The spa resorts is poised to reach a valuation of US$ 99 Bn in 2022. Sales are projected to increase at a 12.0% CAGR, with the market size reaching US$ 125 Bn by 2032.

Social media platforms like YouTube, Instagram, Facebook, Snapchat etc. are being used effectively to advertise Spa resorts and they are hence seeing a lot of visitors.

There is a lot of footfall also because of the stress everyone faces in their day to day to life. And, a spa resort provides a lot of relaxation due to the massages, beauty and grooming packages.

Spa resorts are mostly located close to the nature like the ocean, jungles etc. Being so close to the nature helps one to relax and relive their stress more easily.

“The Spa resorts market is expanding globally because of the need to relax and spa is considered as the perfect stress buster among consumers worldwide “- Says an FMI analyst.

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Impact of COVID-19 on the Spa resorts market

Due to the rapid COVID-19 pandemic, one of the most hit markets in 2020 is the spa resorts industry. Due to lockdowns, the temporary prohibition on international travel, domestic travel restrictions, and the tourist, lodging, and food and beverage service industries have slowed down after performing well in 2019.

Changing lifestyles, and interests, and increasing disposable incomes have been changing the face of the spa resorts market globally. The health benefits associated with the spa services such as relief from stress, minimization of body pain, and the calmness offered have made spa services a major part of people’s lives. The growing interest in personal pampering and perception of a spa as a self-improvement investment is expanding the spa resorts market in dimensions across the world. Spa services include a range of services for health management and body relaxation. They include: massages, facials, body scrubs, steam baths, waxing, and nail care.

Who is winning?

Leading players of the Spa resorts are focusing on providing relaxation to their customers and convenience.

Major players present in the spa resorts in the tourism sector market are Radisson Resorts & Spa, Four Seasons Hotel limited, Massage Envy Franchising LLC, Emirates Palace, Six Senses Hotels Resorts Spas, Jade Mountain Resort, Gaia Retreat & Spa, Ananda, Lanserhof Tegernsee among others.

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