Word: spas
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...Medi-spas are the fastest-growing segment of the spa industry, with estimated annual revenues of $450 million for doctor-run medi-spas and an annual growth rate of 11% to 14%, says Eric Light, president of the International Medical Spa Association, based in Union City, N.J. Although there are some 9,000 spas in the U.S., only about 500 are medical spas, which differ from day spas in that they have a doctor on staff. That allows medi-spas to perform more complicated and costly procedures. For plastic surgeons and dermatologists, medi-spas are an opportunity to go retail...
...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...
...Thaksin, a telecommunications billionaire, said before doling out the black-and-gold plastic. "I'm not aware of any other country ever having a club like this," said Peter M. Kennedy, chairman of investment bank Domonick Company AG. While he doubted he'll ever visit enough golf clubs or spas to recoup his investment, he said he bought the card "to show my support for Thailand." How much more support is out there for the scheme, dreamed up personally by Thaksin, remains to be seen. Thaksin has appointed a corps of private sales agents and told Thai embassy officials...
...aware of any other country ever having a club like this," said Peter M. Kennedy, chairman of investment bank Domonick Company AG. While he doubted he'll ever visit enough golf clubs or spas to recoup his investment, he said he bought the card "to show my support for Thailand...