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Spa a booming market for Singapore
Friday, February 02, 2007
Spa numbers in Singapore have grown 63% since 2003, with 173 spas currently open and operating according to Intelligent Spas’ latest spa industry research. The high response rate to the survey enabled spa benchmarks to be calculated by type of spa (day spas versus hotel spas), as well as by key locations such as the Orchard Road area, the Marina area and the Financial District.

The report, entitled Spa Industry Profile Singapore 2003-2008, features over 800 quantitative statistics on the Singapore spa market as well as supporting qualitative trends and observations from spa owners and managers.

Some key industry totals and averages extracted from the report include:

Julie Garrow, Managing Director of Intelligent Spas stated “although the Singapore spa industry is relatively mature, it is constantly changing and spa numbers are predicted to grow another 11% over the next two years. This report provides a valuable update for businesses competing in, or supporting Singapore’s spa industry, and may be used to more accurately develop and plan spa-related products, services, campaigns and initiatives”.

Some more specific survey findings included:
Michael Verikios - Friday, February 02, 2007
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How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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