Press release
Soaring Growth Forecasted for Wellness Tourism Market: From $895.09 billion in 2024 to $1411.62 billion in 2029
Wellness Tourism Market Size
What Is The Projected Market Size Of The Global Wellness Tourism Market And Its Growth Rate?
• The wellness tourism market size was $895.09 billion in 2024 and is expected to grow to $978.14 billion in 2025, a compound annual growth rate (CAGR) of 9.3%.
• Predicted growth from 2025 to 2029 is robust, with the market size expected to reach $1411.62 billion in 2029, marking a CAGR growth rate of 9.6%.
What Is Driving The Growth In The Wellness Tourism Market?
Increasing tourist spending on cultural and sports tourism is a key driver of the wellness tourism market's growth. Sports tourism, encompassing both observation and participation in sporting events, is an integral part of wellness tourism, aiding in the promotion of health and wellness. In fact, increasing tourist spending was highlighted by The Office for National Statistics, which noted that in the first quarter of 2024, overseas visitors made about 8.7 million trips to Great Britain, contributing an estimated £5.5 billion to the economy. This underscores the significant role of tourism expenditure in driving market growth.
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Who Are the Key Players Driving Wellness Tourism Market Growth?
• 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
What Are The Key Trends In The Wellness Tourism Market?
• Increasing tourist spending on cultural and sports tourism
• Strong economic growth in emerging markets
• Rising disposable income
• Aging population and early retirement
• Rapid urbanization
What Are The Segments Of The Global Wellness Tourism Market?
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
Which Region Leads The Wellness Tourism Market?
North America was the largest region in the wellness tourism market in 2024. Moreover, Asia-Pacific is expected to have the fastest growth rate in the forecast period as coverage extends to regions including Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Wellness Tourism Market Global Market Report?
- Market Size Analysis: Analyze the Wellness Tourism Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Wellness Tourism Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Wellness Tourism Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Wellness Tourism Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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