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Significant growth for the Australian spa industry
Friday, May 16, 2008

Intelligent Spas’ new research on the Australian spa industry identified spa numbers have grown 152% over the last five years. The new Australia Spa Benchmark Report 2002-2010 features over 450 statistics including updated financial benchmarks covering revenue, visits and employment plus valuable benchmark ratios such as daily revenue per spa, revenue per visitor and revenue per square metre. Current industry trends observed by spa owners and managers and new profile benchmarks detailing infrastructure, business models and treatments are also included in the report. Many of the benchmarks are available by spa type.

Julie Garrow, Managing Director of Intelligent Spas stated “as the global economic situation changes, the need for businesses to focus on benchmarking and profitability has become essential. This timely release of high quality data from Intelligent Spas will allow businesses to fine-tune their operations for success in tougher economic times. This report combines the results of our latest survey with information collected during our previous three industry surveys to provide very reliable benchmarks and growth rates.”

“As the Australian spa industry matures, Intelligent Spas’ new Australia Spa Benchmark Report is an invaluable resource for investors, developers and existing industry stakeholders. Awareness of accurate, current industry statistics and financial data is crucial to ensure that spa facilities both in planning and current operation are able to maximise profit potential, avoid potential risk factors and be relevant for today’s marketplace. The Australasian Spa Association (ASpa) thanks Intelligent Spas for their ongoing commitment to independent spa industry research and commends all industry participants for ensuring that this data is available for the benefit of all spa industry stakeholders,” Susanne Nelson, President, Australasian Spa Association.

Key Industry Statistics

Source: Intelligent Spas, Australia Spa Benchmark Report, 2002-2010

Michael Verikios - Friday, May 16, 2008
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Poll
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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