Singapore Spa Industry Set for Double-Digit Growth

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Singapore Spa Industry Set for Double-Digit Growth

The spa industry in Singapore is in the pink of health, judging by the growth potential of local players, the Spa Association Singapore has said.
During a three-day industry event, the association said Singapore, Langkawi, Phuket and Bali could work together to grow Southeast Asia as a preferred spa destination.
The size of the spa industry in Singapore is valued at some S$140 million a year, and it is said to be growing fast.
Spa Association Singapore says annual revenue growth can be in the double digits, and it is unfazed by competition from spas in Thailand and Indonesia.
The association says Singapore spas give good value for money because of the high quality of the services provided.
Said Peter Sng, president of Spa Association Singapore, "On a ratio of one to 10, Singapore ranks as high as nine. Whilst we may not have the ambience, the natural scenery, what we have are the service standards, the education standards, career advancement, the development of the spa concepts. All of these give us a plus one."
The association also noted that all the big local spa players have a presence in key regional resort areas, such as Bali, Phuket and Langkawi, so they have a share of the growing pie in the region.
St Gregory Spa is setting up shop in Seoul, while The Aspara will be steaming up Japan with 100 new outlets.
Banyan Tree is another spa operator which has a strong regional presence.
Instead of competing with other resorts to be the region's spa capital, the association says the spa industries in Singapore, Langkawi, Phuket and Bali should work together to grow Southeast Asia as a preferred spa destination.
And in the light of growing demand, the association says it plans to launch structured training programmes to meet the manpower shortage in the industry in Singapore.

Singapore 06/05/2005


 * Although the article is slightly dated, it provides some information about the local industry.

- wong chee tat :)