Spa-ing is estimated to be a $255 billion dollar economy

The spa concept once thought only for the pampering of the rich and famous has become a global phenomenon. According to the first-ever Global Spa Economy Report – the spa economy is estimated to be over $250 billion annually. The findings were unveiled at the 2008 Global Spa Summit in New York reporting the latest trends and numbers from 2007.

Beauty, nutrition and fitness increased the total revenues to $1 trillion
The spa industry brought in more than $60.3 billion in core spa industry revenues, such as spa facilities, capital investments, education, consulting, media, association, and events, plus another whopping $194 billion revenues in spa-related hospitality, tourism and real estate.

When broader spa-related industries such as beauty, nutrition, and fitness were factored in, the market exceeded $1 trillion. The global spa study from SRI International reports the spa sector is one of the first industries to organize at a global level and have a worldwide impact.

The study also split the total generated revenues by nation, the United States came on top with more than $12 billion, followed by Japan at $5.7 billion and Germany at $3.8 billion. The study included data from over 210 countries, ten times more than in previous reports.

To find more about the Global Spa Economy Report please visit Spa Trade at www.spatrade.com. Have any questions or comments please click on the comments tab below.

Dealing with Stress at the Work Place

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Job stress has become a common and costly problem in the workplace. According to a study, 40% of the American employees feel that their job is very stressful. As the issue of job related stress persist so will the employees work habits – ranging from extra sick days, decreased productivity, to even increased management problems. The cost of stress related problems to employers are estimated at about 150 billion dollars in the U.S. and 700 million pounds per year in the U.K.

Steps to relieve stress at work:

Step one: Practice non-attachment: Focus on the things you can change; distance yourself from those you can’t.

Step two: Cultivate an open mind and heart: Understand that you have strengths and weaknesses, and you will mistakes. When you do, take them as opportunities for learning, not a sign of incompetence or failure.

Step three: Balance realism and optimism: Distorting reality, either positively or negatively, can impede your ability to cope with change.

Step four: Develop confident humility: If the task is yours, act decisively; if it has been delegated to others, trust them to perform them task without interfering. This leaves both manager and staff to worry about what they are working on and not what the other person is doing.

Step five: Be constructive and impatient at the same time: Risk taking and urgency are important, but make sure staff feel safe when doing so by celebrating successes and dealing with failures constructively.

Have questions? Want to learn more about SXO's Spa Nutrition products? Please feel free to contact us via email at info@sequencexo.com or directly at (949) 608-7112.