Health and Wellness Spas in Australia - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Calm waters: Revenue is recovering as restrictions relax and allow tourists to return

Revenue in the Health and Wellness Spas industry has suffered. The industry was expanding at a solid pace until the COVID-19 pandemic, as a rising focus on health and physical appearance among the population supported growth. Increased demand from domestic and international tourists benefited industry spas through the end of 2018-19. Revenue is expected to shrink at an average annual 1.7% over the five years through 2022-23, to $545.7 million. This trend includes an estimated 6.8% revenue climb in 2022-23 off the back of massive growth in total tourist visitor nights.

Industry spas offer services like massages, facials and body treatments. The industry includes day spas, spas located at resorts, hotel spas and medical spas.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.