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Latin America Spa Market Size, Share, Trends, Forecast: By Type: Hotel and Resort Spa, Salon Spa, Medical Spa, Thermal Spring Spa, Destination Spa, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Latin America Spa Market Analysis by Region
Wellness is gaining importance among the population of Brazil catering to an increased number of lodging facilities that offer spas. Cities such as Poços De Caldas in Brazil have grown to be bustling spa towns, with many resorts due to the increased demand for self-care and wellness.
Cities such as Buenos Aires offer luxurious spa hotels with soothing treatments such as facials, body care, massage, manicures, hand and foot care, whirlpool, body scrub, and aromatherapy steam bath along with rooms with cityscape views, attracting tourists to experience the services offered.
Luxury hotel spas can be found in Mexico's coastal resorts of Riviera Maya or Cabo San Lucas. Natural hot springs are abundant in Mexico and attract both tourists and residents alike. In the country, there are resort-like hot springs that are often accompanied by additional amenities such as day spas and, in some cases, on-site lodging.
Latin America Spa Market Report Snapshots
Latin America Spa Market Trends
Latin America Spa Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Latin America Spa Market Overview
7.1 Key Industry Highlights
7.2 Latin America Spa Historical Market (2018-2023)
7.3 Latin America Spa Market Forecast (2024-2032)
8 Latin America Spa Market by Type
8.1 Hotel and Resort Spa
8.1.1 Historical Trends (2018-2023)
8.1.2 Forecast Trends (2024-2032)
8.2 Salon Spa
8.2.1 Historical Trends (2018-2023)
8.2.2 Forecast Trends (2024-2032)
8.3 Medical Spa
8.3.1 Historical Trends (2018-2023)
8.3.2 Forecast Trends (2024-2032)
8.4 Thermal Spring Spa
8.4.1 Historical Trends (2018-2023)
8.4.2 Forecast Trends (2024-2032)
8.5 Destination Spa
8.5.1 Historical Trends (2018-2023)
8.5.2 Forecast Trends (2024-2032)
8.6 Others
9 Latin America Spa Market by Country
9.1 Brazil
9.1.1 Historical Trends (2018-2023)
9.1.2 Forecast Trends (2024-2032)
9.2 Argentina
9.2.1 Historical Trends (2018-2023)
9.2.2 Forecast Trends (2024-2032)
9.3 Mexico
9.3.1 Historical Trends (2018-2023)
9.3.2 Forecast Trends (2024-2032)
9.4 Chile
9.4.1 Historical Trends (2018-2023)
9.4.2 Forecast Trends (2024-2032)
9.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Operating Cost in Spa Market
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Velas Resorts
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Marriott International, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Hyatt Hotels Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Four Seasons Hotels Limited
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Mira Serra Parque Hotel
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Hilton Worldwide Holdings Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Kurotel
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Llao Llao Resort, Golf & Spa
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Lapinha Spa
12.2.9.1 Company Overview
12.2.9.2 Product Portfolio
12.2.9.3 Demographic Reach and Achievements
12.2.9.4 Certifications
12.2.10 Lake Vilas Charm Hotel
12.2.10.1 Company Overview
12.2.10.2 Product Portfolio
12.2.10.3 Demographic Reach and Achievements
12.2.10.4 Certifications
12.2.11 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Spa Market: Key Industry Highlights, 2018 and 2032
2. Latin America Spa Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Latin America Spa Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Latin America Spa Historical Market: Breakup by Country (USD Billion), 2018-2023
5. Latin America Spa Market Forecast: Breakup by Country (USD Billion), 2024-2032
6. Latin America Spa Market Structure
Key Questions Answered in the Report
The market attained a value of USD 8.33 billion in 2023.
The market is estimated to grow at a CAGR of 6.4% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 14.32 billion by 2032.
The key drivers of the market are rising tourism activities, increasing importance of health and wellness, and expansion of hotels and spa centres.
The key trends fuelling the growth of the market include the increased demand for organic and natural therapies and the increasing popularity of therapeutic and relaxing spa treatments.
The major regional markets are Mexico, Brazil, Argentina, Chila, and others.
The various types include hotel and resort spa, salon spa, medical spa, thermal spring spa, destination spa, and others.
The key players in the market include Velas Resorts, Marriott International, Inc., Hyatt Hotels Corporation, Four Seasons Hotels Limited, Mira Serra Parque Hotel, Hilton Worldwide Holdings Inc., Kurotel, Llao Llao Resort, Golf & Spa, Lapinha Spa, and Lake Vilas Charm Hotel, among others.
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