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Wellness Tourism Market Insights: Analyzing Key Trends, Market Share Dynamics, Competitive Landscape, and Growth Drivers Shaping Future Market Prospects
Wellness Tourism Market
As per the report, the wellness tourism market size has grown rapidly in recent years. It will grow from $810.14 billion in 2023 to $904.1 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The wellness tourism market size is expected to see rapid growth in the next few years. It will grow to $1369.22 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%.
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Tourist Spending On Cultural And Sports Tourism Boosts Wellness Tourism Market
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. Cultural and sports tourism is a part of wellness tourism, which helps in promoting health and well-being. For instance, according to a survey conducted by American Express, a US-based credit card company, in the year 2021, nearly 76% of the people participating in service are spending on tourism to improve their well-being. Also, 55% of the participants are paying extra money for wellness activities on their vacations. Therefore, increasing tourist spending is driving the growth of the wellness tourism market.
Innovative Technologies Driving Wellness Tourism Market Growth
New technological innovations have emerged as the key trend gaining popularity in the wellness tourism market. Major companies operating in the wellness tourism sector are focused on introducing new technologies to sustain their position in the market. For instance, in April 2021, Atmantan Wellness Centre, an India-based wellness tourism provider, launched Atmantan Naturals, a new wellness-tech platform with telehealth portal technology. This wellness center offers reversal treatments for diseases and cultivates natural herbal supplements with excellent efficiency. And also, an individual has access to various virtual consultations with various doctors and physicians with the help of telehealth portals at any time.
The wellness tourism market covered in this report is segmented -
1) By Service Type: Transport, Lodging, Food And Beverage, Shopping, Activities and Excursions, Other Services
2) By Travellers: Primary, Secondary
3) By Location: Domestic, International
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Major companies operating in the wellness tourism market report are Hilton Worldwide, Marriott International Inc, Four Seasons Hotels Ltd, Accor S.A, Hyatt Hotels Corporation, Intercontinental Hotels Group, Radisson Hotel Group, Rosewood Hotels & Resorts, Omni Hotels & Resorts, Canyon Ranch, Shanghai Lemen Business International Travel Service Co Ltd, Sangha Retreat, China Tourism, Culture Investment Group Co Ltd, Healing Holidays, Aman Resorts, The Healthy Holiday Company, Fit Reisen Group, Karma Group, Talent Courtyard, Akasha Wellness Retreat, Miraval Group, Alma Health & Spa, Lusha, Medko, Medifees.Com, Tropoo Inc., Idoctours, Trekr.Com, The Wellness Travel Expert, Cal A Vie Health Spa, Vacayou, Alchemy Wellness Resorts, Clinique La Prairie, Braemar Hotels & Resorts, Osthoff Resort, Bajos Del Toro, Tambo Del Inka, Tierra Patagonia, Nannai Resort & Spa, Nayara Resort, Gardens, Amaala, Travocure, Siro Wellness And Fitness Resorts, Six Senses Zighy Bay, Wellcube, Zulal Wellness Resort, Wesgro, Belmond Mount Nelson, Taj Cape Town, Santé Wellness Retreat & Spa, Aha Hotel & Game Lodge Group, The Hydro In Stellenbosch
Contents of the report:
1. Executive Summary
2. Wellness Tourism Market Report Structure
3. Wellness Tourism Market Trends And Strategies
4. Wellness Tourism Market - Macro Economic Scenario
5. Wellness Tourism Market Size And Growth
…..
27. Wellness Tourism Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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