The global Wellness Tourism Market size is expected to reach USD 1.02 trillion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.93% from 2022 to 2030. Increasing patient awareness regarding health and wellbeing and personal care will be one of the major drivers for the market. Promotional campaigns arranged by various governments are also encouraging wellness tourism across the globe. Wellbeing services offered by players help customers find solutions to improve or maintain their health and wellbeing. The rising number of health-conscious people is contributing to the increasing demand for wellness activities at popular travel destinations.
The increase in lifestyle-related diseases such as
diabetes, obesity, and high cholesterol due to busy work schedules and
sedentary lifestyles is propelling the market growth. The market is heavily
influenced by factors such as increasing awareness regarding healthcare tourism
and the rising burden of disease. Furthermore, the growing prevalence of mental
illnesses such as depression and anxiety, rise in disposable income, increasing
adoption of online travel services, growing influence of social media, and
raised government investment to attract tourists are propelling the market
growth.
The overall tourism industry was adversely hit by the
COVID-19 pandemic. The market witnessed a significant decline in the number of
travelers owing to restrictions on travel and the entry of international
tourists. According to Global Wellness Institute, the number of wellness trips
in North America declined by 43.8% in 2020. Increasing number of secondary
travelers and resume of activities by spas and resorts are expected to boost
the market growth post-pandemic.
Related Press Release@ Wellness Tourism Market Report
Wellness Tourism Market Report
Highlights
- In terms of service, the lodging segment dominated the market in
2021. This can be attributed to the rapid expansion of large hotel chains
that provide exotic therapies including rejuvenation programs, spa
treatments, and other services
- Based on travel type, the domestic segment accounted for the
maximum revenue share in 2021. This can be attributed to the increased
expenditure by domestic tourists on wellness activities
- North America is estimated to dominate the market throughout the
forecast period. This can be attributed to the high demand for physical
and mental health, increasing disposable income, and growing awareness
about spa benefits
- Marriott International, Inc. established an all-inclusive platform
in August 2019 to cater to the growing demand during the holiday season.
Marriott International also announced that it has secured management
agreements with hotel developers who aim to invest over USD 800 million in
five new all-inclusive resorts, underscoring its confidence in its size
and client base
- Marriott International launched a hotel development
program named “Marriott's Bridging the Gap" in June 2022
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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