South America Spa Market Summary, Competitive Analysis and Forecast to 2027
Summary
Spa in South America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
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 South American spa market had total revenues of $3,355.2 million in 2022, representing a compound annual growth rate (CAGR) of 2.7% between 2017 and 2022.
- The hotel/resort spa segment accounted for the market's largest proportion in 2022, with total revenues of $1,491.8 million, equivalent to 44.5% of the market's overall value.
- The spa market started to rebound in 2021 and 2022 as vaccination rates improved and restrictions were gradually lifted. For instance, according to in-house research, the South American travel & tourism industry grew by 39% in 2022 to reach a value of $254.6 billion.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spa market in South America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the spa market in South America
- 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 South America spa market with five year forecasts by both value and volume
- What was the size of the South America spa market by value in 2022?
- What will be the size of the South America spa market in 2027?
- What factors are affecting the strength of competition in the South America spa market?
- How has the market performed over the last five years?
- Who are the top competitors in South America's spa market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do leading players follow?
- 7.3. What have been the most significant mergers/acquisitions in recent years?
- 8 Company Profiles
- 8.1. Llao Llao Resorts SA
- 8.2. Faena Hotel Buenos Aires
- 8.3. Luiza Sato Vila Mariana
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- About GlobalData
- List of Tables
- Table 1: South America spa market value: $ million, 2017–22
- Table 2: South America spa market category segmentation: % share, by value, 2017–2022
- Table 3: South America spa market category segmentation: $ million, 2017-2022
- Table 4: South America spa market geography segmentation: $ million, 2022
- Table 5: South America spa market value forecast: $ million, 2022–27
- Table 6: Llao Llao Resorts SA: key facts
- Table 7: Faena Hotel Buenos Aires: key facts
- Table 8: Tierra Hotels: key facts
- Table 9: Luiza Sato Vila Mariana: key facts
- Table 10: South America exchange rate, 2018–22
- List of Figures
- Figure 1: South America spa market value: $ million, 2017–22
- Figure 2: South America spa market category segmentation: $ million, 2017-2022
- Figure 3: South America spa market geography segmentation: % share, by value, 2022
- Figure 4: South America spa market value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the spa market in South America, 2022
- Figure 6: Drivers of buyer power in the spa market in South America, 2022
- Figure 7: Drivers of supplier power in the spa market in South America, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the spa market in South America, 2022
- Figure 9: Factors influencing the threat of substitutes in the spa market in South America, 2022
- Figure 10: Drivers of degree of rivalry in the spa market in South America, 2022
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