Wellness Tourism

Wellness Tourism Market Size is Estimated to be US$ 1,672.6 Bn by 2030 Wellness Tourism Market (By Service: Lodging, Food, Transport, Beverage, Wellness activity, and Others; By Destination: International and Domestic; By Traveler: Primary and Secondary) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 - 2030

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Trusted projections cite that the wellness tourism market is predicted to record a growth rate of 7.7% from 2021-2030 and is projected to reach US$ 1,672.6 billion by 2030.

The study provides the overall revenue of the global wellness tourism market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global wellness tourism market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the wellness tourism industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Crucial factors accountable for market growth are:

  • Rapid growth of middle-class
  • Rising disposable income
  • Increasing government investments on infrastructure and connectivity
  • Rising awareness regarding wellness tourism
  • Growing penetration of internet and smart devices like smartphones
  • Increasing influence of social media
  • Growing prevalence of mental and physical disease
  • Increasing consumer expenditure on health and wellness

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Report Scope of the Wellness Tourism Market

Report Coverage Details
Market Size USD 1,672.6 Billion by 2030
Growth Rate CAGR of 7.7% From 2021 to 2030
Base Year 2020
Forecast Period 2021 to 2030
By Service
  • Lodging
  • Transport
  • Food & Beverage
  • Wellness activity
  • Others
By Destination
  • International
  • Domestic
By Traveler
  • Primary
  • Secondary
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Companies Mentioned Hilton Worldwide, InterContinental Group, Marriot International, Hyatt Hotels, Accor Hotels, Four Seasons Hotels, Radisson Hospitality, Rosewood Hotels, Rancho La Puerta, Inc., PRAVASSA, Omni Hotels & Resorts

Report Highlights

  • By service, lodging segment led the global wellness tourism market with remarkable revenue share in 2020. This is attributed to the rapid growth of the large hotel chains that also provides exotic therapies such as rejuvenation programs, spa treatments, and other wellness services.
  • By destination, the domestic segment led the global wellness tourism market. This is majorly due to the government support to boost domestic tourism. Domestic tourism is used as a tool for generating employment, improve infrastructure, and hence boost economic growth of the country.
  • By traveler, the secondary segment led the global wellness tourism market because of the cost saving benefit. Generally a person visiting for any purpose such as business meeting, there are high chances of him to include wellness activities in his trip that allows him to gain dual benefits of business with wellness at less cost.

Regional Snapshots

Based on the region, the North America dominated the global wellness tourism market in 2020, in terms North America is the dominating wellness tourism market. The US alone attracts more than 33% of the global wellness tourism expenditure. The aggressive marketing by the top players regarding the importance of physical and psychological wellness being attained through yoga, rejuvenation therapies, herbal treatment, meditation, agricultural tourism, and spa therapies in an exotic destination is a major factor that shaped the wellness tourism market in North America. The basic idea was to make people aware that visiting to a foreign place and attaining various local therapies is beneficial for mental and physical health. This idea was well supported by the rising disposable income of the consumers, demand for healthy and active lifestyle, and increased consumer expenditure on health and wellness.

Asia Pacific is estimated to be the fastest-growing wellness tourism market owing to the growing popularity of various exotic destinations in Asia Pacific such as China, mountain ranges of India, Malaysia, and Singapore. Moreover, the growing penetration of hotel chains equipped with wellness centers to provide massages, spa treatments, herbal treatments, and rejuvenation programs have positively impacted the market growth in this region.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global wellness tourism market are as follows:

  • Hilton Worldwide
  • Accor Hotels
  • Marriot International
  • Hyatt Hotels
  • Rosewood Hotels
  • InterContinental Group
  • Radisson Hospitality
  • Rancho La Puerta, Inc.
  • PRAVASSA
  • Omni Hotels & Resorts
  • Four Seasons Hotels

Segments Covered in the Report

By Service

  • Lodging
  • Food
  • Transport
  • Beverage
  • Wellness activity
  • Others

By Destination

  • International
  • Domestic

By Traveler

  • Primary
  • Secondary

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the wellness tourism market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global wellness tourism market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for wellness tourism are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Wellness Tourism Market, By Service

