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Health Retreats in the US Industry Data and Analysis
Since health retreats are part of the service sector, revenue is primarily influenced by changes in total recreation expenditure, leisure time and the number of domestic trips. COVID-19 made it impossible for health retreats to operate effectively because of pandemic restrictions. At the same time, fears about getting the virus caused demand for spas and the total number of domestic trips to drop significantly. These factors caused revenue to crater in 2020. As the US economy opened up, consumers started using the excess cash they received from COVID-19 subsidies, resulting in higher recreation expenditure, more domestic travel and higher corporate profit, causing downstream demand for health retreats to skyrocket. Recessionary fears have recently hampered revenue growth as concerns about future economic conditions have caused consumers to cut back on fun spending. Overall, revenue for health retreats in the United States is anticipated to creep upward at a CAGR of 0.1% during the current period, reaching $28.9 billion in 2024. This includes a 0.6% rise in that year.
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What's included in this industry analysis
IBISWorld's research coverage on the Health Retreats industry in the United States includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released January 2024.
About this industry
What's this industry report about?
The Health Retreats industry in the United States operates under the NAICS industry code OD6326. Companies in this industry operate health spas with accommodations. These include health resorts and spas that provide lodging. Players offer multi-day, single-day, destination, medical and other accommodations to households and individuals, businesses and governmental bodies. Related terms covered in the Health Retreats industry in the United States include artificial intelligence, wellness tourism and digital detox.
What's included in this industry?
Products and services covered in Health Retreats industry in the United States include Multi-day spa accommodations, Single-day spa accommodations and Destination accommodations.
What companies are included in this industry?
The Health Retreats industry in the United States is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Health Retreats industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Health Retreats industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Health Retreats industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Health Retreats industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Health Retreats industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Health Retreats industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Health Retreats industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Health Retreats industry in the United States.
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Frequently Asked Questions
What is the market size of the Health Retreats industry in the United States in 2026?
The market size of the Health Retreats industry in the United States is $28.9bn in 2026.
How many businesses are there in the Health Retreats industry in the United States in 2024?
There are 29,005 businesses in the Health Retreats industry in the United States, which has grown at a CAGR of 3.1 % between 2019 and 2024.
Has the Health Retreats industry in the United States grown or declined over the past 5 years?
The market size of the Health Retreats industry in the United States has been growing at a CAGR of 0.1 % between 2019 and 2024.
What is the forecast growth of the Health Retreats industry in the United States over the next 5 years?
Over the next five years, the Health Retreats industry in the United States is expected to grow.
What does the Health Retreats industry in the United States include?
Providing single-day accomodations and Providing multi-day accomodations are part of the Health Retreats industry in the United States.
How competitive is the Health Retreats industry in the United States?
The level of competition is high and increasing in the Health Retreats industry in the United States.
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