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Wellness Tourism Global Market 2023 - Latest Research, Industry Insights, Emerging Opportunities And Future Outlook By 2032
Wellness Tourism Market
Wellness Tourism Market Size, Growth Rate, And Forecast
The global wellness tourism market size grew from $821.75 billion in 2022 to $819.9 billion in 2023 at a compound annual growth rate (CAGR) of -0.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wellness tourism market size is expected to grow to $1178.93 billion in 2027 at a CAGR of 9.5%.
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Wellness Tourism Market Drivers
The increase in tourist spending on cultural and sports tourism is expected to propel the growth of the wellness tourism market going forward. Sports tourism refers to travel that involves both observing and participating in a sporting event while staying in the tourist's usual environment.
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Wellness Tourism Market Segments
• By Service Type: Transport, Lodging, Food and Beverage, Shopping, Activities and Excursions, Other Services
• By Travelers Type: Primary, Secondary
• By Location: Domestic, International
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Wellness Tourism market.
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Wellness Tourism Market Key Players
Major competitors in the Wellness Tourism market include Accor S.A, Canyon Ranch, Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, Marriott International Inc.
The Business Research Company's "Global Wellness Tourism Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Wellness Tourism Market Include:
1. Executive Summary
2. Wellness Tourism Market Characteristics
3. Wellness Tourism Market Trends And Strategies
4. Wellness Tourism Market - Macro Economic Scenario
5. Wellness Tourism Market Size And Growth
.................
26. Africa Wellness Tourism Market
27. Wellness Tourism Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wellness Tourism Market
29. Wellness Tourism Market Future Outlook and Potential Analysis
30. Appendix
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