Wellness tourism market
Dublin, Aug. 11, 2022 (GLOBE NEWSWIRE) — The report “Wellness Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.
The global wellness tourism market reached a value of US$822.44 billion in 2021. Looking ahead, the publisher expects the market to reach a value of US$1,250.27 billion. US dollars by 2027, growing at a CAGR of 7.23% in 2021-2027. Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic on different end-use sectors. This information is included in the report as a major market contributor.
Wellness tourism is a lifestyle activity involving extensive travel that helps build and maintain one’s personal well-being. It is designed to emphasize authentic experiences and contribute to the goal of healthy living, stress reduction, disease prevention, and reduction of bad lifestyle habits.
It also helps in enriching the mental and physical health of individuals. Wellness tourism offers the masses travel as an opportunity to unwind and relax, discover joy and achieve self-realization. It consists of visits to several places and facilities that serve its purpose, including wellness centers, wellness spas, hospitals, clinics and fitness centers, where spa and massage therapies Other wellness activities are offered to ensure guest satisfaction.
Wellness Tourism Market Trends:
The market is mainly driven by a huge increase in travel and personal wellness spending. This can be attributed to the inflation of disposable income levels of the masses. Further, with the increasingly hectic work schedules and sedentary lifestyles resulting in the increasing prevalence of various lifestyle-related diseases among individuals, the rising preference for healthy lifestyle is propelling the growth of the market.
The market is further boosted by continuous technological advancements, such as convenient flights, hotel and activity bookings, and the ability to compare various adventure travel options available through online platforms.
In addition to this, numerous research and development (R&D), mergers and acquisitions (M&A), and partnership strategies by major market players to expand the geographical reach of wellness tourism are creating growth opportunities lucrative in the market. Some of the other factors further contributing to the growth of the market include rapid urbanization, significant increase in online literacy rates, and growing influence of social media globally.
The competitive landscape of the industry was also examined along with the profiles of major players, namely Accor SA, 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.
Answers to key questions in this report:
How has the global wellness tourism market behaved so far and how will it behave in the years to come?
What has been the impact of COVID-19 on the global wellness tourism market?
What are the main regional markets?
What is the market breakdown by type of traveler?
What is the market breakdown by type of service?
What is the market breakdown by location?
What are the different stages of the industry value chain?
What are the key drivers and challenges in the industry?
What is the structure of the global wellness tourism market and who are the key players?
How competitive is the industry?
Main topics covered:
2 Scope and methodology
3 Executive summary
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 Breakdown by Traveler Type
6.1.1 Market trends
6.1.2 Market Forecast
6.2.1 Market trends
6.2.2 Market Forecast
7 Market Breakdown by Service Type
7.1.1 Market trends
7.1.2 Market Forecast
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Food and drink
7.3.1 Market trends
7.3.2 Market Forecast
7.4.1 Market trends
7.4.2 Market Forecast
7.5 Activities and excursions
7.5.1 Market trends
7.5.2 Market Forecast
7.6.1 Market trends
7.6.2 Market Forecast
8 Market Breakdown by Location
8.1.1 Market trends
8.1.2 Market Forecast
8.2.1 Market trends
8.2.2 Market Forecast
9 Market Breakdown by Region
10 SWOT Analysis
11 Value chain analysis
12 Analysis of the five forces of carriers
13 Price Analysis
14 Competitive landscape
14.1 Market structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Accor SA
220.127.116.11 Company overview
18.104.22.168 Product Portfolio
22.214.171.124 SWOT Analysis
14.3.2 Four Seasons Hotels Limited
126.96.36.199 Presentation of the company
188.8.131.52 Product portfolio
184.108.40.206 SWOT Analysis
14.3.3 Hilton Worldwide Holdings Inc.
220.127.116.11 Company overview
18.104.22.168 Product Portfolio
22.214.171.124 SWOT Analysis
14.3.4 Hyatt Hotels Corporation
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 SWOT Analysis
14.3.5 InterContinental Hotels Group plc
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 SWOT Analysis
14.3.6 Marriott International Inc.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 SWOT Analysis
14.3.7 Radisson Hospitality Inc. (Jin Jiang International Co. Ltd.)
220.127.116.11 Company Overview
18.104.22.168 Product portfolio
14.3.8 Rancho La Puerta Inc.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
14.3.9 Red Carnation Hotels (The Travel Corporation)
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
14.3.10 Rosewood Hotel Group (New World Development Company Limited)
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
14.3.11 Wyndham Hotels & Resorts Inc.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/4brchf
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