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Wellness Tourism Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: May 2022
  • Pages: 120
  • SKU: IRTNTR44998
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Based on Technavio's market sizing methodology, the wellness tourism market size is predicted to surge by USD 327.56 billion from 2021 to 2026 at a CAGR of 7.55%.

This wellness tourism market research report extensively covers wellness tourism market segmentation by:

  • Application - Physical, Psychological, and Spiritual
  • Type - Domestic and International
  • Geography - North America, Europe, APAC, South America, and Middle East and Africa

The wellness tourism market vendors are - Accor SA, Cal A Vie Health Spa, Canyon Ranch, Clinique La Prairie, Four Seasons Hotels Ltd., Gaia Retreat and Spa, Hand and Stone Massage and Facial Spa, HOT SPRINGS RESORT and SPA, Hyatt Hotels Corp., Jade Mountain, Kempinski Hotels SA, Lanserhof Management GmbH, Marriott International Inc., Osthoff Resort, PRAVASSA, Rancho La Puerta Inc., Red Carnation Hotels UK Ltd., Six Senses Hotels Resorts Spas, The Mineral Spa, and Woodhouse Day Spas LLC among others.

What will the Wellness Tourism Market Size be During the Forecast Period?

Wellness Tourism Market Size

Download the Free Report Sample to Unlock the Wellness Tourism Market Size for the Forecast Period and Other Important Statistics

 

Wellness Tourism Market: Key Drivers, Trends, and Challenges

The increase in mental illness is notably driving the wellness tourism market growth, although factors such as perception of wellness tourism as a luxury travel market may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the wellness tourism industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Wellness Tourism Market Driver

One of the key factors driving growth in the wellness tourism market is the increase in mental illness. Some common forms of mental illnesses include stress, fear, anxiety, depression, and insomnia. If not addressed in their early stages, they can adversely affect physical health and lead to chronic disorders such as obesity, diabetes, heart diseases, and cancer. However, awareness about preventing these illnesses and maintaining a healthy lifestyle is increasing among the young generation. Even companies are adopting wellness programs to reduce work-related stress among employees. To fight mental illnesses that take a toll on a person's life, governments and other voluntary organizations are making efforts to create awareness about the identification and treatment of these illnesses. An increase in mental illnesses, together with growing awareness about maintaining mental health and the rise in the number of wellness retreats that specialize in mental health and wellness, is expected to drive market growth.

Key Wellness Tourism Market Trend

The emergence of online wellness aggregators is a key wellness tourism market trend that is expected to have a positive impact in the coming years. Penetration and wide access to the Internet is a boon for this market as small online firms have been established that are focusing on aggregating information on wellness travel and accommodation. The use of the Internet to create an online repository and track user preferences are the upcoming trends in this market. This would further boost the growth of the hotels and other wellness centers that match up to customer expectations. Customers in any part of the world can access the information online and decide on the required services based on the reviews of a particular service or wellness center. The growth of small firms that focus on aggregating information across service providers is expected to boost the global wellness tourism market in the future.

Key Wellness Tourism Market Challenge

The perception of wellness tourism as a luxury travel market will be a major challenge for the wellness tourism market during the forecast period. Wellness and recreational activities such as mineral spas, sports, and spiritual practices that involve personal rejuvenation are conceived as a market for the elite. People perceive that wellness facilities are charged in addition to the regular tariffs and are offered only by luxury hotels. Although regional allowances are made for domestic travelers, international travelers expect the treatment in proportion to the cost of the wellness package. With the boom in the industry due to rapid urbanization and a large health-conscious population, there is an increase in competition within the industry. Apart from the competition, fake programs such as those without the amenities specified in the website, and wellness centers are also emerging, affecting the wellness tourism market. These fake programs create resistance in travelers for pursuing wellness tours and thus act as a barrier to the growth of the market.

This wellness tourism market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global wellness tourism market as a part of the global leisure facilities market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the wellness tourism market during the forecast period.

