More than 500 new spas opened in the US in 2017
The US spa industry’s total revenue increased by 4.3% in 2017 to total US$17.5 billion at the end of last year.
The figures come from The International Spa Association’s (ISPA) annual report, conducted by PricewaterhouseCoopers (PwC), which covers five key spa industry financial indicators: revenue, number of spa visits, number of spa locations, revenue per visit and total employees.
While the complete study won’t be released until the 2018 ISPA Conference & Expo on September 24-26 in Phoenix, Arizona, ISPA revealed numbers for its key benchmarks ahead of the event.
The number of spa visits grew by 1.6% in 2017 to 187 billion, along with an increase in revenue per visit from $91.3 in 2016 to $93.7 in 2017 – a 2.7% rise.
There was also an increase in spa doors in the country, from 21,260 in 2016 to 21,770 in 2017. With this the total number of spa employees jumped by 1.9% from 365,200 in 2016 to 372,100 in 2017.
"What is most striking this year is that every one of the key metrics has reached all-time record levels," commented Colin McIlheney, global research director at PwC.
"Perhaps the one that catches the eye is that there were more than 500 new spas open for business right across the United States in 2017. This is rapid growth by any standard and is evidence of an industry in robust health."
2017 represents the US spa industry’s eighth consecutive year of revenue growth, according to ISPA.
The Romanian spa industry also recently reported an increase in market value, to a total of €23.1 million.