The global wellness tourism market size is expected to reach US$ 1,672.6 billion by 2030 from US$ 793.2 billion in 2020 and is expected to grow at an impressive double-digit rate of 7.7% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global wellness tourism Market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
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Crucial factors accountable for market growth are:
- Rapid growth of middle-class
- Rising disposable income
- Increasing government investments on infrastructure and connectivity
- Rising awareness regarding wellness tourism
- Growing penetration of internet and smart devices like smartphones
- Increasing influence of social media
- Growing prevalence of mental and physical disease
- Increasing consumer expenditure on health and wellness
Report Highlights
- By service, lodging segment led the global wellness tourism market with remarkable revenue share in 2020. This is attributed to the rapid growth of the large hotel chains that also provides exotic therapies such as rejuvenation programs, spa treatments, and other wellness services.
- By destination, the domestic segment led the global wellness tourism market. This is majorly due to the government support to boost domestic tourism. Domestic tourism is used as a tool for generating employment, improve infrastructure, and hence boost economic growth of the country.
- By traveler, the secondary segment led the global wellness tourism market because of the cost saving benefit. Generally a person visiting for any purpose such as business meeting, there are high chances of him to include wellness activities in his trip that allows him to gain dual benefits of business with wellness at less cost.
Why should you invest in this report?
If you are aiming to enter the global wellness tourism market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for wellness tourism are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Market Dynamics:
Drivers
According to the Global Wellness Institute, in 2017, the total number of domestic and international wellness trips accounted for around 17% of the global tourism expenditure. This implies that tourists are increasingly participating in wellness activities while they travel to domestic and international destinations. The sedentary lifestyle of the consumers, busy and hectic lifestyle, and unhealthy habits have resulted in a decreased physical activity, which give rise to a number of physical and mental issues. Therefore, tourists tend to participate in physical, psychological, and spiritual wellness activities during their vacations. This factor is significantly driving the growth of the global wellness tourism market.
Restraints
There are certain restraining factors to the wellness tourism market. The lack of awareness about wellness tourism, low income population in developing and underdeveloped nations, and political unrest in several nations are few of the major constraining factors that may hamper the growth of the wellness tourism market.
Opportunities
The growing technological advancements in tourism industry is expected to offer growth opportunities. For instance, use of augmented reality (AR) and virtual reality (VR) by the top hotels for providing a virtual tour to their customers before booking rooms and use of robots for carrying and handling the guests’ luggage in hotels are the latest developments in the tourism industry that is expected to change the face of online hotel bookings.
Challenges
The major challenges encountered by the wellness tourism industry include threat of terrorist attacks, outbreak of pandemic, and bad geopolitical relations between countries. These are the various challenges that are not under the control of the tourism industry and these factors might harm the growth of the market significantly.
Recent Developments
- In February 2019, Aman Spa started Amanpuri, a wellness center in Thailand that also offers medical services.
- In May 2019, Six Senses Hotels Resorts Spas, a leading operator of hotels, spas, and resorts was acquired by InterContinental Hotels.
The key players include in the wellness tourism market are Hilton Worldwide, Accor Hotels, Four Seasons Hotels, Radisson Hospitality, Marriot International, Hyatt Hotels, Rosewood Hotels, InterContinental Group, Rancho La Puerta, Inc., PRAVASSA, Omni Hotels & Resorts.
Market Segmentation:
By Service
- Lodging
- Food
- Transport
- Beverage
- Wellness activity
- Others
By Destination
- International
- Domestic
By Traveler
- Primary
- Secondary
Regional Analysis:
The geographical analysis of the global wellness tourism market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global wellness tourism Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global wellness tourism market in 2030?
- What is the expected CAGR for the wellness tourism market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global wellness tourism market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Wellness Tourism Market, By Service
7.1. Wellness Tourism Market, by Service Type, 2021-2030
7.1.1. Lodging
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Food
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Beverage
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Transport
7.1.4.1. Market Revenue and Forecast (2017-2030)
7.1.5. Wellness activity
7.1.5.1. Market Revenue and Forecast (2017-2030)
7.1.6. Others
7.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Wellness Tourism Market, By Destination
8.1. Wellness Tourism Market, by Destination, 2021-2030
8.1.1. International
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Domestic
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Wellness Tourism Market, By Traveler
9.1. Wellness Tourism Market, by Traveler, 2021-2030
9.1.1. Primary
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Secondary
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Wellness Tourism Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Service (2017-2030)
10.1.2. Market Revenue and Forecast, by Destination (2017-2030)
10.1.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Service (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Destination (2017-2030)
10.1.4.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Service (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Destination (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Service (2017-2030)
10.2.2. Market Revenue and Forecast, by Destination (2017-2030)
10.2.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Service (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Destination (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Service (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Destination (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Service (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Destination (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Service (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Destination (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Service (2017-2030)
10.3.2. Market Revenue and Forecast, by Destination (2017-2030)
10.3.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Service (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Destination (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Service (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Destination (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Service (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Destination (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Service (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Destination (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Service (2017-2030)
10.4.2. Market Revenue and Forecast, by Destination (2017-2030)
10.4.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Service (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Destination (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Service (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Destination (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Service (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Destination (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Service (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Destination (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Service (2017-2030)
10.5.2. Market Revenue and Forecast, by Destination (2017-2030)
10.5.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Service (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Destination (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Traveler (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Service (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Destination (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Traveler (2017-2030)
Chapter 11. Company Profiles
11.1. Hilton Worldwide
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Accor Hotels
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Marriot International
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Hyatt Hotels
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Rosewood Hotels
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. InterContinental Group
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Radisson Hospitality
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Rancho La Puerta, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. PRAVASSA
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Omni Hotels & Resorts
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. Four Seasons Hotels
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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