Wellness Tourism Market Size - By Service, By Travel Purpose, By Travel Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Description

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.

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.

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

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

Global Wellness Tourism Market Segmentation:

By Service: Based on the Service, Global Wellness Tourism Market is segmented as; Food & Beverage, In-country Transport, Lodging, Shopping, Wellness Activities, Others.

By Travel Purpose: Based on the Travel Purpose, Global Wellness Tourism Market is segmented as; Primary, Secondary.

By Travel Type: Based on the Travel Type, Global Wellness Tourism Market is segmented as; Domestic, International.

By Region: According to region, North America dominated the wellness tourism market, held the largest market share, and is anticipated to maintain its dominance for the duration of the projected period. North America is one of the largest markets for the wellness tourism sector, which can be attributed to the rapidly expanding demand for health and wellbeing.

Product Code: TRAT2303

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