Spa Operations
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Pre-Opening Budget Planning for Spas
New spas preparing for a grand opening require a different set of budgetary considerations than an already operational spa. While an existing spa that has built a reputation in the community and has established a customer base will generate a revenue stream to cover expenses, a spa in its preopening phase usually must seek financing for the many costs incurred before its doors open to guests.
Market Research
A good feasibility study is imperative in the early stages of planning a new spa. The study should include market research of the area and your competitive set, a well-established marketing and public relations (PR) plan and an operational budget that would reflect at least the first five years—and in some cases 10 years—of operation. A feasibility study will identify how long you will need to record a return of the investment and will help you to predict whether your spa will clear a profit—or at least break even—during the first years.
Knowing what to expect—by researching spa budget tools and operations before opening day—will help pre[1]pare you for the annual process of budgeting and the day-to-day actions necessary to avoid any unhappy financial surprises. You need to know your spa business’s over[1]head by understanding your P&L’s (profit and loss statement); how to get the most from your software system through valuable reports showing KPIs (key performance indicators); how to make smart use of any downtime, such as pre-planned cross training for team members; how to take care of your staff and recruit and retain talented team members; and how to manage inventory and cost controls.
Quarterly Performance: First Report of 2024 Data
The May 2024 ISPA Snapshot Survey asked respondents to share details about their spa or company’s first quarter performance (January 1 to March 31, 2024) compared to the first quarter of 2023. The results reported that the spa industry is continuing to increase revenue and spa visits, while also filling vacant positions.
Reimagine, Redesign, Retail: 7 Tips to Craft a Spa Retail Experience from Existing Space
Purpose-built day spas or resorts will have retail spaces in mind during planning and development stages. That is a luxury not available to those attempting to retrofit a spa into an existing structure. Transforming a venue into a spa retail section requires ingenuity and creativity. These tips ensure a serene and inviting retail space—no matter what the facility was used for in its previous life.
Rejuvenation Spa: Bringing Wellness and Beauty
Located in the heart of Wisconsin’s capital, Rejuvenation Spa is dedicated to the art of achieving its name by providing guests with a restorative wellness experience. “Rejuvenation Spa serves as an oasis of relaxation and self-care amidst the bustling city life,” says Spa Manager Alexandria Benter. “Located conveniently within the city, it provides easy access for urban dwellers to unwind and recharge. With a focus on wellness and rejuvenation, the day spa aligns with Madison’s health-conscious and vibrant community, catering to those seeking holistic well-being and a respite from the urban hustle and bustle.”
Renovating a Spa for Today’s Consumer
Sooner or later, most spa owners will consider a renovation to ensure their facility continues to be relevant and attractive to customers. In the ISPA Town Hall held in December 2023, panelists shared their insights about lessons learned during renovations, including budget tips, how they selected vendor partners and the exciting new additions to their spas resulting from renovations. Town Hall panelists included Trina Jefferson of Opal Spas, Sharon Holtz of The Springs Resort and Spa, Becky Leuluai of Hilton and Jane Segerberg of Segerberg Spa Consulting LLC. ISPA Chair Patrick Huey moderated the discussion.
Driving Decisions Around Renovations and Size of Spa
“It’s more about being able to create communal experiences and having social wellness,” Sharon Holtz noted about a primary goal of spa renovations. “People need different things, and it’s how we create different environments and programming to take care of everyone.”
Restoring Calm When Chaos Appears
In the serene world of spa retreats, disaster preparation may not be at the forefront of every spa professional’s mind. Yet, as the spa industry is not immune to the unpredictable nature of our world, spa owners and directors must equip themselves with strategies that go beyond merely creating a peaceful haven. Whether facing pandemics, wars, natural disasters, local emergencies or digital exposure, a robust disaster preparedness and response plan is essential to safeguard the vitality of a spa business.
A solid disaster preparedness plan begins with acknowledging potential threats and developing comprehensive strategies. Spa leaders should conduct risk assessments that encompass a spectrum of scenarios, including natural or manmade disasters, pandemics and geopolitical unrest. Identifying vulnerabilities unique to the spa industry—such as disruptions in the supply chain or challenges in maintaining a serene atmosphere during crises—is crucial.
Retail Management | Chapter 2.3 | Synchronizing Retail with Spa Philosophy
There are many choices in today’s world of spas. With so many options for consumers to choose among, spas make themselves stand out by creating a spa philosophy, a culture within the spa that embodies its mission and core values.
Retail Management for Spas
Retail Management for Spas represents an important step in the sustainability of the spa industry. The global spa industry has experienced a great deal of change. In some countries, the industry has seen phenomenal growth and in other areas, this growth is just beginning.
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Retail Management for Spas | Chapter 1 | The Art and Science of Retail
During the 18th, 19th and 20th centuries numerous European spas flourished and were supported with full medical staffs and professional personnel. Typically spa visitors were sent to a resort spa by their home doctors in order to “take the waters” and “make a cure.”
Retail Management for Spas | Chapter 1.1 | Importance of Retail
Spas have long centered around responding to the needs of people to find relief from stress, improve their health, and enhance their overall wellness. Spas design their treatment menus around meeting these guest needs. The retail environment of a spa is a part of that entire package, one that complements and supports the spa’s philosophy.
Bob Hope was known to mention the benefits of his daily massage for feeling so well in his later life. Unfortunately, it is the rarefied few who will enjoy the benefits of a daily treatment. This is one of the reasons that retail fits in with the overall purpose of spa.