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February 2019 Snapshot Survey — Philanthropy

February 20, 2019

Topic of focus – Philanthropy

The February Snapshot Survey provides a look at philanthropic initiatives in the spa industry.

February 2023 Snapshot Survey-Quarterly Performance

September 14, 2023

The February 2023 ISPA Snapshot Survey asked respondents to share details about their spa or company’s fourth quarter performance (October 1 through December 31, 2022) compared to the fourth quarter of 2021. The results reported in this quarterly performance survey are based on member participation. The results further illustrate the spa industry’s continued recovery from the pandemic.

Compared to the same period in 2021, 82 percent of the spas surveyed reported an increase in fourth quarter revenue. Complementarily, 72 percent of spa respondents reported an increase in profits. Almost one-third (28 percent) saw profit increases exceeding 20 percent compared to the fourth quarter profits. Continuing in 2022 trends, spa visits were up for 75 percent of respondents.

February 2024 Snapshot Survey Quarterly Performance

April 11, 2024

Comparing year-over-year data gives a true estimation of an industry’s trajectory. To gauge year-end trends in the spa industry, a recent ISPA Snapshot Survey asked respondents to share details about their spa or company’s fourth quarter performance in 2023 compared to the same period in 2022.

The February 2024 survey considered data from the period between October 1 and December 31 in both years. Compared to the same period in 2022, two-thirds (67 percent) of spas surveyed reported an increase in fourth quarter revenue in 2023. More than half of spa respondents reported an increase in profits, and nearly three in five (59 percent) said spa visits were up. These numbers show spas have remained effective in meeting ever-increasing demand for spa services.

Feldenkrais (Method)

System of bodywork developed by Moshe Feldenkrais that attempts to reprogram the nervous system through movement augmented by physical pressure and manipulation.

Fighting For The Forgotten With Justin Wren

June 13, 2024

Justin Wren began his address to ISPA members by honoring Alex Szekely’s dedication to making a difference. He then recounted some of his life experiences that instilled a passion for “fighting for the forgotten.”

Wren shared that he was bullied as a child and felt alone until he became interested in wrestling. When he was in high school, his parents sent him away from home to train with Olympic wrestling coaches, and he continued training after high-level success in high school.

Financial Balance: Mastering the Cash Flow Statement

April 9, 2025

The cash flow statement—also called the statement of cash flows—is a crucial financial report for spa owners. It reveals the origins of the spa’s cash and how it is being utilized. As the saying goes, cash is king. Understanding the sources of cash inflow offers essential insights for informed decision making. Cash flow management is important to determine whether to invest in new equipment, expand services or hire additional staff, all while ensuring the business remains financially healthy and sustainable.

Financial Rejuvenation: Mastering the Income Statement

October 3, 2024

Just as various spa treatments work together to rejuvenate each guest’s body and mind, the elements of the income statement converge to determine the financial health of the spa— assessing its profitability, investment potential and creditworthiness.

An income statement is like a mirror reflecting the success of your spa’s operations over a specific period. It captures the revenues generated, the costs associated with delivering services and the expenses incurred to run the business, ultimately revealing whether the spa is operating at a profit or a loss. This vital financial document, often referred to as the “profit and loss statement,” offers insight into the overall performance of your business over a specific period, guiding you toward a more prosperous and balanced future.

 

Financial Serenity: Mastering the Balance Sheet

September 26, 2024

Understanding your spa’s balance sheet is akin to conducting a comprehensive wellness assessment. This financial statement offers a clear snapshot of your spa’s assets, liabilities and owner’s equity, providing insight into the resources at your disposal and the financial obligations you must meet. By regularly reviewing your balance sheet, you can ensure your business remains in peak financial condition, ready to thrive in a competitive market.

 

Financial Tranquility: Mastering the Statement of Equity

December 16, 2024

Maintaining a strong equity position brings peace of mind to business shareholders. Understanding and managing equity helps spa owners make strategic decisions that not only enhance their financial stability but also empower them to invest in new treatments, expand their offerings and continue providing outstanding care.

Fish Pedicure

A treatment that involves patrons dipping their feet in a tub of water filled with small Garra Rufa fish that eat away the dead skin found on people’s feet

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