The Consulting Initiative has released the first-ever spa/wellness/fitness consultancy survey results data in the form of an infographic. More than 60 spa and wellness industry consultants were interviewed for the survey, working on behalf of real estate developers, hotel and resort owners/operators, and spa owner/operators. The resulting data findings help to define the scope of the sector.
Some key findings include:
- More than half of project engagements had an average cost of more than $1.5 million.
- The largest portion of new spa and wellness projects take between 12–18 months to be completed.
- The benefits of utilizing a consultant include decreased operational costs; cost savings in design, procurement and training; and expenses outweighed by increased speed to profitability.