Issue link: https://www.ascpskindeepdigital.com/i/1403510
18 ASCP Skin Deep September/October 2021 Actenic Keratosis akt-ten-ik kerə'tōsə̇ s noun A precancerous growth that may occur because of repeated sun damage. ISPA Foundation's annual release of the "Big Five" statistics is always hotly anticipated, but perhaps more so than ever this year as we consider the effects of the COVID-19 pandemic on the US spa industry. The ISPA Foundation commissioned Pricewaterhouse Coopers (PwC) to conduct the annual study. The findings of the Big Five spa statistics—total revenue, spa visits, spa locations, revenue per visit, and the number of employees working in the United States spa industry—were revealed by PwC representatives during the 2021 ISPA Stronger Together Summit. Overall, US spa revenues fell more than 36 percent, from $19.1 billion at the end of 2019 to $12.1 billion in 2020. A reduction in spa visits, which declined just over 35 percent from 192 million in 2019 to 124 million in 2020, was likely the biggest contributor to lower revenues, as occupancy restrictions and closures limited spas' opportunities to welcome guests. The number of US spa locations also fell from 22,430 to 21,560 in 2020. While spa revenue per visit remained near the previous year's figure, falling slightly from $99.5 to $97.5, the number of total spa employees in the US spa industry fell more than 20 percent to 304,800 from an all-time high of 383,700 at the end of 2019. " This year's study was particularly important because it offers a clear snapshot of the pandemic's impact on the industry compared to last year's Big Five," says Colin McIlheney, global research director for PwC. "Despite the decline from the high points at the end of 2019, we're confident the spa industry is poised to recover well due to pent- up demand through the remainder of 2021 and into 2022. " "It comes as no surprise that the pandemic has had a tremendous impact on our industry," adds ISPA President Lynne McNees. "Though the figures themselves are stark, we are confident that our resilient industry will continue to emerge stronger than ever." ISPA members can download the full report at experienceispa.com. Big Stats Awesome Aftercare Keracell products are meant to be paired with laser treatment, injectables, microneedling, or even platelet-rich plasma (PRP) to help care for and heal skin after an advanced procedure. The skin and hair care brand uses human stem cell technology and CBD to reduce inflammation and boost collagen production. keracell.com