Wellness Tourism Global Market Report 2022

NEW YORK, Oct. 19, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the Wellness Tourism Global Market Report 2022 – https://www.reportlinker.com/p06351359/?utm_source=GNW

The global wellness tourism market is expected to grow from US$718.50 billion in 2021 to US$801.45 billion in 2022 at a compound annual growth rate (CAGR) of 11.5%. The wellness tourism market is expected to grow to $1098.42 billion by 2026 at a CAGR of 8.2%.

The wellness tourism market consists of the sale by companies (organizations, sole traders and partnerships) of wellness tourism services used to promote health and well-being through psychological, physical or spiritual activities. Wellness tourism is tourism associated with the pursuit of maintaining or increasing personal well-being.

The main types of services in wellness tourism are transportation, accommodation, food and beverages, shopping, activities and excursions, and other types of services. The transport market offers transport services.

Transportation arrangements are made for patients with spinal injuries, fractures, traumatic brain injuries, and other injuries. Transportation from the hotel or medical center to the airport or train station is provided for the patient and accompanying persons after the completion of treatment, examination and recovery, or after surgical procedures and rehabilitation.

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The different travel types include primary and secondary travel available in different locations like domestic and international.

North America was the largest region in the wellness tourism market in 2021. Asia Pacific is projected to be the fastest growing region during the forecast period.

Regions covered in Wellness Tourism market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Wellness Tourism Market Research Report is one of a series of new reports that provide wellness tourism market statistics, including global wellness tourism industry market size, regional shares, competitors with a wellness tourism market share, detailed wellness tourism market segments, market trends and opportunities, and all further data, you may need to succeed in the wellness tourism industry. This Wellness Tourism Market Research Report provides a complete overview of everything you need with an in-depth analysis of the current and future scenario of the industry.

The rising tourist spending on cultural and sports tourism is expected to drive the growth of the wellness tourism market. Sports tourism refers to travel that involves both watching and participating in a sporting event while being in the tourist’s usual environment.

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Cultural and sports tourism is a part of wellness tourism that contributes to the promotion of health and well-being. For example, according to a survey by American Express, a US-based credit card company, in 2021 nearly 76% of people participating in the service will spend on tourism to improve their well-being.

In addition, 55% of participants spend extra money on wellness activities while on vacation. Therefore, increasing tourist spending is driving the growth of the wellness tourism market.

New technological innovations have emerged as a key trend gaining popularity in the wellness tourism market. Large companies operating in the wellness tourism sector focus on adopting new technologies to maintain their position in the market.

For example, in April 2021, Atmantan Wellness Centre, an India-based wellness tourism provider, Atmantan Naturals launched a new wellness tech platform using telemedicine portal technology. This wellness center offers reversal treatments for diseases and cultivates natural herbal supplements with outstanding efficiency.

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Also, with the help of telemedicine portals, a person has access to various virtual consultations with various doctors and doctors at any time.

In February 2019, InterContinental Hotels Group (IHG), a UK-based multinational hotel group, acquired Six Senses Hotels, Resorts and Spas for a transaction amount of US$300 million. The acquisition gives IHG instant access to some of the most in-demand hotel destinations around the world and expands its reach to a community of wealthy travelers and new owners.

Six Senses Hotels, Resorts, and Spas is a Thailand-based hospitality brand in the premium luxury and spa segment.

The countries covered in Wellness Tourism Market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and the USA.
Read the full report: https://www.reportlinker.com/p06351359/?utm_source=GNW

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