“Rise of Wellness Tourism in the Spa Market”
The spa market is witnessing significant growth due to the rise of wellness tourism. As travelers increasingly prioritize health and wellness during their trips, spas are becoming essential components of travel experiences. Destinations such as Bali and Tulum are capitalizing on this trend, offering luxurious spa retreats that incorporate holistic treatments and natural therapies. For instance, according to the Department of Economic and Social Affairs report, 68% of the world’s population (2.5 billion) are estimated to live in urban areas by 2050 in United Nations. Thus, rapid urbanization will boost the market growth in upcoming years.
Frequently Asked Questions
The market is segmented based on Segmentation, By Service Type (Massage, Beauty/Grooming, Physical Fitness, and Other Service Types), Facility Type (Hotel/Resorts Spa, Destination Spa, Day/Salon Spa, Medical Spa, Mineral Spring Spa, and Other Facility Types), End User (Male and Female) – Industry Trends and Forecast to 2031
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The Global Spa Market size was valued at USD 67.81 USD Billion in 2023.
The Global Spa Market is projected to grow at a CAGR of 12.6% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
