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Wellness Tourism Global Market Report 2023

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    Report

  • 200 Pages
  • March 2023
  • Region: Global
  • The Business Research Company
  • ID: 5766926

Quick Summary:

In the dynamic and ever-growing industry of health and wellbeing, the role of wellness tourism has established itself as a prominent catalyst of growth. The significance and potential growth of this market are the prime subjects of our comprehensive market research report, which offers detailed insights into international, domestic, primary, and secondary wellness tourism. With wellness tourism on a steady rise, this report will provide you with the right tools to stay ahead of the curve and redefine your businesses' strategic approach.

This research report steers you through a myriad of segments such as transport, lodging, activities, excursions, and many more services that form the core of the wellness tourism market. Our analysis provides insiders' view of current trends, opportunities, competitive landscape, and regional market shares. Furthermore, the report underscores major players, best practices, and recent technological innovations that have been shaping the market today, featuring examples like Atmantan Wellness Centre. In the increasingly competitive wellness tourism sector, this report carves out market intelligence that can aid in creating impactful strategies for your organization.

Wellness tourism is tourism that is associated with the pursuit of maintaining or enhancing one's personal wellbeing.Thewellbeing. The wellness tourism is used to promote health and well-being through psychological, physical, or spiritual activities.

The main types of services in wellness tourism are transport, lodging, food and beverages, shopping, activities and excursions, and other types of services. The transport market provides transport services. Transportation arrangements are made for patients with spinal injuries, fractures, craniocerebral injuries, and other injuries. Transport from the hotel or medical center to the airport or station is provided to the patient and attending persons after the completion of treatment, check-up, recovery, or after surgical interventions and rehabilitation. The various travel types include primary, and secondary which are available at different locations such as domestic, and international.

The global wellness tourism market grew from $821.75 billion in 2022 to $819.9 billion in 2023 at a compound annual growth rate (CAGR) of -0.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wellness tourism market is expected to grow to $1178.93 billion in 2027 at a CAGR of 9.5%.

The wellness tourism market consists of sales of wellness tourism services by entities (organizations, sole traders, and partnerships) that are used to promote health and well-being through psychological, physical, or spiritual activities. Wellness tourism is tourism that is associated with the pursuit of maintaining or enhancing one's personal wellbeing.

The wellness tourism market research report is one of a series of new reports that provides wellness tourism market statistics, including wellness tourism industry global market size, regional shares, competitors with a wellness tourism market share, detailed wellness tourism market segments, market trends and opportunities, and any further data you may need to thrive in the wellness tourism industry. This wellness tourism market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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.

In November 2021, PH91 Pvt Ltd., an India-based e-commerce company, acquired Expertomind for an undisclosed amount. The acquisition would expand wellness tourism portfolio of the company and help it better serve the customers. Expertomind is a manufacturer of wellness products.

February 2019, InterContinental Hotels Group (IHG), a UK-based multinational hospitality group, acquired Six Senses Hotels, Resorts, and Spas for a deal amount of $300 million. The acquisition gives IHG immediate access to some of the most sought-after destinations in the world and broadens its reach to a community of rich travelers and new owners. Six Senses Hotels, Resorts, and Spas is a Thailand-based hospitality brand in the top-tier luxury and wellness offerings segment.

North America was the largest region in the wellness tourism market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wellness tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the wellness tourism market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The increasing 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.

The wellness tourism market includes revenue earned by entities by culinary wellness, ayurveda, spa and wine retreats and eco-tourism retreats.Theretreats. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Major players in the wellness tourism market are Accor S.A, Canyon Ranch, Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, Marriott International Inc., Pravassa, Radisson Hospitality Inc., Omni Hotels & Resorts, Rosewood Hotels & Resorts, Four Seasons Hotels Limited, Home Inns Group, Choice Hotels International, InterContinental Group, Red Carnation Hotels, Mövenpick Hotels & Resorts, Shangri-La Hotels and Resorts, Starwood Hotels and Resorts Worldwide, Miraval Group, and InterContinental Hotels Group plc.



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Frequently Asked Questions about the Global Wellness Tourism Market

What is the estimated value of the Global Wellness Tourism Market?

The Global Wellness Tourism Market was estimated to be valued at $819.9 billion in 2023.

What is the growth rate of the Global Wellness Tourism Market?

The growth rate of the Global Wellness Tourism Market is 9.5%, with an estimated value of $1178.93 billion by 2027.

