Africa Wellness Tourism Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
Wellness tourism is a type of tourism where people travel to places for the betterment of their physical or mental state. The growing interests of the tourists towards the sectors such as health, travel, and foods are the factors driving the growth of the market over the forecast period. The factors such as rising disposable income have increased the customers' expenditures towards different services of social and healthy wellbeing, thereby anticipating the market growth. The wellness tourism market is driven by the rising hectic lifestyles characterized by work-related stress which will, in turn, favor the services such as spa, yoga programs, lodging, and boarding, among others. Vendors in the market are focusing on providing quality services to gain a competitive edge. The rising number of market players are concentrating on offering lucrative and customized service packages targeting various classes of the consumers has increased the competition in the market, thereby favoring the interests of the consumers to opt for experiential travels. This, in turn, will augment the market growth.
Key Market TrendsIncreasing Number of Tourists in South AfricaSouth Africa’s rich cultural and natural resources are the primary offerings of the country’s tourism sector. Developing wellness tourism in South Africa will boost the economy and provide the country with a competitive edge as a tourism destination. The rising number of tourist destinations in South Africa has attracted more customers from the international market. An increasing number of tourists from various developed and developing countries prefer spending on wellness traveling plans to maintain their well-being and health. As maintaining health and well-being is becoming important, the leading players in the hospitality sector are increasingly capitalizing on health-conscious customers. A sedentary lifestyle and surge in disposable income are expected to boost the demand for wellness tourism due to the rise in the number of health-conscious people.
Domestic Travel Type Segment Hold the Largest Market ShareThe domestic segment among the travel type segments is projected to continue to account for the highest revenue share owing to increasing expenditure for domestic wellness activities. The growing preference for affordable facilities in proximity rather than long-distance retreats in a different country is driving the growth prospects for the health and wellness tourism market in the domestic wellness tourism segment. Majority of these travellers comprises primary wellness travellers who look for spa treatments or beauty enhancement treatments. The volume of domestic wellness travellers will continue to increase throughout the forecasted period due to the inclusion of these treatments within domestic regions.
Competitive LandscapeThe report covers major international players operating in the Africa Wellness Tourism Market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook