Wellness Tourism Market Outlook 2023-2028 | Industry Overview Size, Share, Trends, Growth Analysis, Forecast

How Big is the Global 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.

What is Wellness Tourism?

Wellness tourism is a niche within the travel industry, primarily focused on promoting physical, mental, and spiritual well-being. It includes spa treatments, nutritional programs, fitness regimens, and holistic therapies like yoga and meditation. It involves traveling domestically or internationally with the primary aim of engaging in activities that contribute to physical, mental, or spiritual health. It is of two types, including primary wellness tourism and secondary wellness tourism, where wellness activities are part of a broader travel experience. It aims to enhance the health and quality of life of individuals, unlike conventional tourism. It offers benefits, such as stress reduction, improvement of mental clarity, and the promotion of healthier lifestyles, which in turn can lead to long-term healthcare cost savings.

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Global Wellness Tourism Market Trends and Drivers:

At present, the rising challenges, and pressures of a hectic lifestyle, encouraging individuals to seek experiences that offer relaxation and rejuvenation, represents one of the crucial factors impelling the market growth. Additionally, the increasing awareness about the importance of health and well-being is motivating more people to invest in wellness-oriented travel. Besides this, the growing shift towards holistic health practices, which strengthen the interconnection between physical, mental, and spiritual well-being, is increasing interest in wellness tourism experiences. Moreover, the rising initiatives in constructing wellness resorts and conducting campaigns for promoting the importance of wellness tourism are strengthening the market growth. In addition, the increasing availability of wellness apps, which can be integrated with wearable devices, is enhancing health maintenance practices, and encouraging individuals to adopt an active lifestyle. Furthermore, the growing awareness about mental health issues and the importance of stress reduction are driving interest in wellness retreats and programs that focus on mental well-being. Apart from this, the rising emergence of online and offline wellness communities and support networks is encouraging individuals to embark on wellness journeys together.

Global Wellness Tourism Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report 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)
Wyndham Hotels & Resorts Inc.

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The report segmented the market on the basis of region, travelers type, service type and location.

Breakup By Regions:

• 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

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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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.

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This release was published on openPR.