OneSpaWorld Holdings Limited

ONESPAWORLD HOLDINGS Ltd is a global services company and the market leader in the outsourced maritime health and wellness market, holding an estimated market share exceeding 90%. For over 50 years, the company has built its position through staff expertise, broad service and product offerings, extensive global staff recruitment, training, and logistics platforms, and a global operations infrastructure. It maintains decades-long relationships with cruise line and destination resort partners. The company's mission is to help guests look and feel their best during and after their stay. It operates a critical aspect of the overall guest experience for its partners, managing complex operations through significant investment and know-how. ONESPAWORLD has consistently expanded its onboard offerings with innovative services and products, and developed powerful staff recruiting, training, and logistics platforms, increasingly utilizing emerging technologies like generative and agentic artificial intelligence applications. This infrastructure helps manage operational complexity, maintain industry-leading quality standards, and maximize revenue per health and wellness center. The combination of its recruiting and training platform, deep labor pool, global logistics and supply chain infrastructure, and proven revenue management capabilities provides a significant competitive advantage. The majority of ONESPAWORLD's revenue and profits come from long-term agreements with cruise line partners. These agreements range from three to 8.6 years in duration, averaging approximately five years, and grant the company the exclusive right to offer health, wellness, aesthetics, and fitness services, as well as sell complementary products onboard the ships it serves.