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Maximising Spa Profitability: Financial Planning for Spa and Wellness Centers

Understand the methods and tools you can use to increase sales, reduce costs and maximize profits in spas and wellness centers.

Manage profitability

Learn how to achieve the best results in spa and wellness centers

Discover ways to ensure your spa or wellness center is financially successful with this course taught by experts in the spa and wellness industry.

On the course you will explore impotant financial concepts and strategies, and learn how to apply them to your own spa or wellness center. You will get to grips with financial statements, revenue management principles, KPIs, and more. You should leave the course confident in your ability to improve the financial performance of spa and wellness centres.

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Skip to 0 minutes and 11 seconds The spa and wellness is a growing industry and although it is rooted in ancient traditions, it is still a young and promising field, gaining attention from investors and hotel companies every day. Did you know in 2015 the spa and wellness industry was already an astonishing 3.7 Trillion dollar market and is set to continuously grow over the next decades? What does this mean for the service and product providers in the industry? It means they need to understand the particularities of it and understand how to transform a growing consumer need into a successful business. Do you understand how revenues and costs are put together in financial statements and how this data can help you drive results?

Skip to 1 minute and 1 second Are you comfortable developing revenue management strategies? How about when you need to prepare and interpret your yearly budgets? Of course, we can never forget we are in a service business focused on peoples health and well-being, so any eagerness to drive profits must be balanced by value creation and guests expectations. If you are a Spa Manager or a Spa Director, this course will help you to clearly defend your strategies and involve your team more confidently in the process. In case you are a general manager, owner or asset manager this course will help you make long-term strategic decisions on capital investments, management contracts and how to assess the value of your asset.

Skip to 1 minute and 53 seconds This course is brought to you by Glion Institute of Higher Education. Whatever your background is, we will take you through it with insightful videos, discussions, case studies and industry expert input.

Skip to 2 minutes and 10 seconds I am Mariana Palmeiro, and I have had the opportunity to create spa and wellness business models while working in Asia, North Africa, Middle east and Europe. I look forward to sharing this examples with you and to help you thrive in this industry. This course is your first step to achieving success. I look forward to working on it with you.

What topics will you cover?

  • Identify the financial structure of a spa and why it’s important
  • Recognize the main Revenue Streams and Cost Centers in a Spa or Wellness Center
  • Analyze Spa Revenue Management
  • Prepare and interpret a Spa Budget
  • Develop a Strategic Profit Management Plan

Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Identify different revenue streams and cost structures in a spa and wellness center
  • Apply the most up-to-date Profit and Loss Benchmarks in the industry
  • Develop the possible and most effective Revenue Management strategies in a Spa
  • Produce and Interpret a Spa Budget
  • Develop an effective Profit Management Plan

Who is the course for?

This course is for spa and hospitality professionals responsible for, or involved in, the finances or operations of spa real estate or spa investments. It is also suitable for those working in spa financing and asset management.

What software or tools do you need?

Some proficiency with Excel will be helpful
Some principles of finance are preferred but not required

Who will you learn with?

Spa and wellness expert. She has spent the last 10 years in Asia and Europe working on various development projects and spa and hotel operations.

Who developed the course?

Glion Institute of Higher Education

Glion Institute of Higher Education is ranked number three in the world’s top institutions for hospitality management, and number two for employer reputation. It has campuses in Switzerland and London.

What's included?

This is a premium course. These courses are designed for professionals from specific industries looking to learn with a smaller group of like-minded individuals.

  • Unlimited access to this course
  • Includes any articles, videos, peer reviews and quizzes
  • Tests to validate your learning
  • Certificate of Achievement to prove your success when you're eligible
  • Download and print your Certificate of Achievement anytime

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Learning on FutureLearn

Your learning, your rules

  • Courses are split into weeks, activities, and steps to help you keep track of your learning
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control
  • Complete 90% of course steps and all of the assessments to earn your certificate

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