Key West spa, FL – Key West, Florida, October 16, 2017 – If you like your spa a little more expensive, you’re not alone.
A new study by an investment banking firm says that luxury resorts and beauty salons across the country could be a bit of a bust if you’re trying to compete with more affordable competitors.
“The most expensive resorts in the U.S. have an average annual revenue per resort that’s about $2,000,000,” said Paul J. Stoll, managing director of Bain Capital.
“But in a competitive market, you’ll get to compete for a little bit less.
That’s a big difference.”
Stoll said that when a resort’s annual revenue was $1 million, they’d be competitive.
“And if you do a little math, you realize that $1,000 per day would be roughly half the average revenue for the top 25 resort chains,” he said.
Stoller added that the more expensive resorts also attract people who want to get their hands dirty and enjoy some spa services, such as massage, and who want the spa experience to be as luxurious as possible.
But there are a few caveats.
“A lot of these resorts have the best amenities and amenities, but you’re competing with people who are more willing to pay $5,000 or $10,000 for a spa, and you’re also competing with the same kinds of people who might want to pay a lot more,” Stoll said.
“So you’re going to have to make sure you’re keeping those margins low to really make a dent in the marketplace.”
The study examined over 1,000 resorts, with the goal of determining how much they could make off of each of the top 100 resorts in terms of daily visitor numbers.
The analysis included data from the 2016-17 season and the year before that.
The data was weighted to reflect the average attendance at each resort.
For example, a resort with 10,000 visitors in the past year would have an adjusted average daily attendance of $1.6 million.
According to Stoll’s study, the average average daily revenue for resort chains in the United States was $6,800 in the 2016 season.
The average daily income for the industry was $11,000 in the 2017 season.
However, the study found that resort chains that attract people from more affluent areas of the country, such a resorts in California, Florida and New York, can make a lot of money from their guests.
“[They] have the lowest turnover of any industry,” Stoller said.
Stoller added the study also found that a resort could make money by offering spa treatments and other services that could lower prices.
In addition, Stoll found that resorts could make a profit by focusing on their resort’s amenities and making it a more affordable experience for customers.
“There’s a lot that you can do in a resort to make it as affordable as possible, including offering more spa treatments, having a spa that has fewer bathrooms, making it easier to use your phone while you’re there,” Stell said.
The study found the average daily revenues at a handful of luxury resorts in Florida and California were $5.8 million, $7.9 million, and $9.5 million in the most recent fiscal year, respectively.
In addition, the data showed the average income at the top resorts in those states was $24.3 million in 2016-2017, $33.4 million in 2017-2018, and nearly $70 million in 2018-2019.
On the other hand, the most expensive resort chains were those in New York City, where average daily visitor revenues were $3.3 billion.
The other four most expensive destinations in the country were Miami, New Orleans, Las Vegas, and Las Vegas Metropolitan.
If you’re thinking of trying to break into the resort business, here are some of the key considerations to consider: Cost of attendance: The average revenue per person at a resort can vary from $3,000 to $9,000.
In the same way that a spa can cost a lot, the cost of admission can be significantly higher than what the average cost of attendance at a typical resort would be.
For instance, the estimated cost of a one-night stay at a luxury resort in New Orleans is $7,500, but the average costs of a stay at that resort are $15,000 at the peak season.
This is because the average rates are adjusted for inflation, and the average rate at a place like Key West is set by the city’s tax and fee structure.
Cost per day: The cost per day can be up to $12,000 depending on how often guests can come to the resort.
A two-night stays at the luxury resort of Palm Beach in Florida costs $12 per day, while
