Global Wellness Tourism Market Overview
According to SPER Market Research, the Global Wellness Tourism Market is estimated to reach USD 2687.9 billion by 2032 with a CAGR of 12.68%.
A person's physical, mental, and spiritual well-being can be improved and enhanced by participation in wellness tourism activities. By participating in yoga, spa treatments, Pilates, meditation, and trips to hot spring resorts, tourists delight in physical, spiritual, and cerebral pursuits. The practice of conversing with residents at a destination who have travelled to and experienced many cultures fosters individual wellbeing. Wellness tourism, in contrast to medical tourism, emphasizes disease prevention. It places a focus on leading a healthy lifestyle and raising one's quality of life. In contrast, medical tourism entails treating an illness for which a diagnosis has already been made. A preventive measure to ensure health is wellness. The need for different well-being services has increased as more travellers travel the world. To guarantee consumer happiness, service providers are concentrating on providing spa therapies and other activities.
Additionally, it is anticipated that higher tourism sector spending will benefit the market. The popularity of mobiles, computers, and other networking devices is noticeably increasing with the rise in e-literacy. As consumers gradually switch from making traditional reservations to making reservations online, internet travel service providers attempt to make the planning and booking of trips easier for passengers. Additionally, the ability to compare the various available adventure travel options, quick and easy flight and hotel bookings, activity booking, increased customer trust in online payment, and activity booking all contribute to the growth of the online travel industry, which in turn drives the market.
Impact of COVID-19 on the Global Wellness Tourism Market
Nearly every consumer category has been affected by the COVID-19 pandemic, which has also changed consumer habits, stunted the growth of some companies, including parts of the health industry. The expansion of the wellness tourism sector during the pandemic has been fueled by the rise of telemedicine, at-home exercise, and digital therapy. The leading companies in industries like telemedicine and home fitness have made tremendous strides throughout the epidemic, influencing customer behavior and the future of the wellness industry. The market was significantly impacted by the COVID-19 pandemic. The chief causes of the market's decrease include restrictions on international travel, orders for delivery to customers' homes, and business closures. Several nations barred foreign travel and shut down international flights. As a result, there was a sharp decrease in the number of visitors. There have been firm closures, job losses, layoffs, and a fall in consumer spending power as a result of the abrupt global economic slowdown. People were discouraged from visiting abroad because of this and the fear of contracting an infection.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Service, By Travel Purpose, By Travel Type
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | Accor, Four Seasons Hotels Limited, Hilton, Hyatt Corporation, InterContinental Hotels Group, Marriot International, Inc., Niraamaya Wellness Retreat, Omni Hotels & Resorts, Radisson Hospitality, Rancho La Puerta, Inc., Rosewood Hotel Group
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Global Wellness Tourism Market Segmentation:
1. By Service:
- Food & Beverage
- In-country Transport
- Lodging
- Shopping
- Wellness Activities
- Others
2. By Travel Purpose:
3. By Travel Type:
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Wellness Tourism Market (FY’2019-FY’2032)
- Overview of Global Wellness Tourism Market
- Segmentation of Global Wellness Tourism Market By Service (Food & Beverage, In-country Transport, Lodging, Shopping, Wellness Activities, Others)
- Segmentation of Global Wellness Tourism Market By Travel Purpose (Primary, Secondary)
- Segmentation of Global Wellness Tourism Market By Travel Type (Domestic, International)
- Statistical Snap of Global Wellness Tourism Market
- Global Wellness Tourism Market Growth Analysis
- Problems and Challenges in Global Wellness Tourism Market
- Global Wellness Tourism Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global Wellness Tourism Market
- Details on Recent Investment in Global Wellness Tourism Market
- Competitive Analysis of Global Wellness Tourism Market
- Major Players in the Global Wellness Tourism Market
- SWOT Analysis of Global Wellness Tourism Market
- Global Wellness Tourism Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Wellness Tourism Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Wellness Tourism Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Wellness Tourism Market
7. Global Wellness Tourism Market, By Service, 2019-2032 (USD Million)
7.1 Food & Beverage
7.2 In-country Transport
7.3 Lodging
7.4 Shopping
7.5 Wellness Activities
7.6 Others
8. Global Wellness Tourism Market, By Travel Purpose, 2019-2032 (USD Million)
8.1 Primary
8.2 Secondary
9. Global Wellness Tourism Market, By Travel Type, 2019-2032 (USD Million)
9.1 Domestic
9.2 International
10. Global Wellness Tourism Market, By Region, 2019-2032 (USD Million)
10.1 Global Wellness Tourism Market and Market Share by Region (2019-2025)
10.2 Global Wellness Tourism Market and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11. Company Profiles
11.1 Accor
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 Four Seasons Hotels Limited
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Hilton
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Hyatt Corporation
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 InterContinental Hotels Group
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Marriot International, Inc.
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Niraamaya Wellness Retreat
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 Omni Hotels & Resorts
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 Radisson Hospitality
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
11.10 Rancho La Puerta, Inc.
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
11.11 Rosewood Hotel Group
11.11.1 Company details
11.11.2 Financial outlook
11.11.3 Product summary
11.11.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
