Key Highlights
- A spa is a facility that promotes well-being by providing therapeutic and other professional services aimed at renewing the body, mind, and spirit. Increased investment in technological advancements to provide personalized solutions and enhance the consumer experience is one of the major factor driving the market growth. Growing awareness of self-care and demand for stress relief and relaxation aids is another factor driving the growth.
- The Italian spa market had total revenues of $2,996.5 million in 2022, representing a compound annual growth rate (CAGR) of -1.5% between 2017 and 2022.
- The day/club/salon spa segment accounted for market's the largest proportion in 2022, with total revenues of $1,365.5 million, equivalent to 45.6% of the market's overall value.
- The spa market experienced a rebound in 2022 as vaccination rates improved and restrictions were gradually lifted. According to in-house research, Italy's inbound spending expenditure increased from 2021 by 83%, reaching a total of 1.7 billion in 2022. According to the publisher, Italy is on track to fully recover from the decrease in spa expenditure from inbound visitors that COVID-19 caused and exceed its levels by 2023.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spa market in Italy
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the spa market in Italy
- Leading company profiles reveal details of key spa market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Italy spa market with five year forecasts
Reasons to Buy
- What was the size of the Italy spa market by value in 2022?
- What will be the size of the Italy spa market in 2027?
- What factors are affecting the strength of competition in the Italy spa market?
- How has the market performed over the last five years?
- What are the main segments that make up Italy's spa market?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- QC Terme Srl
- ADLER Spa Resort THERMAE
- Terme Di Saturnia SRL
- Bulgari Hotel Milano