Below you'll find a list of all posts that have been categorized as “Spa Industry”
Valued at $4.2 trillion in 2017, the wellness economy continues to expand faster than global economic growth. The Global Wellness Institute (GWI) defines wellness as the active pursuit of activities, choices, and lifestyles that lead to a state of holistic health. In 2014, GWI published the first Global Spa & Wellness Economy Monitor, measuring the size of the global wellness economy …
As wellness continues to evolve from a niche lifestyle concept into a mainstream commodity embraced by everyone from Prince Harry to Vogue magazine, the wellness industry itself also underwent a significant period of growth. The wellness industry is now said to be worth over $3.72 trillion, representing more than 5% of all global economic output. Despite being in an era …
Overview of the European Spa Market The European spa market continues to be the world’s largest due to its relatively higher average revenues. Technavio’s market research analyst predicts the European spa market will grow at a Compound Annual Growth Rate (CAGR) of close to 9% during the forecast period. The major growth driver of the European spa market is the …
The European Uniion’s General Data Protection Regulation (GDPR) came into effect on the 25th of May this year, but businesses have a year to meet all obligations. Depending on your current organizational structure, modifications to the way you currently manage data may be minimal. However, even very small European spas need to be fully prepared as fines for non-compliance can …
Experts identify future directions in wellness: from mushrooms emerging from underground to a new era of transformative wellness travel to the rise of the “wellness kitchen” When 600+ wellness experts from 40+ nations gather to debate the future of wellness, a uniquely insightful and global view of trends unfolds. That’s what transpired at the recent Global Wellness Summit (GWS), which brought together …
The Zurich-based Gottlieb Duttweiler Institute (GDI) and its research partner, the Global Wellness Institute (GWI) have issued a new report, “Wellness 2030 – The New Techniques of Happiness”. GDI is a renowned think-tank that identifies critical future trends for the economy and society. This new research report takes an in-depth look at today’s happiness providers, the wellness industry, while offering …
According to the latest International SPA Association (ISPA) U.S. Spa Industry Study, the total number of spa visits surpassed 180 million for the first time last year, and increase of 2.5 percent over 2015. Income also set a new annual record of $16.8 billion, a jump of 3.1 percent. Facilities grew to meet demand, with the total number of spas reaching 21,260, a …
Irrespective of what happens to the Chinese economy, Chinese outbound tourism will continue to be a compelling growth story. To a major extent, this will shape the future of the global wellness industry for years to come. The reasons are twofold: (1) Chinese tourists are becoming increasingly health/wellness conscious – slowly, but surely transitioning from a form of travel geared …
