Balancing Mind, Body And Spirit | Why The Current Spa Explosion Is Still The Tip Of The Iceberg
The past decade has seen exponential growth in luxury hotel spas and spa resorts, due mainly to significant customer demand, and the fact that margins on spa operations are among the largest in the hotel industry. So what explains this dramatic rise in customer demand? Although many reasons are often cited, many link the growth primarily to aging baby boomers, and the global growth in high net worth individuals, whose stress levels and need for self-actualisation have increased along with their net worth.