Wellness Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Wellness Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


Market Overview:

The global wellness tourism market size reached US$ 889 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,327 Billion by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.

Wellness tourism is a lifestyle activity involving numerous trips that help empower and maintain one’s personal wellbeing. It is designed to emphasize authentic experiences and assist the purpose of healthy living, stress reduction, disease prevention, and minimizing poor lifestyle habits. It also aids in enriching the mental as well as physical health of individuals. Wellness tourism provides travel as an opportunity for relaxation and unwinding, the discovery of joy, and self-actualization to the masses. It consists of tours to several places and facilities that serve its purpose, including wellness resorts, wellness spas, hospitals, clinics, and fitness centers, where spa therapies and other wellness activities are provided to ensure customer satisfaction.

Wellness Tourism Market Trends:
The market is primarily driven by a considerable rise in travel and personal wellbeing expenditure. This can be attributed to the inflating disposable income levels of the masses. Besides this, with the increasingly hectic work schedules and sedentary lifestyles resulting in the rising prevalence of various lifestyle diseases among individuals, the growing preference for leading a healthy lifestyle is propelling the market growth. The market is further driven by continual technological advancements, such as convenient flights, hotel and activity bookings, and the ability to compare various available adventure travel options via online platforms. In addition to this, numerous research and development (R&D) activities, mergers and acquisitions (M&A) and partnership strategies by major market players to expand the geographical reach of wellness tourism are creating lucrative growth opportunities in the market. Some of the other factors further contributing to the market growth include rapid urbanization, a significant increase in e-literacy rates, and the increasing influence of social media on the global level.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wellness tourism market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on travelers type, service type and location.

Breakup by Travelers Type:

Primary
Secondary

Breakup by Service Type:

Transport
Lodging
Food and Beverage
Shopping
Activities and Excursion
Others

Breakup by Location:

Domestic
International

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accor S.A., Four Seasons Hotels Limited, Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, InterContinental Hotels Group plc, Marriott International Inc., Radisson Hospitality Inc. (Jin Jiang International Co. Ltd.), Rancho La Puerta Inc., Red Carnation Hotels (The Travel Corporation), Rosewood Hotel Group (New World Development Company Limited) and Wyndham Hotels & Resorts Inc.

Key Questions Answered in This Report:
How has the global wellness tourism market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global wellness tourism market?
What are the key regional markets?
What is the breakup of the market based on the travelers type?
What is the breakup of the market based on the service type?
What is the breakup of the market based on the location?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global wellness tourism market and who are the key players?
What is the degree of competition in the industry?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Wellness Tourism Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Travelers Type
6.1 Primary
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Secondary
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Service Type
7.1 Transport
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Lodging
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Food and Beverage
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Shopping
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Activities and Excursion
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Location
8.1 Domestic
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 International
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Accor S.A.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Four Seasons Hotels Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 SWOT Analysis
14.3.3 Hilton Worldwide Holdings Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Hyatt Hotels Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 InterContinental Hotels Group plc
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Marriott International Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Radisson Hospitality Inc. (Jin Jiang International Co. Ltd.)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Rancho La Puerta Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Red Carnation Hotels (The Travel Corporation)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Rosewood Hotel Group (New World Development Company Limited)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Wyndham Hotels & Resorts Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials

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