Market Analysis The Spa Industry Essay - 800 Words

MARKET SUMMARY Global statistics. Since the mid-twentieth century, the spa industry has grown significantly around the world. In 2013, the market size of the global wellness industry grew up more than 3.4 trillion U.S. dollars. According to â€Å"The Global Spa Wellness Economy Monitor Report†, the global spa industry generated $94 billion last year. Thermal/mineral springs sector of wellness industry generated $50 billion worldwide. But wellness tourism (or travel associated with maintaining or enhancing health or wellbeing) was the fastest-growing part of the industry for the past few years. The amount of the earning of this part of the industry was equal to 494 billion. For period from 2012 to 2013 number of people that had taking wellness trips grew by 12% according to U.S. spa industry revenue report for 2013 (â€Å" Statistics and facts†, n.d.). The spa industry in the United States generated 14.7 billion U.S. dollars in revenue in 2013 (â€Å" Statistics and facts†, n.d.). There are now over 20,000 spas across the U.S. including day spas where, you can get a single treatment, and spa resorts where you may stay a week or more (â€Å" Statistics and facts†, n.d.). Also there are medical spas that treat cosmetic and chronic health problems. In present time attention to wellness and healthier life style increased significantly. The spa industry seeks to provide services, which will help to heal body, mind, and spirit. Tabacchi (2010) noted, â€Å"spa leaders spoke strongly of the need forShow MoreRelatedSwot Analysis Of Carolinas Therapeutic Spa1615 Words   |  7 PagesMission Statement Carolina’s Therapeutic Spa is in Charlotte, North Carolina the queen city just walking distance from the business districts and fine restaurant on Achievement Dr. CTS is designed to make every woman and young girl feel good about themselves and their appearances. CTS is one of the few Spas in America that stays open till midnight Mon- Sat and only hire licensed train professionals. All the employee at CTS aim is to rejuvenate your senses in a soothing environment, we offer variousRead MoreCase 1-3 Canyon Ranch1383 Words   |  6 Pagesused to analyze the case and the technology that was discussed in the case. 3 3. Summary of Available Information 3 4. Pre-Analysis of the study 4 5. The analysis section 4 6. Recommendations 7 References 8 Lessons learned from the case 9 Meeting minutes 9 Case 1-3 Canyon Ranch Summary of the problem In spite of dramatic growth of the spa industry, little attention is still paid to information technologies, thus, operations remain low tech. As CIO at Canyon Ranch, basedRead MoreThe Market For High End Skin Care Products1741 Words   |  7 PagesThe Market The market for high end skin care products is a rapidly growing industry with physician branding at the heart of our skin care line. MediFace Spa will be targeting two distinct market segments. The first segment is patients of Advanced Eye Care and Aesthetic Center, who are currently consumers of the skin care line. The second segment will cater to the broader market. Furthermore our clients are seeking total body health regiments which we believe our target marketing will focusRead More day spa marketing plan Essay1302 Words   |  6 Pages Industry Overview: There are an estimated 12,100 spas throughout the United States. In the U.S. the largest spa category, accounting for seven of every ten spas, is day spa. Resort and hotel spas are the second largest, with club spas, medical spas, mineral spring spas and destination spas respectively trailing. Geographically speaking, the distribution of spas in the U.S. generally parallels that of the population distributions with the largest region being the North East. According to the ISPARead MoreSWOT Analysis1465 Words   |  6 PagesAccording to What is SWOT Anlysis (2011), SWOT analysis is an analysis used to identify the internal factors (strengths and weaknesses) of the company as well as external factors (opportunities and threats) of the company. Strength The supports from the Malaysias government for tourism industry become one of the powerful strength for this industry. According to Hamzah (2008), tourism industry gives second highest contributor after Manufacturing industry. According to Asia-Web.com (2012), LangkawiRead MoreSwot Analysis Banyan Tree1625 Words   |  7 PagesSWOT ANALYSIS ON BAYAN TREE HOLDINGS LIMITED Corporate Information Banyan Tree Holdings Limited (BTH) is a leading international manager and developer of premium resorts, hotels and spas in the Asia Pacific region, with close to 30 resorts and hotels, over 60 spas and 80 galleries; as well as three golf courses. Of which they still manages and own interests in niche resorts and hotels. Each resort typically has 50 to 100 rooms and commands room rates at high end of each property market. Its primaryRead MoreMarketing Plan For Tourism Macedon Ranges1482 Words   |  6 PagesExecutive summary This marketing plan is designed for Tourism Macedon Ranges in 2016; the marketing plan aims to build the awareness of the Macedon Ranges at the tourism domestic and international markets, in order to attract more visitations to the region. In same time, the marketing plan also aims to enhance the quality and variety of products and services provided by the Macedon Ranges to maximise customers’ satisfaction and travelling experience.. Other incredible sources of information wereRead MoreVrin Analysis of Banyan Tree1301 Words   |  6 Pagesidentified in helping Banyan Tree (BT) achieve strategic competitiveness and above-average returns. The analysis is summarized in the below table. Resources | Valuable? | Rare? | Inimitable? | Non-substitutable? | 1. Brand | Yes – BT has successfully tapped into its target market segment because of its strategic brand positioning and image. | Yes – The only resort targeting the luxury premium market then, its differentiating â€Å"Banyan Tree experience† leads consumers to choose BT over its rivals. |Read MoreClayton Industries Essay5050 Words   |  21 PagesRUNNING HEAD: CLAYTON INDUSTRIES CASE ANALYSIS CLAYTON INDUSTRIES A Case Analysis Table of Contents Executive Summary 1 Company Background 3 Problem Statement 5 Internal Factors 5 External Factors 6 Analysis 7 Industry 7 SWOT 7 Alternatives 9 Revitalize Clayton SpA 9 Absorption Chillers 11 Recommendations 13 Considerations of Peter Arnell 13 Reduce Capital Use 14 Reduce Costs 14 Rationalize Product Line 15 Align for Growth 16 Conclusion 18 ReferencesRead MoreFinancial Plan For The Third Year Of Operation Schedule926 Words   |  4 Pagesinventory turnover ratio . It is an excellent way utilize the indicator value comparing the different concept in the same bar chart. The reason for us chose those indicators as the reference, because both of these own real effect on the health industry . The item of operating expenses, sales are assessed in gross amount, the item of gross margin is measured in percentage term, the collection days are counted in days, and also inventory turnover is measured in every year. We focus on the change