Word: spa
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Drive a stick into the ground anywhere in Hungary, the saying goes, and thermal water will come surging up. The country has some 100 thermal spas, part of a tradition dating back almost two millenniums. Yet today, when most travelers consider a spa trip, they think Japan or Iceland. Hungary is out to change that. By the end of next year, the government and the hotel industry will have spent some $510 million on up to 100 projects ranging from spa refurbishments to a $12.6 million thermal water park in the eastern town of Debrecen. Some of the best spas...
...entertains Hollywood royalty and runs her late brother's namesake empire, Gianni Versace SpA, all while rearing two kids and designing 10 collections a year. Although she does it with inimitable flair (and heaps of diamonds), Donatella Versace admits she has had to work hard to gain respect. Lately, the company has experienced some financial difficulty, but severe cost cutting and a licensing deal with eyewear giant Luxottica SpA promise to boost revenue. Here Donatella talks to TIME's Kate Betts about fashion divas, other designers and Madeleine Albright...
...York City, was already much talked about for the supple and intricate design proposals she exhibited at the Cooper-Hewitt National Design Museum in Manhattan and in a one-woman show last year at the San Francisco Museum of Modern Art. One of them is for a spa on the Okavango River Delta in Botswana. And we do mean "on"--the open-air guesthouses would float atop man-made "lily pads." Another plan is for her ingenious cross-shaped extreme-skiing facility in Alaska's Chugach Mountains, from which guests would be helicoptered to the highest slopes...
...growth of medi-spas has prompted a competitive response from more traditional day spas. Last June Elizabeth Arden Red Door Salon & Spa in New York City hired a part-time plastic surgeon to administer Botox injections. Other Elizabeth Arden locations will get doctors later this year. "We have introduced several different modalities tied into what the medi-spas are doing, which is creating a relaxing environment like the traditional day-spa industry but providing Botox injection, for example," says Elaine Sauer, Elizabeth Arden's national spa director and head of Mario Tricoci Salons in Chicago. The doctors, she says, give...
Despite the potential profits, there is little regulation of medi-spas. Guidelines mandated by the state and protocols for handling people in a medical environment exist, but for the most part, professional standards are lacking in the industry. For example, a medi-spa's skin-care products, which generate lots of profit, are not regulated by the Food and Drug Administration (FDA). About 75% of Denese's $3 million business, for example, comes from the sale of creams and lotions she developed and tested with chemists. For Avis, about 40% of the medi-spa's revenue is from cosmetic-product...