Data Says Beauty Industry Shows Signs of Growth

We can’t be happier to say that it seems that the beauty industry is finally recovering after the pandemic! According to Square Appointments data, reservations at the beauty and personal care businesses are above pre-pandemic levels at the moment, woohoo! This is great news for all beauty business owners who survived the pandemic. The percentage is up 81% from February 2020 to May 2021, and up 156% year-over-year as of May 2021.
Hiring which was a huge problem at the peak of the pandemic is also returning to keep up with demand; the number of employees paid per beauty and personal care business in April 2021 was up 34 percent year-over-year and up nearly 16 percent year-over-year in May 2021.
Besides, we can’t but mention that gross payment volume from beauty and personal care businesses has also improved, with a 121% year-over-year increase as of May 2021, and 25% from February 2020 to May 2021 - showcasing continued strength across the industry.
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