OneSpaWorld is a global outsourced health and wellness services provider that commands over 90% market share in the maritime sector, operating more than 250 health and wellness centers aboard cruise ships and destination resorts worldwide. The company generates revenue primarily through long-term exclusive agreements with major cruise lines and resort partners, delivering a comprehensive suite of services including spa and aesthetics, fitness, nutrition, medi-spa procedures, and thermal amenities, along with over 1,100 branded wellness products from exclusive vendor partnerships. Its business model aligns economic incentives with customers through revenue-sharing arrangements that create stable, predictable cash flows while maintaining a capital-light structure, as partners fund facility construction and maintenance.