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.