Press release
Wellness Tourism Market Report 2023: Industry Overview, Size, Share, Growth & Forecast till 2028
Wellness Tourism Market
The global wellness tourism market size reached US$ 889 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,327 Billion by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.
Wellness tourism, which is also referred to as health tourism or medical tourism, centers on the concept of traveling with the intention of promoting health, well-being, and relaxation. It entails individuals or groups journeying to particular destinations with the aim of enhancing their physical, mental, or spiritual health. This form of tourism encompasses a broad spectrum of activities, services, and experiences that contribute to holistic well-being. By reducing stress, preventing illnesses, addressing unhealthy behaviors, and nurturing mental and physical health, it offers individuals a chance to enhance their overall quality of life.
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Market Trends -
The global demand for wellness tourism is propelled by the increasing prevalence of chronic lifestyle diseases caused by sedentary lifestyles, unhealthy eating habits, high stress levels, and excessive screen time. In response, governing bodies in numerous countries are implementing initiatives to promote wellness tourism. Furthermore, consumers are displaying a rising interest in a wide range of wellness services, including spas, gyms, and clubs, which is driving market growth. Additionally, rapid urbanization and improved income levels are leading to greater adoption of natural treatment options like hot springs and thermal baths for various ailments. The growing influence of social media and the endorsement of wellness tourism by celebrities are also contributing to a favorable market outlook.
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Key Market Segmentation:
The report provides detailed segmentation of the global Wellness Tourism Market based on travellers type, service type, location and region.
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 Region:
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
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Key Market Players are:
The report provides a comprehensive analysis of the industry key players listed below:
The major players in the market are: 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) and Wyndham Hotels & Resorts Inc.
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Contact Us:
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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