The global spa industry is growing, both in terms of consumer awareness and industry size. With growth comes opportunity which is attracting more entrepreneurs, innovators and investors who would otherwise not be interested in our sector.
New market entrants bring with them disruptive business models and the hospitality, spa and wellness arena is an easy target. Why? Because its traditional businesses require high levels of investment and fixed overheads.
Early disruptors include Airbnb and the less popular but growing Zeel. Zeel offers a digital platform that sells in-home massages which are delivered by licensed and vetted massage therapists. It’s currently operating in New York City, Long Island, North Jersey, Miami and San Francisco.
If spa owners and operators are to combat new market entrants, appropriate steps must be taken. To remain relevant, they must understand why these concepts are growing and adapt their businesses. At their core, these business-disruption concepts create community, they create acceptance, they create camaraderie and they’re convenient.
Operators should divert more focus and attention to service delivery: create small human moments in your businesses, which in total, add up to something special, something that is much deeper. Immerse yourself and your business in the internet and the various platforms of communication. Develop a community, develop original content and develop programmes and services that target the current and long-term consumer base.
Deliver an experience to your guests, which is hard to replicate. In the end, if you do this, your business will improve. Businesses such as Zeel will turn into a catalyst for growth rather than a contributor to failure.
Contact Matthew Brennan
Email: mbrennan@horwathhtl.com
Tel: +66 2 252 6281