Wednesday, April 20th, 2016

The Global Spa Market 2016-2020 is a new research report added to With spa experiences delivering effective results for clients, the spa industry is now focusing on providing personalized therapies to further enhance treatment results. Clients are asked to identify specific skincare concerns or parts of the body that they want to focus on in the therapy. They can also choose the kind of treatment they want: calming, balancing, or re-energizing. Some spas offer variations of a set treatment, such as replacing a relaxing essential oil with a revitalizing one depending on the client's needs.

Complete report on spa market spread across 55 pages, analyzing 5 major companies and provides 34 data exhibits is now available at .

The analysts forecast the global spa market to grow at a CAGR of 8.7% during the period 2016-2020.According to the report, rapid globalization has resulted in the expansion and growth of the spa industry globally. Large players have established global networks to reduce their costs in the highly competitive market environment. Efficient integration of technology by stakeholders and the global reduction of trade and investment barriers have aided the globalization of the spa market. Developing countries are especially interested in attracting global players operating in the spa industry.

Day spas are the biggest contributors to the market, accounting for a market share of 78%. These spas offer a wide variety of services that include massages and facials, conducted by trained professionals on a day-use basis.

Order a copy of Global Spa Market 2016-2020 report @ .

Europe has the largest number and types of spas in the world, and the industry is expected to garner revenues of over USD 51 billion by the end of the forecast period. Despite the slow economic environment, countries in Western Europe are envisaged to exhibit a healthy market growth rate over the next few years. In this region, specialized urban spas and boutique hotels offer differentiated services to customers at different pricing options, which in turn help to bolster the prospects for market growth until 2020.

Globally, the market is quite fragmented and is characterized by the presence of both local and international players that offer innovate products and great service to meet customer requirements. The vendors in this market are adopting strategies like branding and are also differentiating their services from others to gain a competitive edge over their peers. Competition is expected to intensify during the forecast period.

Main players in the Global Spa Market are Hot Springs Resort and Spa, Massage Envy, Lanserhof, Rancho La Puerta, and St. Regis Aspen Resort. Other Prominent Vendors in the market are: Reflections Medical Spa, Young Medical Spa, Clinique La Prairie, Aspira Spa, Cal-a-Vie Health Spa, Canyon Ranch Lenox, Hand and Stone, Woodhouse Day Spa, Agua Spa, The Spa at The Oberoi, Emirates Palace Spa, Four Seasons Spa, The Mineral Spa, Terme di Saturnia Spa & Golf Resort, and Fernland Spa Thermal Mineral Springs.

Further, the report states that the shortage of skilled labor is currently one of the prime concerns in the spa industry. One of the main reasons for this shortage, which is particularly significant at the management level, is the lack of competitive training.

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Ritesh Tiwari
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Spa Market, Spa Industry, Spa Market Research Report, Spa




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