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Industry Research Released on China, Hong Kong and Vietnam

Posted: August 5, 2008

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* Of the 95 authentic spa facilities operating in Vietnam, 38% of spas were standalone day spas and 62% were destination spas co-located with accommodation.

* During 2007, the spa industry employed more than 1,000 people.

* The spa industry is forecast to grow by 11% between 2008 and 2010

“Vietnam is a very unique and interesting market, and we are pleased to initiate one of the first industry benchmarks to help spas monitor their performance and develop sound business plans as supply increases” explained Garrow. “These benchmarks will allow spa owners and managers to make informed business decisions as well as provide other businesses with valuable information so they may monitor trends and correctly address the product and service needs of spas.”

The new Vietnam Spa Benchmark Report 2007-2010 provides financial and performance benchmarks such as revenue, visitor numbers and employment, as well as key benchmark ratios including daily revenue per spa, revenue per square meter and average revenue per visit, which are critical for reliable business planning.