SNAPSHOT SURVEY
QUARTERLY PERFORMANCE
THE FEBRUARY 2023 ISPA SNAPSHOT SURVEY asked respondents to share details about their spa or company ’ s fourth quarter performance ( October 1 through December 31 , 2022 ) compared to the fourth quarter of 2021 . The results reported in this quarterly performance survey are based on member participation . The results further illustrate the spa industry ’ s continued recovery from the pandemic .
Compared to the same period in 2021 , 82 percent of the spas surveyed reported an increase in fourth quarter revenue . Complementarily , 72 percent of spa respondents reported an increase in profits . Almost one-third ( 28 percent ) saw profit increases exceeding 20 percent compared to the fourth quarter profits . Continuing in 2022 trends , spa visits were up for 75 percent of respondents .
PROFIT CHANGE
UP BY MORE THAN 50 % |
UP BY 35 – 50 % |
UP BY 20 – 34 % |
UP BY 10 – 19 % |
UP BY 1 – 9 % |
NO CHANGE |
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24 % |
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|
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20 % |
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10 % |
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12 % |
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6 % |
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|
DOWN BY MORE THAN 50 % |
DOWN BY 35 – 50 % |
DOWN BY 20 – 34 % |
DOWN BY 10 – 19 % |
DOWN BY 1 – 9 % |
NO CHANGE |
The results further illustrate the spa industry ’ s continued recovery from the pandemic .
48 PULSE n MAY / JUNE 2023