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Wellness Tourism Market Size Is Booming Worldwide With | Hilton Worldwide, Accor Hotels, Hyatt Hotels
Global Wellness Tourism Market is valued at approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $$ % over the forecast period 2022-2028. Wellness tourism is a traveling activity that is performed for promoting health and wellness and improves the individual's physical, psychological, and spiritual well-being.The growing investments in infrastructure development, rising incidences of mental and physical disease, coupled with the increasing proliferation of the internet and smart devices are the key factors excelling the market growth across the globe. For instance, as per Statista, in 2020, there were around 749.07 million people who were accounted as internet users, and the figure is projected to rise and account for nearly 1,134.04 million people by the year 2025.
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Accordingly, the growing penetration of the internet is exhibiting a huge influence on the wellness tourism activities among the population, which, in turn, accelerates the global market growth. However, political unrests and rising terrorist attacks impede the growth of the market over the forecast period of 2022-2028. Also, the rising consumer expenditure on health and wellness and rapid growth of the middle-class population are anticipated to act as catalyzing factors for the market demand during the forecast period.
The key regions considered for the global Wellness Tourism Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising need for wellbeing services and increasing cases of stress-associated health problems. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growing popularity of various exotic destinations in countries such as India, China, Singapore, Thailand, and Malaysia would create lucrative growth prospects for the Wellness Tourism Market across the Asia-Pacific region.
Major market players included in this report are:
Hilton Worldwide
Accor Hotels
Hyatt Hotels
Rancho La Puerta, Inc.
Marriot International
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Rosewood Hotels
InterContinental Group
Omni Hotels & Resorts
Radisson Hospitality
Four Seasons Hotels
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Service Type:
Transport
Lodging
Food & Beverage
Shopping
Activities & Excursion
Others
By Location:
Domestic
International
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Content:
Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
Here is an overview of the different factual statements covered by the study:
The learn about consists of an area that breaks down strategic traits for the primary gamers in present and upcoming R&D, new product launches, collaborations, regional expansion, and mergers & acquisitions.
The lookup focuses on essential market traits such as revenue, product cost, potential and utilization rates, import/export rates, supply/demand figures, market share and CAGR.
The learn about is a series of analyzed records and a variety of barrels of house bought via a mixture of analytical equipment and an inside look up process.
The Market can be divided into 4 areas in accordance to the regional breakdown: North American Markets, European Markets, Asian Markets and Rest of the World.
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