洗浴行业生变：跨界融合不断与同质化待解

Core Insights - The bathing industry is rapidly expanding, with a significant increase in transaction orders and average transaction amounts for new stores, indicating a strong growth trajectory [1][9] - The trend of "bathing+" is reshaping the industry, integrating various services such as dining, entertainment, and accommodation to enhance customer experience [3][5] Industry Expansion - Since 2025, the national bathing service transaction order volume has increased by over 30%, with a 60% year-on-year growth in average transaction amounts for new stores from January to September this year [1][9] - The integration of services like self-service dining and entertainment areas is attracting a diverse customer base, including families and young people [3][4] Market Trends - The rise of the "emotional economy" and O2O (online-to-offline) services is driving the transformation of bathing spaces into "emotional healing spaces," with market sizes exceeding 2 trillion and 3 trillion yuan respectively [4] - Popular combinations in the industry include "bathing + self-service dining," "bathing + hourly rooms/accommodation," and "bathing + KTV/entertainment" [5] Challenges of Homogenization - The industry faces increasing homogenization, with many new bathing centers offering similar features, leading to a sense of familiarity among consumers [6][7] - The competitive landscape is intensifying, with operators needing to differentiate themselves through unique offerings and experiences [7][8] Structural Opportunities - Despite the competitive pressures, there are still structural opportunities in the market, particularly for innovative concepts targeting younger demographics and community health [10][12] - The potential for light-asset operations and partnerships with traditional owners is highlighted as a strategy to mitigate risks while entering the market [10][12] Future Directions - Experts suggest that the bathing industry will evolve towards health-oriented, intelligent, and diversified services, moving from a focus on cleanliness to comprehensive leisure experiences [5][10] - The emphasis on local culture and unique dining experiences is seen as a key differentiator for future success in the industry [8][12]