Wellness Tourism Market Growth, Share, Trends, Revenue, Size, Challenges and Future Opportunities 2033
Global Wellness Tourism Market Size- By Service, By Travel Purpose, By Travel Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2023 | Report ID: TRAT2303 | Pages: 1 - 228 | Formats*: |
| Category : Travel & Tourism | |||
Global Wellness Tourism Market Overview
According to SPER Market Research, the Global Wellness Tourism Market is estimated to reach USD 3034.37 billion by 2033 with a CAGR of 12.89%.
Wellness tourism is a category of travel that emphasises improving and increasing personal wellbeing via a variety of experiences and activities. It entails partaking in bodily, psychological, and spiritual exercises including yoga, meditation, spa treatments, and excursions to scenic and historical locations. Wellness tourism places more of an emphasis on preventive care and maintaining a healthy lifestyle than medical tourism, which focuses on treating certain medical disorders. Travellers look for locations and lodging that provide chances for relaxation, rejuvenation, and personal development through wellness-related services and amenities. Travellers may escape their regular routines and immerse themselves in activities that encourage self-care and balance thanks to the growing desire for holistic well-being.
Exploring the Growth Drivers of the Global Wellness Tourism Industry.
Several elements contribute to the growth and popularity of the global wellness tourism business. First of all, maintaining a healthy lifestyle is becoming more and more important to people all over the world. There is a growing desire for travel experiences that prioritise rest, renewal, and self-care as a result of this greater emphasis on health and wellness. Additionally, people now demand wellness-focused travel experiences as a way to escape and restore balance due to increased stress levels and fast-paced lifestyles. Travellers are looking for locations and lodging that provide a variety of wellness activities, such as yoga retreats, spa services, meditation classes, and healthy dining.
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What challenges does the Global Wellness Tourism Market face?
There are a number of obstacles that the global wellness tourism market must overcome in order to thrive and grow. The high expense of wellness tourism experiences is one of the main obstacles. The cost of many wellness retreats, spas, and lodgings with a wellness focus tends to exclude those travellers who can't afford such experiences. This exclusivity might limit market growth and reduce its accessibility to a larger audience.
The absence of uniform norms and laws in the wellness tourism sector is another issue. Travellers may find it difficult to distinguish between genuine, high-quality wellness experiences and those that are only advertised as such due to the large range of wellness products offered. This lack of standardisation threatens the industry's credibility and sense of confidence.
In what ways has the COVID-19 pandemic affected Global Wellness Tourism Market?
The COVID-19 pandemic has had a widespread impact on various consumer sectors, including the wellness tourism industry. Companies within the health industry, including parts of the wellness sector, have faced challenges and experienced changes in consumer behavior due to the pandemic. The growth of the wellness tourism sector during this time has been driven by the emergence of telemedicine, home-based exercise, and digital therapy services. Key players in telemedicine and home fitness have made significant advancements, influencing consumer preferences and shaping the future of the wellness industry. The pandemic has had a significant negative impact on the wellness tourism market, primarily due to restrictions on international travel, increased reliance on home deliveries, and the closure of businesses. Many countries implemented travel bans and suspended international flights, resulting in a sharp decline in tourist arrivals. This, coupled with the global economic slowdown, led to business closures, job losses, reduced consumer spending power, and a reluctance to travel abroad due to infection concerns.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Service, By Travel Purpose, By Travel Type |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| 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, Others |
Key Target Audience
- Destination Management Organizations (DMOs)
- Digital and Technology Providers
- Healthcare Providers
- Hospitality Industry
- Tourists
- Travel Agencies and Tour Operators
- Travel Insurance Providers
- Wellness Influencers and Media
- Wellness Product Manufacturers and Suppliers
- Wellness Retreats and Resorts
- Others
Global Wellness Tourism Market Segmentation:
1. By Service:
- Food & Beverage
- In-country Transport
- Lodging
- Shopping
- Wellness Activities
- Others
2. By Travel Purpose:
- Primary
- Secondary
3. By Travel Type:
- Domestic
- International
