Posted by 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 trends, size, share, 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 encompasses the pursuit of physical, mental, and emotional well-being, focusing on aspects like relaxation, stress reduction, physical fitness, mental clarity, and spiritual growth. In contrast to traditional tourism, which often centers around sightseeing or leisure, wellness tourism emphasizes activities and experiences that promote rejuvenation and self-improvement. The offerings in this niche are diverse, ranging from spa retreats and mindfulness workshops to fitness retreats and nutrition-focused getaways. This form of tourism provides individuals with an opportunity to escape the demands of daily life, allowing them to prioritize their health and self-care in a novel environment. Additionally, it opens doors to exploring different cultures, traditions, and healing practices. By engaging in activities that foster self-confidence and spiritual exploration, wellness tourism facilitates personal growth and self-discovery. It enables travelers to spend quality time with themselves or loved ones, free from distractions, thereby strengthening relationships and creating lasting memories. Moreover, wellness tourism contributes to the development of habits that can mitigate the risk of future health issues. It plays a role in enhancing and maintaining the overall quality of life for individuals during their journeys. Beyond general well-being, it proves beneficial in addressing specific health concerns or goals, such as weight management, fitness improvement, or the management of chronic conditions. The increasing global demand for wellness tourism is attributed to its positive effects on physical health, heightened fitness levels, and improved flexibility.
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Global Wellness Tourism Market Trends and Drivers:
The current heightened emphasis on both physical and mental well-being among the general population is a key driving force behind the growth of the market. This is underscored by a surging demand for wellness destinations that prioritize stringent hygiene and safety protocols to attract more travelers, thereby exerting a positive influence on the market. Additionally, the market is benefiting from a growing embrace of eco-friendly and socially responsible initiatives within wellness tourism, aimed at preserving natural environments and supporting local communities. Another contributing factor to market growth is the increasing global demand for stress relief solutions. This trend is complemented by a rising preference for wellness destinations where individuals can balance work commitments, relaxation, and a focus on health simultaneously, thereby fortifying market expansion. Furthermore, the market is experiencing a boost from the growing popularity of alternative healing modalities such as Ayurveda, traditional Chinese medicine, and herbal remedies. Moreover, the market is witnessing an uptick in interest from individuals seeking destinations that align with their wellness goals, presenting lucrative opportunities for industry investors. The demand for wellness tourism encompasses programs and services addressing mental health concerns, including mindfulness and therapy sessions, coupled with a rising emphasis on personalized wellness tourism experiences, contributing to a positive market outlook. Additionally, the proliferation of luxury hotels and resorts equipped with spa centers and yoga studios is further fueling market growth.
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 Travelers Type:
- Primary
- Secondary
Breakup by Service Type:
- Transport
- Lodging
- Food and Beverage
- Shopping
- Activities and Excursion
- Others
Breakup by Location:
- Domestic
- International
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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