Wellness Tourism Market Global Report 2022: A Market Valued at US$ 1,250.27 Billion by 2027 | CAGR of 7.02%

IMARC Group has recently released a new research study titled "Wellness Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

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How big is the wellness tourism market?

The global wellness tourism market size reached US$ 822.44 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,250.27 Billion by 2027, exhibiting a growth rate (CAGR) of 7.02% during 2022-2027.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Industry Definition and Application:

Wellness tourism refers to a lifestyle activity involving various trips that maintain and empower an individual's well-being. It is formed to intensify authentic experiences and help the purpose of stress reduction, disease prevention, healthy living, and minimizing poor lifestyle habits. It also assists in the improvement of one's mental and physical health. It involves tours to various places and facilities that fulfill its purposes, such as hospitals, wellness spas, wellness resorts, clinics, and fitness centers where wellness activities are conducted to ensure customer satisfaction.

What are the major drivers of the wellness tourism market?

One of the primary factors driving the market is the significant increase in travel and personal well-being expenditure. Other than this, the growing incidence of lifestyle diseases due to sedentary lifestyles has led to the preference for leading a healthy lifestyle, which is contributing to the market growth. Besides this, the inflating income levels and rising health consciousness among the masses are also creating a positive market outlook.

Apart from this, technological advancements, including hotel and activity bookings, convenient flights, and the capability to compare several available adventure travel options through online platforms, are driving the market. Furthermore, extensive investment in research and development (R&D) activities, mergers and acquisitions (M&A) and various partnership strategies by market players are strengthening the market growth. Other major growth-inducing factors include rapid urbanization, increasing e-literacy rates, and growing social media influence worldwide.

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What are the segments of Wellness Tourism industry?

IMARC Group provides an analysis of the key trends in each sub-segment of the global wellness tourism market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on region, travelers type, service type and location.

Breakup by Travelers Type:
• Primary
• Secondary

Breakup by Service Type:
• Transport
• Lodging
• Food and Beverage
• Shopping
• Activities and Excursion
• Others

Breakup by Location:
• Domestic
• International

Breakup by Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Wellness Tourism Companies:
• Accor S.A.
• 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)
• Wyndham Hotels & Resorts Inc.

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