The Europe Spa Market would witness market growth of 10.6% CAGR during the forecast period (2021-2027).
Spa consulting encompasses a wide range of services, including new spa idea, design, and branding, spa research and benchmarking, spa management and training, and other related services. Highly specialised companies, frequently managed by former high-level executives from the spa industry, as well as small divisions inside bigger consulting firms with a spa practise, characterise this sector.
Spa media, alliances, and events all play a role in supporting and promoting spas while also bringing the business together. Because these tasks are typically carried out by enterprises that are involved in all of them, they have been grouped together into one sector.
Medical costs have been rising over the world due to ageing populations and chronic diseases associated with an unhealthy modern lifestyle, highlighting the limitations of the traditional medical paradigm of sick care. The emergence of the wellness sector, which is mostly driven by consumer demand, is a direct response to this trend.
Russian visitors have boosted demand for hotel and resort spas in a number of European markets, particularly in the Baltic and Eastern European countries, not only within Russia. With the rise of increasingly varied and specialised urban spas and boutique hotel spas that cater to consumers looking to maintain health and lessen the impacts of stress and ageing, at a variety of price points and locations, the day spa market is particularly active.
The Germany market dominated the Europe Spa Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4.6 billion by 2027. The UK market is anticipated to grow a CAGR of 9.8% during (2021 - 2027). Additionally, The France market would witness a CAGR of 11.4% during (2021 - 2027).
Based on Service Type, the market is segmented into Hotel/Resorts Spa, Day/Salon Spa, Destination Spa, Medical Spa, Mineral Spring Spa, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Spa Market Size will Hit $90 Billion by 2027, at a CAGR of 11.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Planet Beach Franchising Corporation, Four Seasons Hotels Limited (Cascade Investment, L.L.C.), ME SPE Franchising, LLC, Jade Mountain, Mandarin Oriental International Limited (Jardine Matheson Holdings Limited), InterContinental Hotels Group PLC, Clarins Group SA, Lanserhof Group, Belmond Maroma Resort & SPA, and Gaia Retreat & SPA (Tattarang).
By Service Type
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