Health and Beauty Spa Industry in South Africa 2017

Friday, June 9, 2017 General News
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LONDON, June 8, 2017 /PRNewswire/ -- Health and Beauty Spa Industry: Total revenue in the South African health and beauty

spa industry is estimated to have reached R1.54bn in 2016. The industry employed approximately 5,500 people and there are more than 700 spa facilities in the country. South African Spa Association (SASA) statistics reveal that many spas are linked to
hotels and resorts and that more than 80% of spas are locally-owned. Download the full report: https://www.reportbuyer.com/product/2675547/Lower than Expected Growth: Industry growth rates for 2015 and 2016 were lower than predicted by the South African Spa Benchmark Report undertaken in 2014. This was in part due to general adverse economic conditions as well as a drop in government spending on conferences and fewer foreign tourists following government's introduction of stricter visa requirements. Fitch Ratings and Standard & Poor's (S&P) both downgraded South Africa's foreign currency debt to non-investment grade (BB+), also termed junk status, which could hamper the industry in 2017.Niche Markets and Opportunities:The use of technology is on the rise with laser treatments, intense pulsed light (IPL) therapy and face-mapping machines that analyse skin becoming more commonplace. The sector is increasingly targeting the ageing population as well as men, children and teenagers. African safari spas have become popular as have mobile spas that bring a spa experience to corporate events or to bedridden clients in the home. Report Coverage:Download the full report: https://www.reportbuyer.com/product/2675547/About ReportbuyerReportbuyer is a leading industry intelligence solution that provides all market research reports from top publishershttp://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: query@reportbuyer.com  Tel: +44 208 816 85 48 Website: www.reportbuyer.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/health-and-beauty-spa-industry-in-south-africa-2017-300471338.html

SOURCE ReportBuyer



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