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PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1390011

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PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1390011

Global Wellness Tourism Market Forecasts from 2023 to 2028

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PAGES: 135 Pages
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The global wellness tourism market is projected to grow at a CAGR of 11.67% over the forecast period, increasing from US$368.179 billion in 2021 to reach a total market size of US$797.376 billion by 2028.

The increasing inclination of tourists toward travelling and exploring new cultures and learning about their nature is providing an edge for market growth in the projected period. Additionally, the rising need to travel to maintain a healthy lifestyle, prevent diseases, reduce stress, and enhance a healthy lifestyle is propelling the market growth for wellness tourism. Additionally, the increasing per capita spending on travelling and the rising socio-economic condition of people in developing countries coupled with the growing influence of social media is pushing the market to an upward rising curve.

Increasing Investments

Increasing investment in the market by companies is one of the reasons for market growth. For instance, In April 2021, Atmantan Wellness Centre which offers wellness tourism launched Atmantan Naturals, its is a new wellness technology platform that uses telehealth portal technology. The wellness centers have natural herbal supplements that have remarkable effectiveness and provide disease-reversal therapies. The increase in such facilities in the market is expected to increase in the coming year and in turn, increase the market for wellness tourism.

Increasing Interest of Younger Professionals

The increase in the labor force and the need to de-stress from working daily coupled with more money to spend on wellness-related activities and more options to explore. Moreover, the ease of booking such programs with one click is also increasing people's interest in this market. According to the Bureau of Immigration, the Foreign Tourist Arrivals (FTAs) for 2022 were 6.19 million people compared to 1.52 million people for the same period in 2021. Budget-conscious tourists and middle and low-income workers have a choice to travel domestically and experience these activities. Many multinational corporations encourage their employees to use their vacation time and make use of that time to travel and explore new places. Hence these factors influence the market growth in the projected periods. As the working population increases in any country people willing to invest in their wellness are anticipated to increase.

North America is Expected to Grow Significantly

Favorable efforts and investments to improve wellness tourism are expected to boost market growth. The rising tourism in the United States including both domestic and international tourists is one of the driving factors of the wellness tourism market in the country in the projected timeline. In addition, the high wellness tourism expenditure by volunteers in the United States is also expected to enhance the overall market lucrativeness. As per the release by the National Travel and Tourism Office, International Trade Administration (ITA), the number of tourists travelling to the United States in 2022 amounted to 50.9 million which was reported to be a strong jump of 128.3% as compared to the inbound arrivals in the USA for 2021 which was reported to be 22.3 million tourists. The rise in the number of tourists is directly projected to affect the market for wellness tourism, thereby offering market players an added edge to thrive in the market in the next few years.

Major Market Players

  • Four Seasons Hotels Limited has systematically positioned itself as a major participant in the wellness tourism market. Luxurious spas, exercise facilities, and wellness studios have been employed by Four Seasons to provide an environment where visitors can revitalize their mental and physical well-being. These facilities frequently have experienced practitioners working there, assuring excellent wellness experiences. Additionally, Four Seasons has embraced the development of health programs and getaways. They provide specialized packages in partnership with wellness professionals to cater to visitors looking for life-changing encounters. These can include everything from private wellness consultations to retreats for yoga and meditation.

Segmentation:

By Type of Traveller

  • Primary Wellness Traveler
  • Secondary Wellness Traveler

By Location

  • Domestic
  • International

By Service

  • Lodging
  • In-Country Transport
  • Food and Beverages
  • Shopping
  • Others

By Mode of Booking

  • Online
  • Offline

By Geography

  • North America

By Type of Traveller

By Location

By Service

By Mode of Booking

By Country

  • United States
  • Canada
  • Mexico
  • South America

By Type of Traveller

By Location

By Service

By Mode of Booking

By Country

  • Brazil
  • Argentina
  • Others
  • Europe

By Type of Traveller

By Location

By Service

By Mode of Booking

By Country

  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Others
  • Middle East and Africa

By Type of Traveller

By Location

By Service

By Mode of Booking

By Country

  • Saudi Arabia
  • UAE
  • Israel
  • Others
  • Asia Pacific

By Type of Traveller

By Location

By Service

By Mode of Booking

By Country

  • China
  • Japan
  • India
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others
Product Code: KSI061613763

TABLE OF CONTENTS

1. INTRODUCTION

  • 1.1. Market Overview
  • 1.2. Market Definition
  • 1.3. Scope of the Study
  • 1.4. Market Segmentation
  • 1.5. Currency
  • 1.6. Assumptions
  • 1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

