Global Wellness Tourism Market Overview 2023-2028
Wellness Tourism is a specialized form of travel focused on promoting health and well being through physical, mental, and spiritual activities. It includes practices like spa treatments, yoga, meditation, and fitness exercises, often in serene natural settings. It provides travelers with a rejuvenating experience that fosters relaxation and personal growth. It reduces stress, prevents disease, minimizes poor lifestyle habits, and enriches the mental and physical health of individuals.
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.
Global Wellness Tourism Market Trends and Drivers:
The increasing incidences of diseases like obesity and diabetes on account of unhealthy dietary patterns and busy lifestyles represent one of the primary factors driving the demand for wellness tourism as an attractive option for those aiming for better health management around the world. Moreover, the rising inclination towards mindfulness practices, such as yoga and meditation, is contributing to the market growth. In addition, the growing influence of health based social media influencers that actively promote wellness lifestyles is influencing the market positively. Apart from this, initiatives undertaken by governing agencies of different countries to promote wellness tourism are favoring the growth of the market. Furthermore, the increasing number of resorts, spas, gyms, and clubs that are offering wellness services and the rising number of research and development (R&D) projects and partnership strategies by leading players to expand their geographical reach is bolstering the 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:
Breakup by Service Type:
- Food and Beverage
- Activities and Excursion
Breakup by Location:
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- 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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