Global Wellness Tourism Market Report
The global wellness tourism market size reached US$822.44 billion in 2021. By 2027, it will reach $1,250.27 billion and grow at a CAGR of 7.02% (2022-2027).
SHERIDAN, WYOMING, UNITED STATES, Sept. 21, 2022 /EINPresswire.com/ — Finds the IMARC Group’s latest research study, “Wellness Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”. Global wellness tourism market size reached US$822.44 billion in 2021. Looking ahead, IMARC Group expects the market to reach $1,250.27 billion by 2027, at a CAGR of 7.02% over 2022-2027.
Wellness tourism refers to a lifestyle activity that includes various journeys that maintain and enhance a person’s well-being. It is designed to enhance authentic experiences and support the purpose of stress reduction, disease prevention, healthy living and minimizing bad lifestyle habits. It also helps in improving mental and physical health. It includes tours to various places and facilities that serve its purpose such as hospitals, wellness spas, wellness resorts, clinics and fitness centers where wellness activities are carried out to ensure customer satisfaction.
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Impact of COVID-19 on the market: (Positive Impact)
As the novel coronavirus (COVID-19) crisis sweeps the world, we continuously monitor the changes in the markets as well as the industry behavior of consumers worldwide and our estimates on the latest market trends and forecasts are made after considering the impact of this pandemic.
Global Wellness Tourism Market Trends and Drivers:
One of the main factors driving the market is the significant increase in spending on travel and personal well-being. Apart from that, increasing occurrence of lifestyle diseases due to sedentary lifestyle has led to preference of healthy lifestyle, which contributes to the market growth. In addition, the rising income level and the increasing health awareness of the masses ensure positive market prospects.
Apart from that, advances in technology including hotel and activity bookings, convenient flights and the ability to compare multiple adventure travel options available through online platforms are driving the market. In addition, extensive investments in research and development (R&D) activities, mergers and acquisitions (M&A) and various partnership strategies by market players are bolstering the market growth. Rapid urbanization, increasing e-skills rates and the increasing influence of social media worldwide are other important factors driving growth.
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Analysis and Segmentation of Global Wellness Tourism Market 2022-2027:
Competitive landscape:
The competitive landscape of the market has been studied in the report that provides the detailed profiles of the major market players.
Some of these top key players are:
Accor SA, 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 has segmented the market by region, trip type, service type, and location.
Separation by type of travelers:
• Primary
• Secondary
Breakdown by service type:
• Transportation
• Accomodation
• Food and beverages
• Shopping
• Activities and Excursions
• Other
Separation by location:
• Domestic
• International
Breakdown by region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
• Europe: (Germany, France, Great Britain, Italy, Spain, Russia, others)
• Latin America: (Brazil, Mexico, others)
• Middle East and Africa
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Key highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Comprehensive mapping of the competitive landscape
If you require specific information that is not currently in the scope of the report, we can provide it as part of the customization.
About us:
IMARC Group is a leading market research company providing management strategies and market research worldwide. We partner with clients across sectors and geographies to identify their most valuable opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products cover key market, scientific, economic and technological developments for executives in pharmaceutical, industrial and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food & beverage, travel & tourism, nanotechnology and advanced processing methods are at the forefront of the company’s expertise.
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