Pulse August / September 2022 - Page 51

in 2021 . Full-time employment saw growth of 15.8 percent last year , meaning that it expanded a touch more rapidly than part-time employment , which grew 12.1 percent .
According to the study , there are approximately 45,000 job vacancies in the U . S . spa industry , 29,000 of which are for massage therapist positions .
PROFITABILITY Though staffing levels may not yet be where leaders around the industry would like them to be , spa profitability figures are more encouraging . Overall , the percentage of resort / hotel spas that reported a loss in 2021 was just two percent , down from a staggering 31 percent in 2020 . Among the rest of the industry , the percentage reporting a loss fell from 28 percent to seven percent , which is roughly in line with the historical average .
As those figures suggest , hotel / resort spa profitability in particular saw a strong recovery in 2021 , with more than a quarter of them ( 26 percent ) reporting a profit percentage ( before fixed charges ) greater than 35 percent . A further 45 percent of hotel / resort spa respondents reported a percentage of between 20 and 35 percent , meaning that 71 percent

“ Of the 31 percent of spas operating at reduced hours , a wide array of causes were cited , with staff shortages ( 70 percent ) being the most frequently reported .”

Spa profit percentage , 2021 – Resort / Hotel spas

35 + 30.1 % – 35 % 25.1 % – 30 % 20.1 % – 25 % 15.1 % – 20 % 10.1 % – 15 % 5.1 % – 10 % 0.1 % – 5 % NET LOSS
2 %
5 %
6 %
8 %
9 %
13 %
14 %
18 %
26 %
0
5
10
15
20
25
30
PERCENT OF SPAS

Profit percentage before fixed charges , 2021 - all spas ( exc . resort / hotel )

35 + 30.1 % – 35 % 25.1 % – 30 % 20.1 % – 25 % 15.1 % – 20 % 10.1 % – 15 % 5.1 % – 10 % 0.1 % – 5 % NET LOSS
3 % 5 %
8 %
7 %
9 %
11 %
12 %
21 %
24 %
0
5
10
15
20
25
30
PERCENT OF SPAS
AUGUST / SEPTEMBER 2022 n PULSE 49