Global Wellness Tourism Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Wellness Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global wellness tourism market report, size, share, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global wellness tourism market size reached US$ 889 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,327 Billion by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.
Wellness tourism zeroes in on bolstering physical, mental, and spiritual well-being within the realm of travel. This specialized niche encompasses spa treatments, nutritional programs, fitness routines, and holistic therapies such as yoga and meditation. Whether undertaken locally or globally, the core objective is to partake in activities that foster physical, mental, or spiritual health. It unfolds in two variants: primary wellness tourism and secondary wellness tourism, the latter incorporating wellness activities into a broader travel experience. The primary goal is to elevate individuals’ health and quality of life, diverging from the conventional tourism path. The perks are plentiful, ranging from stress reduction and heightened mental clarity to the advocacy for healthier lifestyles, ultimately translating into long-term savings on healthcare costs.
Global Wellness Tourism Market Trends and Drivers:
Currently, the escalating challenges and pressures of a fast-paced lifestyle are propelling individuals to seek experiences that provide relaxation and rejuvenation, serving as a pivotal factor driving market growth. Furthermore, the growing awareness regarding the significance of health and well-being is inspiring more people to invest in travel centered around wellness. Additionally, the increasing embrace of holistic health practices, which emphasize the interconnectedness of physical, mental, and spiritual well-being, is fueling interest in wellness tourism experiences.
Moreover, the surge in initiatives to build wellness resorts and launch campaigns promoting the importance of wellness tourism is fortifying market expansion. The proliferation of wellness apps, seamlessly integrated with wearable devices, is also contributing to the promotion of health maintenance practices, encouraging individuals to adopt an active lifestyle. Furthermore, the heightened awareness of mental health issues and the value of stress reduction is generating interest in wellness retreats and programs focusing on mental well-being.
Furthermore, the burgeoning presence of online and offline wellness communities and support networks is fostering a collective spirit, motivating individuals to embark on wellness journeys together.
Global Wellness Tourism Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Accor S.A., Four Seasons Hotels Limited, Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, InterContinental Hotels Group plc, Marriott International Inc., Radisson Hospitality Inc. (Jin Jiang International Co. Ltd.), Rancho La Puerta Inc., Red Carnation Hotels (The Travel Corporation), Rosewood Hotel Group (New World Development Company Limited) and Wyndham Hotels & Resorts Inc.
The report segmented the market on the basis of region, travelers type, service type and location.
Breakup By Regions:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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