Health and Wellness Spas in the UK - Industry Market Research Report

More Relaxed: Industry Revenue is Expected to Grow in 2023-24, Supported by a Rise in International Tourist Numbers

The Health and Wellness Spas industry has benefitted from people caring more about their health. Wellness tourism has provided the industry with an expansive market of inbound clients attracted by spa towns and cities that have invested in contemporary and luxury spa businesses. However, over the five years through 2022-23, industry revenue is anticipated to decline at a compound annual rate of 0.2% to £7.6 billion. A sharp downturn in revenue was recorded in 2020-21 following the COVID-19 outbreak, which led to temporary closures of spas and social distancing restrictions. Following a significant increase in the two years through 2022-23 owing to the easing of lockdown restrictions and pent-up demand, revenue is expected to grow by 3.8% in 2023-24, supported by a rise in international tourist numbers.

Industry firms offer spa services such as 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.