The economic importance of international level tour ism has captured the attention of all responsible institutions. A series of measures aimi ng for the development of this sector were taken, and member countries were encouraged to do t he same. In terms of SPA tourism, the recommended decisions to be made at European level are: involvement of the insurance companies for the development of SPA tourism, the u se of SPA resorts, as well as using thermal treatments for the general public. The presence in the Vâlcea Subcarpathians of a cons iderable number of hydrothermal sources has facilitated the emergence of SPA resort s on one hand, and on the other hand the development of this important segment of the region al economy. This paper aims to highlight the importance and the potential of SPA tourism in this region, as well as the role of the above mentioned s ources in the emergence and development of resorts. The author outlined, in the same time, the main shortcomings and opportunities of the capitalization of SPA tourism from Vâlcea Subcarpat hians.