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Report indicated 5 – 7% of Spas will Not Survive the Economy

 

March 3rd, 2009

oneys-spa-closed-permanently1For many, the new year has taken some expected—and unexpected—turns, challenging most to approach the workday a bit more creatively and to think twice before making any uncalculated decisions.

It’s inspiring to hear about some of the creative solutions spa owners, managers and estheticians are implementing to keep businesses thriving in spite of what is happening in most communities—companies closing, massive layoffs and home foreclosures. What has been seen in our own ranks is the spa industry standing unified and standing strong.
Avoid becoming a statistic

An article on Washingtonpost.com states that, according to Carl A. Boger Jr., associate dean of academic programs at the Conrad N. Hilton College of Hotel and Restaurant Management at the University of Houston in Texas, 5–7% of spas nationwide won’t make it through the coming year. Don’t let your spa become part of this unpleasant statistic. Folllowing are a few suggestions to consider:

* Think value-added. What small, personalized touches can you include with your services without adding to your bottom line? Donovan’s Serenity & Wellness Spa in Alpena, Michigan, offers free LED hand treatments during facials, which doesn’t cost the spa extra because it already owns the equipment, but it introduces clients to a new element of hand care, and gives them something above and beyond the cost of the service.
* Help clients ward off their stress. Not everyone can afford to get away on vacation this year, so promote your spa as a mini-escape, as Nusta Spa in downtown Washington, D.C., has done successfully.
* Place an emphasis on staying healthy. The InterContinental San Francisco’s I-Spa recently implemented a membership program that is similar to that of a gym—with a more holistic approach.
* Consider cutting back on operating hours. The Ritz-Carlton, Tysons Corner in McLean, Virginia, recently trimmed back its hours to a six-day spa week, closing on Mondays.

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