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 represents a specialized sector within the travel industry, with a primary focus on promoting physical, mental, and spiritual well-being. It encompasses a wide range of offerings, including spa treatments, nutritional programs, fitness routines, and holistic therapies such as yoga and meditation. Wellness tourism involves domestic or international travel with the central purpose of participating in activities that positively impact one’s physical, mental, or spiritual health. There are two main categories within wellness tourism: primary wellness tourism and secondary wellness tourism. In primary wellness tourism, the journey’s core objective is to engage in wellness activities, while in secondary wellness tourism, wellness-related activities are integrated into a broader travel experience. The core goal of wellness tourism is to enhance individuals’ health and overall quality of life, setting it apart from conventional tourism. It provides numerous advantages, such as stress reduction, improved mental clarity, and the encouragement of healthier lifestyles. These benefits can ultimately lead to long-term cost savings in healthcare.
Global Wellness Tourism Market Trends and Drivers:
Currently, the surging challenges and pressures associated with our fast-paced lifestyles are prompting people to seek out experiences that offer relaxation and revitalization. This trend stands as a pivotal factor driving the growth of the wellness tourism market. Furthermore, there is a growing awareness of the significance of health and well-being, which is motivating a greater number of individuals to invest in wellness-focused travel. In addition to this, the increasing shift towards holistic health practices that emphasize the interconnectedness of physical, mental, and spiritual well-being is fostering interest in wellness tourism experiences. Moreover, the rise in initiatives to build wellness resorts and campaigns promoting the importance of wellness tourism is bolstering the market’s growth. Additionally, the proliferation of wellness apps that can be seamlessly integrated with wearable devices is enhancing health maintenance practices and encouraging people to embrace a more active lifestyle. Furthermore, the increasing awareness of mental health issues and the importance of stress reduction is fueling interest in wellness retreats and programs dedicated to mental well-being. Beyond this, the burgeoning emergence of online and offline wellness communities and support networks is inspiring 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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