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Spa

Overview of the spa industry

The global spa industry is among the world’s high-value, most extensive, and time-honoured segments. It is due to the segment’s historical connections, high turnover and comprehensiveness. For example, it features historical links to ancient European and Asian civilisations. Additionally, the word “spa” was first established in 1326. It has resulted in the development of branches that span a notable time period. These include culturally-based facilities, health resorts, thermal/mineral springs, and medical spas. The branches often overlap with each other. Examples include diverse medical, thermal, and health spas that are culturally-based facilities.

Is the industry extensive and highly valued?

The global spa segment is also of high value and extensive. For instance, in recent years, it has reached a global value of around $98.8 billion. These values are achieved by more than 181,000 enterprises that employ over 2.5 million specialists. The segment is also among the global sectors with a high focus on innovations. It is due to the chief drivers, such as the rapid development of related industries. These extend to wellness, healthcare, fitness, tourism, and hospitality. Other related segments include beauty, hobbies, lifestyle, leisure, medical, and swimming pools. Generally, the spa industry presents its latest innovations during trade expos. These include annual and biannual events in diverse countries. They attract tens of thousands of attendants.