ISPA Academy Articles

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Financial Rejuvenation: Mastering the Income Statement

October 3, 2024

Financial Management

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

Financial Management

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

Financial Management

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.

First-Time Factors: What Motivates Someone to Visit a New Spa

July 10, 2025

Research

The ISPA foundation partners with PricewaterhouseCoopers (PwC) to produce in-depth consumer research, and the newest ISPA Consumer Snapshot delivers another data-rich look into the behaviors and attitudes shaping spa experiences today. Based on a December 2024 survey that included a demographically representative population of both spa-goers and non-spa[1]goers controlled for age, sex, income and location, the report dives into five key areas: spa experience, technology, motivation, lifestyle and opportunities.

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

Fitness Assessment

This is an overall evaluation of the body’s state, measuring such aspects as flexibility, aerobic capacity, muscular fitness and body composition.

Five Tips to Increase Spa Retail Sales

June 21, 2017

Retail

When I consult with spa managers in the United States they often tell me that their number one problem is getting their staff to sell retail products. The past three years spent working in Asia has shown me that the same challenges exist.

Float Therapy

Floating, also known by the clinical name R.E.S.T. (Restricted Environmental Stimulation Therapy/Treatment/Technique), is an experience of weightlessness that is acquired by lying quietly in a dark tank, suspended in a warm solution of water and Epsom salt. The solution is about 10″ deep and so dense that you float effortlessly.

Foot Bath

A bath for cleansing, warming, soothing or disinfecting the feet.

Forbes Five Star Q&A

September 5, 2023

Spa Operations

The Forbes Five-Star criteria for spas has undergone major changes recently. Michael Conte, Forbes Travel Guide’s senior executive trainer, recently joined an ISPA Town Hall to discuss what those changes are, and to offer advice on how to ensure our spas provide extraordinary and extremely personalized services to obtain or keep those Five-Star ratings. ISPA Chair Patrick Huey moderated the event.

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