  • 2.1. Research Design
  • 2.2. Research Data
  • 2.3. Validation

3. EXECUTIVE SUMMARY

  • 3.1. Key Findings

4. MARKET DYNAMICS

  • 4.1. Market Drivers
  • 4.2. Market Restraints
  • 4.3. Porter's Five Forces Analysis
    • 4.3.1. Bargaining Power of Suppliers
    • 4.3.2. Bargaining Power of Buyers
    • 4.3.3. Threat of New Entrants
    • 4.3.4. Threat of Substitutes
    • 4.3.5. Competitive Rivalry in the Industry
  • 4.4. Industry Value Chain Analysis

5. GLOBAL WELLNESS TOURISM MARKET, BY TYPE OF TRAVELER

  • 5.1. Introduction
  • 5.2. Primary Wellness Traveler
  • 5.3. Secondary Wellness Traveler

6. GLOBAL WELLNESS TOURISM MARKET, BY LOCATION

  • 6.1. Introduction
  • 6.2. Domestic
  • 6.3. International

7. GLOBAL WELLNESS TOURISM MARKET, BY SERVICE

  • 7.1. Introduction
  • 7.2. Lodging
  • 7.3. In-Country Transport
  • 7.4. Food and Beverages
  • 7.5. Shopping
  • 7.6. Others

8. GLOBAL WELLNESS TOURISM MARKET, BY MODE OF BOOKING

  • 8.1. Introduction
  • 8.2. Online
  • 8.3. Offline

9. GLOBAL WELLNESS TOURISM MARKET, BY GEOGRAPHY

  • 9.1. Introduction
  • 9.2. North America
    • 9.2.1. By Type of Traveller
    • 9.2.2. By Location
    • 9.2.3. By Service
    • 9.2.4. By Mode of Booking
    • 9.2.5. By Country
    • 9.2.5.1. United States
    • 9.2.5.2. Canada
    • 9.2.5.3. Mexico
  • 9.3. South America
    • 9.3.1. By Type of Traveller
    • 9.3.2. By Location
    • 9.3.3. By Service
    • 9.3.4. By Mode of Booking
    • 9.3.5. By Country
    • 9.3.5.1. Brazil
    • 9.3.5.2. Argentina
    • 9.3.5.3. Others
  • 9.4. Europe
    • 9.4.1. By Type of Traveller
    • 9.4.2. By Location
    • 9.4.3. By Service
    • 9.4.4. By Mode of Booking
    • 9.4.5. By Country
    • 9.4.5.1. UK
    • 9.4.5.2. Germany
    • 9.4.5.3. France
    • 9.4.5.4. Spain
    • 9.4.5.5. Italy
    • 9.4.5.6. Others
  • 9.5. Middle East and Africa
    • 9.5.1. By Type of Traveller
    • 9.5.2. By Location
    • 9.5.3. By Service
    • 9.5.4. By Mode of Booking
    • 9.5.5. By Country
    • 9.5.5.1. Saudi Arabia
    • 9.5.5.2. UAE
    • 9.5.5.3. Israel
    • 9.5.5.4. Others
  • 9.6. Asia Pacific
    • 9.6.1. By Type of Traveller
    • 9.6.2. By Location
    • 9.6.3. By Service
    • 9.6.4. By Mode of Booking
    • 9.6.5. By Country
    • 9.6.5.1. China
    • 9.6.5.2. Japan
    • 9.6.5.3. India
    • 9.6.5.4. South Korea
    • 9.6.5.5. Taiwan
    • 9.6.5.6. Thailand
    • 9.6.5.7. Indonesia
    • 9.6.5.8. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

  • 10.1. Major Players and Strategy Analysis
  • 10.2. Emerging Players and Market Lucrative
  • 10.3. Mergers, Acquisition, Agreements, and Collaborations
  • 10.4. Vendor Competitiveness Matrix

11. COMPANY PROFILES

  • 11.1. Four Seasons Hotels Limited
  • 11.2. Canyon Ranch
  • 11.3. Rancho La Puerta Inc.
  • 11.4. Accor
  • 11.5. Hyatt Corporation
  • 11.6. Red Carnation Hotels
  • 11.7. InterContinental Hotels Group PLC
  • 11.8. Hilton
  • 11.9. Omni Hotels & Resorts
  • 11.10. Marriott International, Inc.
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Christine Sirois

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