In fact, collecting those key metrics in the U.S. in 1999 led directly to the creation of the Uniform System of Financial Reporting for Spas (USFRS). The USFRS helped standardize spas’ accounting practices so that revenue and profit numbers would be reliable, thereby enhancing the integrity of the Industry Study’s data. The study’s well-known ‘Big Five’ statistics were determined in close consultation with ISPA members; PwC held several focus groups at the time to put parameters around what the most foundational metrics should be. Choosing such fundamental then-isPa chairman Jane segerberg and isPa President lynne mcnees spearheaded the search for a research partner for the initial u.s. spa industry study. 36 PULSE ■ SEPtEmbEr 2019 metrics allowed ISPA and the spa industry to “watch the industry grow over time,” says McNees. Once the scope of the Study was established, PwC began collecting data the old- fashioned way: via telephone. “the other side of the coin” The initial ISPA U.S. Spa Industry Study was presented in 2000, and within a few years it had become the “defining report for the industry,” says McIlheney. However, both ISPA and McIlheney felt there was still a need to cover “the other side of the coin”: spa- goers and consumers. By 2010, ISPA members were clamoring for more data on who went to spas and why they went, as well as why certain consumers weren’t spa-goers—such information was critical to spa’s success during the height of the Great Recession. That year, ISPA again connected with PwC to begin the Consumer Snapshot Initiative, a new research program