NEWS
US spa industry hits record-breaking US$21.3 billion in revenue in 2023
POSTED 24 Apr 2024 . BY Megan Whitby
The US spa industry is continuing to experience record growth in overall revenue Credit: Shutterstock/Alena Ozerova
The US spa industry has broken revenue records for the second year running, hitting US$21.3 billion by the end 2023
The findings come from the latest annual US Spa Industry Study by ISPA and PwC
The report details the core metrics of the spa industry – total revenue, spa visits, spa locations, revenue per visit and industry employment levels
The study uncovered a 5.7 per cent surge in revenue, marking a significant milestone as the industry reached its highest figure since the inception of the study's recording in 1999
The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in 2023, surpassing the previous high of US$20.1 billion in 2022.

This data stems from the 2024 edition of the annual US Spa Industry Study, conducted by PricewaterhouseCoopers (PwC) in collaboration with the International Spa Association (ISPA).

The study – run since 1999 – delves into the core metrics known as the "Big Five" of the spa industry: total revenue, spa visits, spa locations, revenue per visit and industry employment.

Comparing 2022 to 2023, the study reveals steady growth across these key financial indicators.

Revenue increased by 5.7 per cent, marking a historic peak since record-keeping began. The number of spa visits saw a slight uptick from 181 million to 182 million (+ 0.6 per cent), while the total number of US spas also experienced a modest increase from 21,790 to 21,840 (+0.2 per cent).

Additionally, revenue per spa visit rose 5.1 per cent from US$111.50 to US$117.20, reflecting increased consumer spending and demand for spa services.

Moreover, the industry witnessed a notable expansion in its workforce, with the number of employees rising 2.6 per cent from 360,700 to 370,100 by January 2024.

The insights were unveiled today (24 April) at ISPA's annual Conference & Expo in Scottsdale, Arizona.

ISPA will release the full study later this year, packed full with even more insights and data.

 


CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Leisure Management - US spa industry hits record-breaking US$21.3 billion in revenue in 2023...
21 May 2024 Leisure Management: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

24 Apr 2024

US spa industry hits record-breaking US$21.3 billion in revenue in 2023
BY Megan Whitby

The US spa industry is continuing to experience record growth in overall revenue

The US spa industry is continuing to experience record growth in overall revenue
photo: Shutterstock/Alena Ozerova

The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in 2023, surpassing the previous high of US$20.1 billion in 2022.

This data stems from the 2024 edition of the annual US Spa Industry Study, conducted by PricewaterhouseCoopers (PwC) in collaboration with the International Spa Association (ISPA).

The study – run since 1999 – delves into the core metrics known as the "Big Five" of the spa industry: total revenue, spa visits, spa locations, revenue per visit and industry employment.

Comparing 2022 to 2023, the study reveals steady growth across these key financial indicators.

Revenue increased by 5.7 per cent, marking a historic peak since record-keeping began. The number of spa visits saw a slight uptick from 181 million to 182 million (+ 0.6 per cent), while the total number of US spas also experienced a modest increase from 21,790 to 21,840 (+0.2 per cent).

Additionally, revenue per spa visit rose 5.1 per cent from US$111.50 to US$117.20, reflecting increased consumer spending and demand for spa services.

Moreover, the industry witnessed a notable expansion in its workforce, with the number of employees rising 2.6 per cent from 360,700 to 370,100 by January 2024.

The insights were unveiled today (24 April) at ISPA's annual Conference & Expo in Scottsdale, Arizona.

ISPA will release the full study later this year, packed full with even more insights and data.




Connect with
Leisure Management
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
The Well names Zeev Sharon chief development officer and announces plans for Swiss debut
The Well names Zeev Sharon chief development officer and announces plans for Swiss debut   21 May 2024

Modern US wellness brand The Well has promoted Zeev Sharon, formerly VP of real estate, to chief development officer. Sharon will oversee its .... more>>
Empowered Brands takes on Fit+ master franchise for UK and Ireland
Empowered Brands takes on Fit+ master franchise for UK and Ireland   21 May 2024

Empowered Brands has signed a deal with European staffless gym chain, Fit+, to be the master franchisor in the UK and Ireland. More than 200 .... more>>
Second Chaos Karts launches in Dubai
Second Chaos Karts launches in Dubai   21 May 2024

Live action video game experience Chaos Karts has launched in a 15,000sq ft arena in Al Quoz, Dubai. Chaos Karts is the brainchild of Tom .... more>>
Vietnam Van Gogh exhibition uses VIOSO-powered immersive installations
Vietnam Van Gogh exhibition uses VIOSO-powered immersive installations   21 May 2024

Twenty-five cameras, nine servers, 70 projectors and a range of AV technologies are being used to bring the art of Van Gogh to life in Ho Chi Minh .... more>>
Use of cinematography techniques significantly increases engagement with VR
Use of cinematography techniques significantly increases engagement with VR   21 May 2024

A study has found that the use of cinematic and video editing techniques can drastically increase the aesthetic appeal and user engagement of virtual .... more>>
PureGym hits the two million member milestone and targets 200 more locations in Europe in next four years
PureGym hits the two million member milestone and targets 200 more locations in Europe in next four years   21 May 2024

Speaking to HCM for its 2024-2025 Handbook, which will be out next month, PureGym managing director, Rebecca Passmore, says the company is on .... more>>
Company profile


Physical

Physical is the UK’s go-to, one-stop shop for commercial grade fitness equipment and flooring, with over three decades’ experience in functional training and free weights, small group training and group exercise.

View full profile>>

Catalogue gallery


Featured Supplier

Red Raion expands global presence with new Riyadh office

Red Raion expands global presence with new Riyadh office

Red Raion, the CGI studio for media-based attractions, has announced the opening of its new office in Riyadh, Saudi Arabia. More>>




in this issue

• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources



Latest jobs

Jobs Search



Civic Partnership Manager
Salary: £35,000 - £40,000 + benefits
Location: Bristol, UK
Company: Everyone Active
Fitness Instructor
Salary: £23,144 to £25,138pa
Location: Moulsecoomb, Brighton and Hove, Brighton, UK
Company: University of Brighton
Duty Manager
Salary: Competitive
Location: Clevedon
Company: Everyone Active
Diary dates
Powered by leisurediary.com

18-22 May 2024

Eco Resort Network

The Ravenala Attitude Hotel, Mauritius







Published by Leisure Media Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd