Les Mills International
Les Mills International
Les Mills International

GSWS 2014 releases Global Wellness Economy Monitor report

by Helen Andrews | 19 Sep 2014

The global spa industry has grown by 58 per cent since 2007 and is now valued at US$94bn (€73bn, £57bn), according to research released at last week’s Global Spa & Wellness Summit (GSWS) in Marrakech, Morocco.

What’s more, the number of spa facilities worldwide has increased by 47 per cent – from 71,762 facilities in 2007 to 105,591 facilities in 2013.

These figures form part of the Global Wellness Economy Monitor, a new study conducted by GSWS’s independent research partner, SRI International. The spa industry data was an update of SRI’s 2008 Global Wellness Economy Report which was based on 2007 figures (see Spa Business, issue 4, 2008, p40).

When the global spa industry is combined with three other segments – wellness tourism, thermal/ mineral springs and wellness lifestyle products and services – SRI puts the global spa and wellness market at US$3.4tn (€2.6tn, £2tn).

Wellness tourism had an increased value of US$494bn (€384bn, £301bn) in revenues in 2013 – a 12.5 per cent rise from 2012. This growth significantly outpaces SRI’s original forecast of 9 per cent as predicted in its 2013 Global Wellness Tourism Economy research (see Spa Business, issue 4, 2013, p80).

The new Global Wellness Economy Monitor study includes the first-ever analysis of the worldwide thermal/ mineral springs market, which is worth US$50bn (€39bn, £31bn), spanning 26,847 properties across 103 nations.

The study also indicates that there’s been a boom in wellness lifestyle products and services as consumers adopt proactive approaches to health and wellness. This cluster grew by 62 per cent from 2010-2013 and represents a US$2.8tn (€2tn, £1.7tn) market – contributing the lion’s share of the spa and wellness market’s US$3.4tn (€2.6tn, £2tn) value.

The US$94bn Global Spa Industry

Revenues from spa facilities, which amounted to US$74bn (€57bn, £45bn) in 2013, form the biggest part of the global spa industry. But the overall US$94bn (€73bn, £57bn) figure also includes businesses that enable and support the sector. Spa investment capital amounts to US$19bn (€15bn, £12bn), spa education equals US$800m (€621m, £488m), spa media/ education/ events generate US$200m (€155m, £122m) and spa consulting is worth US$100m (€78m, £61m).

Europe still has the world’s largest spa market, generating US$29.8bn (€23bn, £18bn) in revenues. However, Asia-Pacific has overtaken North America to become the second largest market, but it’s a close call between the two – spa revenues in Asia-Pacific sit at US$18.8bn (€15bn, £11bn), compared to US$18.3bn (€14bn, £11bn) in North America.

Asia-Pacific also holds the distinction of having the most locations: 32,400 spas and counting.

The US$494bn Wellness Tourism Industry

SRI’s 2013 The Global Wellness Tourism Economy research was the first to highlight the wellness-focused travel segment, finding that wellness travel is growing nearly 50 per cent faster than global tourism overall. The figures were updated in the 2014 Global Wellness Economy Monitor study and show that as a US$494bn (€384bn, £301bn) industry, wellness tourism represents more than one in seven – 14.6 per cent – of all travel dollars spent worldwide.

Wellness-focused trips jumped from 524m to 586.5m from 2012-2013 and wellness tourists remain big spenders. International wellness travellers spend 59 per cent more than the average tourist, while domestic tourists spend 159 per cent more.

The US$50bn Thermal/ Mineral Springs Industry

The 2014 Global Wellness Economy Monitor study includes the first-ever benchmarking of the thermal/ mineral springs market.

While hundreds of thousands of springs occur naturally worldwide, SRI’s report only included revenue-earning springs – for example with built facilities. It segmented the industry into thermal/ mineral spring facilities that offer bathing with spa services and those without.

It was revealed that thermal/ mineral springs without spa services are far more prevalent – they account for 20,343 establishments against 6,504 that have spa facilities. However, those springs with spa services earn more than twice the revenue as the springs without spa services: US$32bn (€25bn, £20bn) against US$18bn (€14bn, £11bn) annually.

Ten countries account for 85 per cent of revenues and China and Japan comprise a staggering 51 per cent of the market, driven by the massive, ongoing investment in resorts in China and the thousands of onsens in Japan. China’s hot spring market is worth US$14.1bn (€11bn, £9bn) and Japan follows closely with a value of US$11.7bn (€9bn, £7bn). National markets in Europe make up the remaining top 10 countries.