7.1. Wellness Tourism Market, by Service Type, 2021-2030

7.1.1. Lodging

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Food

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Beverage

7.1.3.1. Market Revenue and Forecast (2017-2030)

7.1.4. Transport

7.1.4.1. Market Revenue and Forecast (2017-2030)

7.1.5. Wellness activity

7.1.5.1. Market Revenue and Forecast (2017-2030)

7.1.6. Others

7.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Wellness Tourism Market, By Destination

8.1. Wellness Tourism Market, by Destination, 2021-2030

8.1.1. International

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Domestic

8.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Wellness Tourism Market, By Traveler 

9.1. Wellness Tourism Market, by Traveler, 2021-2030

9.1.1. Primary

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Secondary

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Wellness Tourism Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Service (2017-2030)

10.1.2. Market Revenue and Forecast, by Destination (2017-2030)

10.1.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Service (2017-2030)

10.1.4.2. Market Revenue and Forecast, by Destination (2017-2030)

10.1.4.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Service (2017-2030)

10.1.5.2. Market Revenue and Forecast, by Destination (2017-2030)

10.1.5.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Service (2017-2030)

10.2.2. Market Revenue and Forecast, by Destination (2017-2030)

10.2.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Service (2017-2030)

10.2.4.2. Market Revenue and Forecast, by Destination (2017-2030)

10.2.4.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Service (2017-2030)

10.2.5.2. Market Revenue and Forecast, by Destination (2017-2030)

10.2.5.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Service (2017-2030)

10.2.6.2. Market Revenue and Forecast, by Destination (2017-2030)

10.2.6.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Service (2017-2030)

10.2.7.2. Market Revenue and Forecast, by Destination (2017-2030)

10.2.7.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Service (2017-2030)

10.3.2. Market Revenue and Forecast, by Destination (2017-2030)

10.3.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Service (2017-2030)

10.3.4.2. Market Revenue and Forecast, by Destination (2017-2030)

10.3.4.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Service (2017-2030)

10.3.5.2. Market Revenue and Forecast, by Destination (2017-2030)

10.3.5.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Service (2017-2030)

10.3.6.2. Market Revenue and Forecast, by Destination (2017-2030)

10.3.6.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Service (2017-2030)

10.3.7.2. Market Revenue and Forecast, by Destination (2017-2030)

10.3.7.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Service (2017-2030)

10.4.2. Market Revenue and Forecast, by Destination (2017-2030)

10.4.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Service (2017-2030)

10.4.4.2. Market Revenue and Forecast, by Destination (2017-2030)

10.4.4.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Service (2017-2030)

10.4.5.2. Market Revenue and Forecast, by Destination (2017-2030)

10.4.5.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Service (2017-2030)

10.4.6.2. Market Revenue and Forecast, by Destination (2017-2030)

10.4.6.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Service (2017-2030)

10.4.7.2. Market Revenue and Forecast, by Destination (2017-2030)

10.4.7.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Service (2017-2030)

10.5.2. Market Revenue and Forecast, by Destination (2017-2030)

10.5.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Service (2017-2030)

10.5.4.2. Market Revenue and Forecast, by Destination (2017-2030)

10.5.4.3. Market Revenue and Forecast, by Traveler (2017-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Service (2017-2030)

10.5.5.2. Market Revenue and Forecast, by Destination (2017-2030)

10.5.5.3. Market Revenue and Forecast, by Traveler (2017-2030)

Chapter 11. Company Profiles

11.1. Hilton Worldwide

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Accor Hotels

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Marriot International

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Hyatt Hotels

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Rosewood Hotels

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. InterContinental Group

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Radisson Hospitality

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Rancho La Puerta, Inc.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. PRAVASSA

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Omni Hotels & Resorts

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

11.11. Four Seasons Hotels

11.11.1. Company Overview

11.11.2. Product Offerings

11.11.3. Financial Performance

11.11.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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