Global Wellness Tourism Market Size 2024, Forecast To 2033
11 Mar, 2024
The wellness tourism market has undergone rapid growth, increasing from $810.14 billion in 2023 to $904.1 billion in 2024, reflecting a compound annual growth rate (CAGR) of 11.6% during the historic period. This growth is attributed to increasing tourist spending on cultural and sports tourism, strong economic growth in emerging markets, rising disposable income, an aging population, and early retirement, and rapid urbanization. Moving into the future, the market is expected to witness rapid growth, reaching $1369.22 billion in 2028 at a CAGR of 10.9%. The forecasted growth is linked to increasing tourist spending on cultural and sports tourism, strong economic growth in emerging markets, rising disposable income, an aging population, early retirement, and rapid urbanization. Key trends in the forecast period include the continuation of increasing tourist spending on cultural and sports tourism, strong economic growth in emerging markets, rising disposable income, an aging population, early retirement, and rapid urbanization.
Global Wellness Tourism Market Key Driver
The wellness tourism market is set to grow with the rise in tourist spending on cultural and sports tourism, integral components of wellness tourism promoting health and well-being. Sports tourism involves both observing and participating in sporting events while staying in a tourist's usual environment. According to a survey by American Express in 2021, approximately 76% of participants in the service industry are spending on tourism to enhance their well-being, with 55% allocating extra funds for wellness activities during vacations. This surge in tourist spending is a key driver for the growth of the wellness tourism market, with market size values for 2023, 2024, and 2028 shaping the understanding of this growth scenario.
Get A Free Sample Of The Global Wellness Tourism Market ReportGlobal Wellness Tourism Market Segments
The wellness tourism market covered in this report is segmented –
1) By Service Type: Transport, Lodging, Food And Beverage, Shopping, Activities and Excursions, Other Services
2) By Travellers: Primary, Secondary
3) By Location: Domestic, International
By Geography:The regions covered in the wellness tourism market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the wellness tourism market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wellness tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Wellness Tourism Industry Players
Hilton Worldwide, Marriott International Inc, Four Seasons Hotels Ltd, Accor S.A, Hyatt Hotels Corporation, Intercontinental Hotels Group, Radisson Hotel Group, Rosewood Hotels & Resorts, Omni Hotels & Resorts, Canyon Ranch, Shanghai Lemen Business International Travel Service Co Ltd, Sangha Retreat, China Tourism, Culture Investment Group Co Ltd, Healing Holidays, Aman Resorts, The Healthy Holiday Company, Fit Reisen Group, Karma Group, Talent Courtyard, Akasha Wellness Retreat, Miraval Group, Alma Health & Spa, Lusha, Medko, Medifees.Com, Tropoo Inc., Idoctours, Trekr.Com, The Wellness Travel Expert, Cal A Vie Health Spa, Vacayou, Alchemy Wellness Resorts, Clinique La Prairie, Braemar Hotels & Resorts, Osthoff Resort, Bajos Del Toro, Tambo Del Inka, Tierra Patagonia, Nannai Resort & Spa, Nayara Resort, Gardens, Amaala, Travocure, Siro Wellness And Fitness Resorts, Six Senses Zighy Bay, Wellcube, Zulal Wellness Resort, Wesgro, Belmond Mount Nelson, Taj Cape Town, Santé Wellness Retreat & Spa, Aha Hotel & Game Lodge Group, The Hydro In Stellenbosch
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Wellness Tourism Market Overview
Wellness tourism is tourism that is associated with the pursuit of maintaining or enhancing one's personal wellbeing. Wellness tourism is used to promote health and well-being through psychological, physical, or spiritual activities.
Wellness Tourism Global Market Report 2023 provides data on the global wellness tourism market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The wellness tourism market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.