LEXINGTON, Ky., July 1 /PRNewswire/ -- The International SPA Association 2009 U.S. Spa Industry Update reveals a steady increase across the board in overall spa locations, revenues and visits. While this may seem unexpected given the current economic climate it's important to keep in mind that these numbers are from the calendar year of 2008, the first half of which was very profitable for many spas.
Geoff Thacker, Managing Partner of the Association Resource Centre suggests that, "Spa owners are starting to feel the impact of recent economic events." The annual study, conducted for nine consecutive years by Association Resource Centre Inc., is reflective of the entire U.S. spa industry.
"We are pleased to report that 2008 was another year of growth for the spa industry, but we know that we have a tough road ahead as our industry is not immune to the current economy," said ISPA President Lynne McNees. "Even though the number of spa locations are up, at a per spa level revenues and visits are slightly down and showing the early effects of the economic downfall."
2007 2008 Percent (Year End) (Year End) Change Revenue $10.9 billion $12.8 billion 17.8% Spa Visits 138 million 160 million 15.8% Locations 17,900 21,300 18.8% 2008 2009 Percent (June) (March) Change Total Employees 303,700 340,600 12.2% Full-Time 143,300 158,200 10.5% Part-Time 112,000 112,300 0.3% Contract 48,500 70,100 44.5% Square Footage 60 million 81 million square feet square feet 34.7%
Key findings include:
In addition to the Spa Industry Update, ISPA keeps up with the latest developments in the industry by conducting monthly member surveys to gauge trends in the global spa community. In June 2009, 46 percent saw an increase in the number of shorter treatments (30 minutes or less) booked, and 48 percent of ISPA members reported a decrease in the amount spent per visit when compared to the same time last year. While people are still frequenting the spa, consumers are opting for shorter, less expensive treatments to help fit their budget, while still investing in their overall wellness.
ISPA is recognized worldwide as the leading professional organization and voice of the spa industry. More details on ISPA are available on www.experienceispa.com.
CONTACT: Shelby Jones 1.859.425.5072 and firstname.lastname@example.org
|SOURCE International SPA Association|
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