Hot Spring/ Mineral Markets Globally:

Asia-Pacific: US$26.7bn (€21bn, £16bn)Europe: US$21.7bn (€17bn, £13bn)

Latin America: US$900m (€699m, £549m)North America: US$200m (€155m, £122m)

Middle East/ North Africa: US$200m (€155m, £122m)Sub-Saharan Africa: US$5m (€4m, £3m)

The US$2.8tn Wellness Lifestyle Products and Services Industry

Industries that help consumers to take a proactive approach to integrate wellness into their daily life were also taken into account in the Global Wellness Economy Monitor study. Collectively, these sectors represent a US$2.8tn (€2tn, £1.7tn) market share (see below).

Wellness Lifestyle Industry Values:

Beauty & anti-ageing: US$1tn (€0.8tn, £0.6tn)Healthy eating/ nutrition: US$574bn (€446bn, £350bn)

Fitness & mind-body: US$446bn (€346bn, £272bn)Preventative/ personalised health: US$433bn (€336bn, £264bn)

Complementary and alternative medicine: US$187bn (€145bn, £114bn)Wellness lifestyle real estate: US$100bn (€78bn, £61bn)

Workplace wellness: US$41bn (€32bn, £25bn)

SRI predicts that these wellness lifestyle industries will grow faster than the global spa economy, as consumers take charge of their preventative healthcare.

Related stories
18 Sep 2014

GSWS 2014 predicts ten future factors to affect the spa industry

17 Sep 2014

APSWC plans Japanese onsen study tour for 2015

10 Sep 2014

Global Spa and Wellness Summit: Day one report

10 Sep 2014

Mentors for spa management training scheme revealed at GSWS

10 Sep 2014

NZ$18.5m hot spring development planned by Wyndham Hotel Group

10 Sep 2014

Spa leaders gather in Morocco for the start of GSWS

08 Sep 2014

Michelle Gamble named vice president of business development for GSWS

28 Aug 2014

Action-packed GSWS daily agenda revealed

26 Aug 2014

Susie Ellis says human spa staff won't be replaced by robots

22 Aug 2014

Sponsored Knowledge Workshops precede the Global Spa & Wellness Summit

20 Aug 2014

What to expect at next month's Global Spa and Wellness Summit in Marrakech

18 Aug 2014

Franz Linser appointed to GSWS board of directors

15 Aug 2014

Spa mentorship programme and career resources to be unveiled at GSWS

13 Aug 2014

Romania's former health minister says national natural healing resources need protection

12 Aug 2014

Mayor of hot spring city Rotorua in New Zealand invited to GSWS

08 Aug 2014

Spafinder's Susie Ellis advises national tourism bodies to categorise their wellness activities

31 Jul 2014

Revitalize Wellness Center launches in Nairobi, Kenya

24 Jul 2014

GSWS releases information on wellness expert speeches for 2014 conference

16 Jul 2014

GSWS report to include first ever research on the global hot springs market

25 Jun 2014

GSWS invites spa stakeholders to complete vital industry survey

FEATURE: Industry insights – Forums For Change

The global spa industry has grown by 58 per cent since 2007 and is now valued at US$94bn (€73bn, £57bn), according to research released at last week’s Global Spa & Wellness Summit (GSWS) in Marrakech, Morocco. What’s more, the number of spa facilities worldwide has increased by 47 per cent – from 71,762 facilities in 2007 to 105,591 facilities in 2013. These figures form part of the Global Wellness Economy
SRI predicts that these wellness lifestyle industries will grow faster than the global spa economy as consumers take charge of their preventative healthcare / GSWS 2014
More news
News stories: 1 - 30 of 7629     
News stories: 1 - 30 of 7629     
company profile
Company profile: Robert D. Henry Architects + Interiors
Robert D Henry Architects (RDH-Architects) was founded in 1990 in New York City by Bob Henry, known as the “sensuous architect of serenity.”
BluGalaxy a Division of Blu Spas
Blu Spas
This animation showcases the beautiful concept design of BluGalaxy Spa.
Try cladmag for free!
Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
sign up
Profile: Daan Roosegaarde
"I want to demonstrate that creativity is our true capital as humans "

Rather than feeling fearful and helpless about the future, we must design a way out of the environmental problems we have created, argues the innovative Dutch designer, artist and inventor Daan Roosegaarde

Manuelle Gautrand
"The cities where you have good cultural buildings and facilities – it’s a way for people to mix, to share the city in a much deeper way"

