Wellness Tourism Market Size, Share, Revenue | Industry Growth 2022-27

According to the latest report by IMARC Group, title “Wellness Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global wellness tourism market size reached US$ 822.44 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,250.27 Billion by 2027, exhibiting a CAGR of 7.02% during 2022-2027.

Wellness Tourism Industry Outlook:

Wellness tourism refers to a lifestyle activity involving various trips that maintain and empower an individual’s well-being. It is formed to intensify authentic experiences and help the purpose of stress reduction, disease prevention, healthy living, and minimizing poor lifestyle habits. It also assists in the improvement of one’s mental and physical health. It involves tours to various places and facilities that fulfill its purposes, such as hospitals, wellness spas, wellness resorts, clinics, and fitness centers where wellness activities are conducted to ensure customer satisfaction.

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Market Trends:

One of the primary factors driving the market is the significant increase in travel and personal well-being expenditure. Other than this, the growing incidence of lifestyle diseases due to sedentary lifestyles has led to the preference for leading a healthy lifestyle, which is contributing to the market growth. Besides this, the inflating income levels and rising health consciousness among the masses are also creating a positive market outlook.

Apart from this, technological advancements, including hotel and activity bookings, convenient flights, and the capability to compare several available adventure travel options through online platforms, are driving the market. Furthermore, extensive investment in research and development (R&D) activities, mergers and acquisitions (M&A) and various partnership strategies by market players are strengthening the market growth. Other major growth-inducing factors include rapid urbanization, increasing e-literacy rates, and growing social media influence worldwide.

Key Market Segmentation:

The report has been segmented the market into following categories:

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 Geography:

• 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

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List of Key Companies Covered in this Market Report:

The major players in the market are 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.

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About IMARC Group:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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