What is the forecasted size of the Global Wellness Tourism Market?

The Global Wellness Tourism Market is estimated to be worth $1178.93 billion by 2027.

Who are the key companies in the Global Wellness Tourism Market?

Key companies in the Global Wellness Tourism Market include Accor S.A, Canyon Ranch, Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, Marriott International Inc., Pravassa, Radisson Hospitality Inc., Omni Hotels & Resorts, Rosewood Hotels & Resorts and Four Seasons Hotels Limited.

Table of Contents

1. Executive Summary

2. Wellness Tourism Market Characteristics

3. Wellness Tourism Market Trends And Strategies

4. Wellness Tourism Market - Macro Economic Scenario
4.1 COVID-19 Impact On Wellness Tourism Market
4.2 Ukraine-Russia War Impact On Wellness Tourism Market
4.3 Impact Of High Inflation On Wellness Tourism Market

5. Wellness Tourism Market Size And Growth
5.1. Global Wellness Tourism Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Wellness Tourism Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Wellness Tourism Market Segmentation
6.1. Global Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Transport
  • Lodging
  • Food and Beverage
  • Shopping
  • Activities and Excursion
  • Other Services
6.2. Global Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Primary
  • Secondary
6.3. Global Wellness Tourism Market, Segmentation By Location, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Domestic
  • International
7. Wellness Tourism Market Regional And Country Analysis
7.1. Global Wellness Tourism Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Wellness Tourism Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Wellness Tourism Market
8.1. Asia-Pacific Wellness Tourism Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Wellness Tourism Market
9.1. China Wellness Tourism Market Overview
9.2. China Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Wellness Tourism Market
10.1. India Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Wellness Tourism Market
11.1. Japan Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Wellness Tourism Market
12.1. Australia Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Wellness Tourism Market
13.1. Indonesia Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Wellness Tourism Market
14.1. South Korea Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Wellness Tourism Market
15.1. Western Europe Wellness Tourism Market Overview
15.2. Western Europe Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Wellness Tourism Market
16.1. UK Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Wellness Tourism Market
17.1. Germany Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Wellness Tourism Market
18.1. France Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Wellness Tourism Market
19.1. Eastern Europe Wellness Tourism Market Overview
19.2. Eastern Europe Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Wellness Tourism Market
20.1. Russia Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Wellness Tourism Market
21.1. North America Wellness Tourism Market Overview
21.2. North America Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Wellness Tourism Market
22.1. USA Wellness Tourism Market Overview
22.2. USA Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Wellness Tourism Market
23.1. South America Wellness Tourism Market Overview
23.2. South America Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Wellness Tourism Market
24.1. Brazil Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Wellness Tourism Market
25.1. Middle East Wellness Tourism Market Overview
25.2. Middle East Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Wellness Tourism Market
26.1. Africa Wellness Tourism Market Overview
26.2. Africa Wellness Tourism Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Wellness Tourism Market, Segmentation By Travelers Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Wellness Tourism Market Competitive Landscape And Company Profiles
27.1. Wellness Tourism Market Competitive Landscape
27.2. Wellness Tourism Market Company Profiles
27.2.1. Accor S.A
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Canyon Ranch
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Hilton Worldwide Holdings Inc.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Hyatt Hotels Corporation
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Marriott International Inc.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Wellness Tourism Market

29. Wellness Tourism Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer

Executive Summary

Wellness Tourism Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on wellness tourism market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for wellness tourism? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wellness tourism market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Service Type: Transport; Lodging; Food and Beverage; Shopping; Activities and Excursion; Other Services
2) By Travelers Type: Primary; Secondary
3) By Location: Domestic; International

Companies Mentioned: Accor S.A; Canyon Ranch; Hilton Worldwide Holdings Inc.,; Hyatt Hotels Corporation; Marriott International Inc.,

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Accor S.A
  • Canyon Ranch
  • Hilton Worldwide Holdings Inc.
  • Hyatt Hotels Corporation
  • Marriott International Inc.
  • Pravassa
  • Radisson Hospitality Inc.
  • Omni Hotels & Resorts
  • Rosewood Hotels & Resorts
  • Four Seasons Hotels Limited
  • Home Inns Group
  • Choice Hotels International
  • InterContinental Group
  • Red Carnation Hotels
  • Mövenpick Hotels & Resorts
  • Shangri-La Hotels and Resorts
  • Starwood Hotels and Resorts Worldwide
  • Miraval Group
  • InterContinental Hotels Group plc

Methodology

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