Wellness Tourism Market Key Players Change the View of the Global Face of Industry by 2025-Villa Rosa Kempinski, Singita, Healing Earth, Allure Africa Ltd

The Wellness Tourism market estimated at US$7.4 Billion in the year 2020, is projected to reach a revised size of US$9.8 Billion by 2025, growing at a CAGR of 4.1% over the analysis period 2020-2025.

MarketInsightsReports published a new research publication on “Wellness Tourism” Market Insights, to 2025 and enriched with self-explained data in presentable format. In the Wellness Tourism market study you will find new evolving Trends, Drivers, Restraints, and Opportunities generated by targeting Wellness Tourism market associated stakeholders. The growth of the market was mainly driven by the increasing spending across the world.

Some Of The Key Players Profiled In The Study Are-

Villa Rosa Kempinski_, Singita_, Healing Earth_, Allure Africa Ltd_, Tribe Hotel_, Mazagan Beach and Golf Resort_, Hotel Diar Lemdina_, Winnie Wellness Spa_, Hilton Mauritius Resort & Spa_, Limalimo Lodge

Sample Report + All Related Information-
https://www.marketinsightsreports.com/reports/10192355408/africa-wellness-tourism-market-growth-trends-and-forecasts-2020-2025/inquiry?Source=OpenPR&Mode=Allie

Wellness tourism is a type of tourism where people travel to places for the betterment of their physical or mental state. The growing interests of the tourists towards the sectors such as health, travel, and foods are the factors driving the growth of the market over the forecast period. The factors such as rising disposable income have increased the customers' expenditures towards different services of social and healthy wellbeing, thereby anticipating the market growth. The wellness tourism market is driven by the rising hectic lifestyles characterized by work-related stress which will, in turn, favor the services such as spa, yoga programs, lodging, and boarding, among others. Vendors in the market are focusing on providing quality services to gain a competitive edge. The rising number of market players are concentrating on offering lucrative and customized service packages targeting various classes of the consumers has increased the competition in the market, thereby favoring the interests of the consumers to opt for experiential travels. This, in turn, will augment the market growth.

Industry News And Updates on Wellness Tourism Market-

Domestic Travel Type Segment Hold the Largest Market Share

The domestic segment among the travel type segments is projected to continue to account for the highest revenue share owing to increasing expenditure for domestic wellness activities. The growing preference for affordable facilities in proximity rather than long-distance retreats in a different country is driving the growth prospects for the health and wellness tourism market in the domestic wellness tourism segment. Majority of these travellers comprises primary wellness travellers who look for spa treatments or beauty enhancement treatments. The volume of domestic wellness travellers will continue to increase throughout the forecasted period due to the inclusion of these treatments within domestic regions.

Key Market Trends Wellness Tourism Market-

Increasing Number of Tourists in South Africa

South Africas rich cultural and natural resources are the primary offerings of the countrys tourism sector. Developing wellness tourism in South Africa will boost the economy and provide the country with a competitive edge as a tourism destination. The rising number of tourist destinations in South Africa has attracted more customers from the international market. An increasing number of tourists from various developed and developing countries prefer spending on wellness traveling plans to maintain their well-being and health. As maintaining health and well-being is becoming important, the leading players in the hospitality sector are increasingly capitalizing on health-conscious customers. A sedentary lifestyle and surge in disposable income are expected to boost the demand for wellness tourism due to the rise in the number of health-conscious people.

Market Segmentation On Wellness Tourism-

Scope of the Report of Wellness TourismMarket Trend-

Increasing Demand for Wellness Tourism as well as new opportunities in Emerging Countries.

Market Drivers-

The Wellness Tourism is Considered a source to drive more growth resulting in high demand among consumers. 

Challenges-

Finding that challenges assumptions for the consumers to opt or not for Wellness Tourism.

Opportunities-

Increasing Demand in the Industry for Wellness Tourism by the Consumers is Providing an Opportunity for this market.

Region Included In Wellness Tourism Market are-

North America

Europe

Asia-Pacific

South America

Middle East & Africa

Browse Detailed Research Insights with Table of Content-

https://www.marketinsightsreports.com/reports/10192355408/africa-wellness-tourism-market-growth-trends-and-forecasts-2020-2025?Source=OpenPR&Mode=Allie

TOC Continued…!

Competitive Landscape On Wellness Tourism Market-

Key Players to Forge Alliances to Create Sustainable Solutions

In a bid to speed up the research & development and production of sustainable Wellness Tourism market solutions, major market players are building alliances with other industry leaders to widen the scope of their businesses. The focus of these collaborations is to formulate the growth that will make the Wellness Tourism industry more profound, which in turn will future-proof these companies’ offerings.

Qualitative Insights on Impact of COVID-19 on Global Wellness Tourism Market
Supply Chain Analysis & Challenges due to Covid-19
Steps taken by Government / Companies to Overcome this Impact
Potential Challenges and Opportunities due to COVID-19 Outbreak

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This release was published on openPR.