Wellness Tourism Market 2021: Register Impressive Growth Worldwide During COVID-19 Crisis
Rise in the global middle class and changes in lifestyle of people due to hectic routine drive the market. Furthermore, increase in obesity and chronic diseases around the world fuels the growth. However, high cost and shortage of facilities hinders the market. Development of ecotourism, cultural tourism, and sports tourism makes way for many new opportunities.
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Travelling to places and facilities, such as hospitals, clinics, wellness SPAs, fitness centers, and wellness resorts to enrich the mental as well as physical health is a part of the lifestyle of the people, now-a-days. This shift in choice refers makes way for wellness tourism, which involves the promotion of health and personal well-being through various physical, psychological, and spiritual activities. It also includes various services such as transport, lodging, food & beverage, shopping, and others.
The wellness tourism market is segmented on the basis of service type, location, and geography. By service type, the market is divided into transport, lodging, food & beverage, shopping, and others. By location, it is bifurcated into domestic and international. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Market Players Profiled In The Report:
• Four Seasons Hotels Ltd.
• Hyatt Corporation
• Marriott International Inc.
• Hilton Worldwide Holdings Inc.
• Rancho La Puerta Inc.
• Omni Hotels & Resorts
• Canyon Ranch
• Carlson Rezidor Hotel Group
The Covid-19 pandemic has a vital impact on the growth of the global Wellness Tourism market and altered several market scenarios. The lockdown across various countries and ban on international travel has disrupted the supply chain and revenue chain. The report includes a thorough analysis of the Covid-19 pandemic on the growth of the global Wellness Tourism market.
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Wellness Tourism Market Key Segments:
By Service Type
• Food & Beverage
• Others (Telecom, Insurance, and Travel Agencies)
○ The study provides an in-depth analysis of the market, with current trends and future estimations to elucidate the investment pockets.
○ Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
○ The report provides a quantitative analysis to help the stakeholders to capitalize on prevailing market opportunities.
○ Extensive analysis of different segments facilitates to understand various products of the market.
○ Key players are profiled and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.
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