Global Wellness Tourism Market

Wellness Tourism Market Size, Share, Growth Analysis, By Service(In-country Transport, Lodging, Food & Beverage, Wellness Activities), By Travel Purpose(Primary and Secondary), By Travel Type(Domestic and International), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2416 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 89 | Figures: 76

Wellness Tourism Market Insights

Global Wellness Tourism Market size was valued at USD 814.60 Billion in 2022 and is poised to grow from USD 915.77 Billion in 2023 to USD 2336.34 Billion by 2031, at a CAGR of 12.42% during the forecast period (2024-2031). 

Wellness tourism is travel that is done with the intention of improving or preserving one's own well-being. The desire for a healthy lifestyle, the prevention of illness, the reduction of stress, the control of unhealthy lifestyle choices, and/or genuine experiences are what drive it. With the assistance of the wellness industry, the customers are able to take a travel in a different way – as an opportunity for rest and rejuvenation, fun and self-discovery, and exploration. Nowadays, individuals travel to a myriad of establishments and places such as, ask, hospitals, wellness spas, fitness markets and wellness resorts, in pursuit of improving their mental or physical health. This shifting lifestyle is what opens wellness tourism, which works towards the enhancement of both health and wellbeing with a range of activities of a spiritual nature, psychological and physical elements. 

To maintain a healthy lifestyle, lower stress, prevent disease, and improve their wellbeing, tourists are more likely to interact with locals and learn about their nature and culture. This is expected to fuel the growth of the global wellness tourism market. Computers, smartphones, and other networking devices are becoming increasingly popular as e-literacy rises. As customers gradually switch from traditional to online reservations, online travel service companies seek to make trip planning and booking easier for passengers. Additionally, the growth of the online travel business is driven by the ability to evaluate different adventure travel options, quick and convenient bookings for flights and hotels, booking activities, and an increase in customer trust in online payments. All of these factors contribute to the market's expansion.

US Wellness Tourism Market is poised to grow at sustainable CAGR for the next forecast year.

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Global Wellness Tourism Market size was valued at USD 814.60 Billion in 2022 and is poised to grow from USD 915.77 Billion in 2023 to USD 2336.34 Billion by 2031, at a CAGR of 12.42% during the forecast period (2024-2031). 

India compared to other countries has certain unique advantages such as more natural spas, wellness resorts, climatic conditions, Ayurvedic trained physicians, followers of alternative medicine to Allopathy and ayurveda in curing health concerns etc. The global wellness tourism market in India is represented by several big players such as Six Senses, Canyon Ranch and Ananda in the Himalayas who aim to provide an integrated approach to wellbeing. Besides hosting such attractions, well known brands like Spafinder, Well and Good also address the need for wellness travel services. This just shows that there is increased focus on health and wellbeing of the people, and this is in turn making organizations venture into new ideas to improve their wellness offerings. 'Canyon Ranch', 'Miraval Resorts', 'Six Senses Hotels Resorts Spas', 'COMO Hotels and Resorts', 'Ananda in the Himalayas', 'Kamalaya Wellness Sanctuary & Holistic Spa', 'Chiva-Som International Health Resort', 'Lanserhof', 'SHA Wellness Clinic', 'The Ranch Malibu', 'Gwinganna Lifestyle Retreat', 'BodyHoliday Saint Lucia', 'Aro Ha Wellness Retreat', 'Mii amo, a destination spa at Enchantment Resort', 'Rancho La Puerta', 'Golden Door', 'Borgo Egnazia', 'Aman Wellness Resorts', 'Ojai Valley Inn', 'Mirbeau Inn & Spa'

The growth of the global wellness tourism market is greatly attributed to the elevation of health and wellness awareness among people. Since most people have found the need to care for their physical and mental health, they find the need to travel for purposes that offer relaxation as well as restoration of body and mind. This trend of a very active and healthy way of life creates a market for demand for wellness cabins or enclosures, spa treatments, and wellness activities. 

Rise of Holistic Wellness Experiences: The growth of wellness tourism across the globe is being characterized by a fitting trend which allows travelers to embrace overall well-being packages that combine health, physical and psychological authorities. There is a focus on services such as yoga, detox, and mindfulness workshops to meet the increasing demand for health travel which focuses on all aspects of health. 

The global wellness tourism market is anticipated to be high in demand in North America due to the existing culture that supports health and wellness as the already achieved economic growth plus the rising income level. There is a wide range of wellness tourism activities in this region, from high-end hotels with spas and massage services to treatment holidays, all which appeal to local and foreign visitors. Added value wellness services, such as health focused travel programs, spa or treatment holidays, and health festivals attract the ever-increasing population of clients seeking wellness services. Moreover, the increasing focus on mental health and the management of stress is also a reason as to why there is a rise in participation in activities that wellness involves making North America one of the most ideal places for wellness-based travel experiences. 

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Global Wellness Tourism Market

Report ID: SQMIG35A2416

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