Destination Spa Market Trends and challenges

WHAT IS DESTINATION SPA MARKET?

The market for destination spas was valued at USD 22554.00 million in 2021 and is projected to grow to USD 39926.19 million by 2029, a CAGR of 7.40% over the forecast period of 2022-2029. In addition to market insights like market value, growth rate, market segments, geographic coverage, market players, and market scenario, the market report put together by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

The persuasive Destination Spa Market report has been produced with the systematic gathering and analysis of information about individuals or organizations conducted through social and opinion research. A worldwide advertising report comprises of all the organization profiles of the key players and brands. With the studies, insights and analysis mentioned in the report get comprehensible idea about the marketplace with which business decisions can be taken quickly and easily. Market definition covered in Destination Spa Market business report studies the market drivers and market restraints with which businesses can get idea of whether to increase or decrease the production of a particular product.

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Market Definition

Spa facilities are a collective term used to describe a variety of establishments that revitalize the mind and body through facial, body massage, manicure, pedicure, body care, and other services provided by professional staff. Destination spa or a health resort is basically a resort built around a spa, like a mineral spa. The spas frequently have a favorable impact on health in some way through stress relief and health education.

COVID-19 Impact on Destination Spa Market

The recent outbreak of coronavirus had a huge impact on the destination spa market. The businesses were compelled to close or impose strict hygiene requirements and rules for their employees and visitors as a result of the coronavirus (COVID-19) pandemic, which had a huge impact on the industry. The number of spa visits would drop by more than 70% during the pandemic compared to the same time last year, according to 31% of spa sector executives surveyed globally in March 2020. Demand for spa treatments is anticipated to rise as more people maintain physically and mentally healthy lifestyles.

However, a recovery in the spa business is anticipated. Demand is rising as customers emphasize the value of their wellbeing, mental health, and stress alleviation. The current difficulty is finding and keeping enough employees, such as massage therapists and spa managers.

Recent Development

In March 2021, Zenoti, a cloud-based software provider for spas and salons, recently established a strategic alliance with Sutherland Global. Through the expansion of real-time service across chat and phone-based platforms, the company will be able to quickly resolve the majority of customer support concerns, thus enhancing the customer experience.

DESTINATION SPA MARKET SEGMENTATION

Service Type

Balneotherapy
Body Treatments
Aromatherapy
Electrolysis
Facials
Fitness Consultation
Hair Care
Ionithermie
Massage
Medical Treatment
Nail Care
Nutrition Counseling
Skin Exfoliation
Waxing
Weight Loss

End User

Male
Female

KEY POINTERS COVERED IN THE DESTINATION SPA MARKET INDUSTRY TRENDS AND FORECAST TO 2028

Market Size
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Cost of Care Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study

DESTINATION SPA MARKET COUNTRY LEVEL ANALYSIS

The countries covered in the Autonomous Robot Market report are
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
Israel
Egypt
South Africa
Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
Brazil
Argentina

BASIC QUESTIONS ASKED

Which product and application will rule Destination Spa Market?
What market dynamics are influencing and restricting the market for Destination Spa Market?
Which regional market will expand the fastest?
Which region is expected to hold the greatest market share in the Destination Spa Market?
How will patterns, roadblocks, and trends affect the global Destination Spa Market’s expansion and size?

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KEY MARKET COMPETITORS COVERED IN THE REPORT

Kindred Group PLC (Malta)
Flutter Entertainment plc (Ireland)
NetEnt AB (publ). (Sweden)
Betsson AB (publ)(Sweden)
Ladbrokes Betting Gaming Ltd. (U.K.)
888 Holdings (U.K.)
Lottery.hk (China)
The Hong Kong Jockey Club (China)
MGM Resorts International (U.S.)
Crown Resorts Limited (Australia)
Caesars Entertainment (U.S.)
Las Vegas Sands Corporation (U.S.)
Melco International Development Limited (China)
Genting Berhad (Malaysia)
Wynn Resorts Holdings, LLC (U.S.)
Galaxy Entertainment Group Limited (China)

RESEARCH METHODOLOGY: GLOBAL DESTINATION SPA MARKET

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

MAJOR TOC OF THE REPORT

Introduction
Research Methodologies
Executive Summaries
Premium Insights
Market Overview
Destination Spa Market, by Technology
Destination Spa Market, by Application
Destination Spa Market, by Type
Destination Spa Market, by Vehicle Type
Destination Spa Market, by Technology
Destination Spa Market, by Application
Destination Spa Market, by Position
Destination Spa Market, by Region
Competitive Landscape
Company Profiles
Analyst's Recommendations
Appendix

Get TOC Details- https://www.databridgemarketresearch.com/toc/?dbmr=global-destination-spa-market

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