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Wellness Tourism Market Size (FY’2023-FY’2033)
- Overview of Global Wellness Tourism Market
- Segmentation of Global Wellness Tourism Market By Service (Food & Beverage, Wellness Activities, In-country Transport, Lodging, Shopping, Others)
- Segmentation of Global Wellness Tourism Market By Travel Purpose (Secondary, Primary)
- Segmentation of Global Wellness Tourism Market By Travel Type (International, Domestic)
- Statistical Snap of Global Wellness Tourism Market
- Growth Analysis of Global Wellness Tourism Market
- Problems and Challenges in Global Wellness Tourism Market
- Competitive Landscape in the Global Wellness Tourism Market
- 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
- Key Players in the Global Wellness Tourism Market
- SWOT Analysis of Global Wellness Tourism Market
- Global Wellness Tourism Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analystrom Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. 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. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Wellness Tourism Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Wellness Tourism Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Wellness Tourism Market
7. Global Wellness Tourism Market, By Service (USD Million)
7.1. Global Wellness Tourism Market Value Share and Forecast, By Service, 2023-20337.2. Food & Beverage7.3. In-country Transport7.4. Lodging7.5. Shopping7.6. Wellness Activities7.7. Others
8. Global Wellness Tourism Market, By Travel Purpose (USD Million)
8.1. Global Wellness Tourism Market Value Share and Forecast, By Travel Purpose, 2023-20338.2. Primary8.3. Secondary
9. Global Wellness Tourism Market, By Travel Type (USD Million)
9.1. Global Wellness Tourism Market Value Share and Forecast, By Travel Type, 2023-20339.2. Domestic9.3. International
10. Global Wellness Tourism Market Forecast, 2019-2033 (USD Million)
10.1. Global Wellness Tourism Market Size and Market Share
11. Global Wellness Tourism Market, By Service, 2019-2033 (USD Million)
11.1. Global Wellness Tourism Market Size and Market Share By Service (2019-2026)11.2. Global Wellness Tourism Market Size and Market Share By Service (2027-2033)
12. Global Wellness Tourism Market, By Travel Purpose, 2019-2033 (USD Million)
12.1. Global Wellness Tourism Market Size and Market Share By Travel Purpose (2019-2026)12.2. Global Wellness Tourism Market Size and Market Share By Travel Purpose (2027-2033)
13. Global Wellness Tourism Market, By Travel Type, 2019-2033 (USD Million)
13.1. Global Wellness Tourism Market Size and Market Share By Travel Type (2019-2026)13.2. Global Wellness Tourism Market Size and Market Share By Travel Type (2027-2033)
14. Global Wellness Tourism Market, By Region, 2019-2033 (USD Million)
14.1. Global Wellness Tourism Market Size and Market Share By Region (2019-2026)14.2. Global Wellness Tourism Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific
14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada14.6.2. Mexico14.6.3. United States
14.7. Latin America
14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. Accor
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. Four Seasons Hotels Limited
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Hilton
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Hyatt Corporation
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. InterContinental Hotels Group
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Marriot International, Inc.
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. Niraamaya Wellness Retreat
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Omni Hotels & Resorts
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary
15.8.4. Recent developments
15.9. Radisson Hospitality
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. Rancho La Puerta, Inc.
15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments
15.11. Rosewood Hotel Group
15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments
15.12. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. 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.
Frequently Asked Questions About This Report
Wellness Tourism Market is projected to reach USD 3034.37 billion by 2033, growing at a CAGR of 12.89% during the forecast period.
Wellness Tourism Market grew in market size from 2022. The Market is expected to reach USD 3034.37 billion by 2033, at a CAGR of 12.89% during the forecast period.
Wellness Tourism Market CAGR of 12.89% during the forecast period.
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Wellness Tourism Market size is USD 3034.37 billion from 2023 to 2033.
Wellness Tourism Market Segment is covered By Service, By Travel Purpose, By Travel Type.
The North America region is anticipated to have the highest market share in the Wellness Tourism Market.
The key players in the market include 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.
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.
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