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Destination Spa Market Trends, Share, Opportunities and Forecast By 2029

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The large scale Destination Spa market document makes use of SWOT analysis and Porter’s Five Forces analysis to disclose the strengths, weaknesses, opportunities, and threats in the FMCG industry. Analysis and estimation of significant industry trends, market size, and market share are mentioned in this market survey report. The report is an important source of guidance for companies and individuals offering industry chain structure, business strategies and proposals for new project investments. This supreme Destination Spa report proves to be an indispensable document for every market enthusiast, policymaker, investor, and player.

 

Global destination spa market was valued at USD 22554.00 million in 2021 and is expected to reach USD 39926.19 million by 2029, registering a CAGR of 7.40% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.

Browse Full Report Along With Facts and Figures @ t https://www.databridgemarketresearch.com/reports/global-destination-spa-market

 Market Overview:

Spa facilities are a collective term used to describe a variety of establishments that revitalise the mind and body through facial, body massage, manicure, pedicure, body care, and other services provided by professional staff. Destination spa or a health resort is basically a resort built around a spa, like a mineral spa. The spas frequently have a favourable impact on health in some way through stress relief and health education.

COVID-19 Impact on Destination Spa Market

The recent outbreak of coronavirus had a huge impact on the destination spa market. The businesses were compelled to close or impose strict hygiene requirements and rules for their employees and visitors as a result of the coronavirus (COVID-19) pandemic, which had a huge impact on the industry. The number of spa visits would drop by more than 70% during the pandemic compared to the same time last year, according to 31% of spa sector executives surveyed globally in March 2020. Demand for spa treatments is anticipated to rise as more people maintain physically and mentally healthy lifestyles.

 

However, a recovery in the spa business is anticipated. Demand is rising as customers emphasize the value of their wellbeing, mental health, and stress alleviation. The current difficulty is finding and keeping enough employees, such as massage therapists and spa managers.

 

Recent Development

 

In March 2021, Zenoti, a cloud-based software provider for spas and salons, recently established a strategic alliance with Sutherland Global. Through the expansion of real-time service across chat and phone-based platforms, the company will be able to quickly resolve the majority of customer support concerns, thus enhancing the customer experience.

 

Some of the major players operating in the destination spa market are:

 

·       Kindred Group PLC (Malta)

·       Flutter Entertainment plc (Ireland)

·       NetEnt AB (publ). (Sweden)

·       Betsson AB (publ)(Sweden)

·       Ladbrokes Betting & Gaming Ltd. (U.K.)

·       888 Holdings (U.K.)

·       Lottery.hk (China)

·       The Hong Kong Jockey Club (China)

·       MGM Resorts International (U.S.)

·       Crown Resorts Limited (Australia)

·       Caesars Entertainment (U.S.)

·       Las Vegas Sands Corporation (U.S.)

·       Melco International Development Limited (China)

·       Genting Berhad (Malaysia)

·       Wynn Resorts Holdings, LLC (U.S.)

·       Galaxy Entertainment Group Limited (China)

 

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About Data Bridge Market Research:

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