The French architect and winner of the 2017 European Prize for Architecture tells us why she is determined to surprise

Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
NMAAHC, Washington, US
"Most clients are very focused on how buildings are used and experienced as the primary design driver"

The MD of Schmidt Hammer Lassen and the CEO of PerkinsWill tell us why their merger will help create smarter buildings driven by human behaviour

The Canova Suite, one of the hotel’s top suites, features an outdoor terrace with views across the city
Olga Polizzi is director of design for Rocco Forte Hotels and also owns two of her own hotels
"On Via Sistina, everything breathes history. At the same time I wanted to reflect the modern hunger for the fantastical - Tommaso Ziffer"

Following the highly anticipated launch of Rome’s Hotel de la Ville, Rocco Forte’s director of design reflects on a fascinating project

Landscape design: Back to nature
Alan Metcalfe
"When people are a bit scared, they gather together"

Featuring a vibrating glass platform and one of the US’s longest tree canopy walks, Whiting Forest has been designed to bring visitors closer to nature and to one another

Elina Grigoriou
"Temperature, noise level and colour affect our stress levels. As designers we should be asking ourselves, how do these things match up?"

The London-based interior designer and wellness expert hopes her new book will help readers understand how to design with wellbeing in mind

McGregor Coxall’s Adrian McGregor is leading a project to create a ‘bird airport’ in Tianjin, China
"Funding woes and murky timelines are common problems. It can be easier to make a difference one small project at a time"

From parks designed to mitigate the effects of flooding to warming huts for one of the world’s coldest cities, these projects have been designed for increasingly extreme climates

CopenHill is a “crystal clear example of hedonistic sustainability,” says BIG founder Bjarke Ingels
"It was born from the sheer anxiety of having to submit something brilliant in a very short timescale"

How a moment of desperation led to BIG’s CopenHill, the clean power plant that’s doubling as a skiing and leisure destination. Magali Robathan speaks to the architects that made it happen

cladkit product news
ASPA International launches handheld UV-C light disinfection lamp
The compact plug-in product can be used easily in a commercial spa or domestic setting to disinfect surfaces with UV-C light
Megan Whitby
For over 30 years, ASPA International has designed and built high-quality spas for the hotel, health and wellness sectors. During ...
Móz Designs columns anchor the world’s largest indoor aquarium
The design of the columns was inspired by the sea
Magali Robathan
After a two-year renovation, Oakland-based metal experts Móz Designs have unveiled their inclusion in Georgia Aquarium’s new shark gallery. Located ...
LianTronics’ glasses-free 3D Star Trek LED screen attracts attention
Magali Robathan
LianTronics’ giant curved LED wall with stunning glasses-less 3D spaceship display effect has attracted many on the street of Chengdu, ...
cladkit product news
Christie laser projectors power new Five Senses Bubble dome theatre
The dome aims to integrate technology with arts and culture
Magali Robathan
Christie® GS Series 1DLP® laser projectors are delivering vivid and lifelike visuals in a new dome theatre located in Xiong’an ...
Diamond balloon concept merges tourist attraction with advertising billboard
Magali Robathan
A group of Dutch engineers have presented a new attractions concept that combines a flying observation cabin with LED digital ...
Cosm unveils Experience Centre with ‘one of a kind’ LED dome
The new Experience Centre houses a 20m LED dome
Magali Robathan
Cosm, a global technology company that builds end-to-end solutions for immersive experiences, has unveiled its Experience Centre which houses a ...
cladkit product news
Atelier Alain Ellouz launches handcrafted precious stone lighting collection
LYRA has a sleek, cylindrical design complete with an elegant brass dimming switch
Megan Whitby
LYRA, GAMA, MONA and ATHENA are the first pieces from designer Atelier Alain Ellouz’s new.édition collection of handcrafted stone lighting ...
Siminetti unveils first glimpses of Mother of Pearl decorative surfaces inspired by the four seasons
The new winter design is finished with naturally occurring hexagonal patterns found in snowflakes
Megan Whitby
Siminetti has collaborated with British designer Chrisanna London to create a luxury Mother of Pearl decorative surface range inspired by ...
Fabio Alemanno Design uses elegant semi-precious stones to create memorable spa experiences
Alemanno believes the stones are well-placed in the spa environment thanks to their capacity to positively support physical and mental health
Megan Whitby
Fabio Alemanno Design has expanded its collection with semi-precious stones to enhance spas, wellness facilities, hotels and private residences. The ...
Sign up with CLAD for regular news updates
Les Mills International
Les Mills International