Pulse September 2024 | Page 50

PULSE POINTS

ISPA members have exclusive access to spa industry data

THE 2024 ISPA U . S . SPA INDUSTRY STUDY ’ S FULL REPORT MARKS THE 25TH ANNIVERSARY OF THE SPA INDUSTRY BENCHMARK STUDY
RELEASED THIS SUMMER TO ISPA MEMBERS , the 2024 ISPA U . S . Spa Industry Study enables data-minded business leaders to discover the essential insights you need to navigate the evolving spa industry . The comprehensive 74-page report was commissioned by the ISPA Foundation to document the industry ’ s performance in 2023 amidst economic challenges such as price inflation and rising interest rates . The report offers critical data about ongoing pressures on consumer purchasing power and operational costs following the Covid-19 pandemic .
This study is invaluable for spa owners and directors seeking to understand the current landscape and make informed decisions to drive future growth . Following are a few highlights from the Spa Industry Study report .
Members may download the extensive 2024 U . S . Spa Industry Study report under the Research tab at experienceispa . com .
PRICE PER SERVICE AND SPA TYPE
FROM PAGES 29-30 OF THE STUDY
In 2023 , the average price per spa service increased by four percent from the previous year , reaching an estimated $ 120 . This upward trend was consistent across various types of services , with massages and facials both seeing a four percent increase , and body treatments experiencing a seven percent rise . Service prices varied widely , from lower-cost nail services to higher-end body treatments , with these differences remaining consistent over the past five years .
When comparing prices by type of spa , resort / hotel spas generally charged higher prices than day spas . For instance , the average cost of a massage in resort / hotel spas was almost double that in day spas , and similar disparities were observed for facials and body treatments . Hair and nail services , however , showed less price variation between spa types .
It is important to note these averages and comparisons can vary significantly across different spa establishments based on factors such as type and location .
AVERAGE PRICE PER SERVICE BY TYPE OF SPA
ALL SPAS DAY SPAS
RESORT / HOTEL SPAS
AVERAGE PRICES , 2023 COMPARED TO 2022 , 2021 , 2020 AND 2019
PER BODY TREATMENT
PER FACIAL
PER HAIR SERVICE
PER MASSAGE
PER NAIL SERVICE
PER SERVICE
PER BODY TREATMENT
PER FACIAL
PER HAIR SERVICE
PER MASSAGE
PER NAIL SERVICE
PER SERVICE
When comparing prices by type of spa , resort / hotel spas generally charged higher prices than day spas .
48 PULSE n SEPTEMBER 2024