Who are the Major Wellness Tourism Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Accor SA
  • Cal A Vie Health Spa
  • Canyon Ranch
  • Clinique La Prairie
  • Four Seasons Hotels Ltd.
  • Gaia Retreat and Spa
  • Hand and Stone Massage and Facial Spa
  • HOT SPRINGS RESORT and SPA
  • Hyatt Hotels Corp.
  • Jade Mountain
  • Kempinski Hotels SA
  • Lanserhof Management GmbH
  • Marriott International Inc.
  • Osthoff Resort
  • PRAVASSA
  • Rancho La Puerta Inc.
  • Red Carnation Hotels UK Ltd.
  • Six Senses Hotels Resorts Spas
  • The Mineral Spa
  • Woodhouse Day Spas LLC

 

This statistical study of the wellness tourism market encompasses successful business strategies deployed by the key vendors. The wellness tourism market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Accor SA is a public company headquartered in France. It is a global company generating $2,496.25 million in revenues and has around 230,000 employees. Its revenue from the global wellness tourism market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • The company offers solutions for wellness tourism that provides treatments such as spas, body treatments and hot-spring cures. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The wellness tourism market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Wellness Tourism Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the wellness tourism market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Wellness Tourism Market?

Wellness Tourism Market Market segmentation by region

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32% of the market's growth will originate from North America during the forecast period. The US is the key market for wellness tourism in North America. Market growth in this region will be slower than the growth of the market in other regions.

The availability of spa treatments, anti-aging treatments, and the prevalence of a large fitness-conscious population will facilitate the wellness tourism market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The wellness tourism market was adversely affected by the COVID-19 pandemic in the region in 2020. Lockdowns and travel restrictions resulted in a decline in the demand for wellness tourism in the region. The US government has even lifted the restrictions on wearing masks in public places if a citizen is fully vaccinated. In 2021, international flights achieved pre-COVID levels of capacity utilization in their flights. Therefore, the market is expected to grow at a good pace during the forecast period.

What are the Revenue-generating Application Segments in the Wellness Tourism Market?

Wellness Tourism Market Segmentation

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The wellness tourism market share growth by the physical segment will be significant during the forecast period. Physical health is essential for the body and helps to perform everyday activities. At present, urbanization and the domination of technology over many physical activities have led to a sedentary lifestyle, which has led to imbalances in the body and increased the prevalence of chronic diseases in the young population. It has been noted that the lack of exercise or physical activity, poor nutrition, and other harmful habits are the major causes of chronic diseases. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the wellness tourism market size and actionable market insights on post COVID-19 impact on each segment.

 

Wellness Tourism Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.55%

Market growth 2022-2026

$ 327.56 billion

Market structure

Fragmented

YoY growth (%)

6.98

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 32%

Key consumer countries

US, China, Japan, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accor SA, Cal A Vie Health Spa, Canyon Ranch, Clinique La Prairie, Four Seasons Hotels Ltd., Gaia Retreat and Spa, Hand and Stone Massage and Facial Spa, HOT SPRINGS RESORT and SPA, Hyatt Hotels Corp., Jade Mountain, Kempinski Hotels SA, Lanserhof Management GmbH, Marriott International Inc., Osthoff Resort, PRAVASSA, Rancho La Puerta Inc., Red Carnation Hotels UK Ltd., Six Senses Hotels Resorts Spas, The Mineral Spa, and Woodhouse Day Spas LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Wellness Tourism Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive wellness tourism market growth during the next five years
  • Precise estimation of the wellness tourism market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wellness tourism industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wellness tourism market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 25: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 27: Chart on Comparison by Application
      • Exhibit 28: Data Table on Comparison by Application
    • 5.3 Physical - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Physical - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Data Table on Physical - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 31: Chart on Physical - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Physical - Year-over-year growth 2021-2026 (%)
    • 5.4 Psychological - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Psychological - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Data Table on Psychological - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 35: Chart on Psychological - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Psychological - Year-over-year growth 2021-2026 (%)
    • 5.5 Spiritual - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Spiritual - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Data Table on Spiritual - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 39: Chart on Spiritual - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Spiritual - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 41: Market opportunity by Application ($ billion)

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 42: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 43: Data Table on Type - Market share 2021-2026 (%)
    • 6.2 Comparison by Type
      • Exhibit 44: Chart on Comparison by Type
      • Exhibit 45: Data Table on Comparison by Type
    • 6.3 Domestic - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Domestic - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 47: Data Table on Domestic - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 48: Chart on Domestic - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Domestic - Year-over-year growth 2021-2026 (%)
    • 6.4 International - Market size and forecast 2021-2026
      • Exhibit 50: Chart on International - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 51: Data Table on International - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 52: Chart on International - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on International - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 54: Market opportunity by Type ($ billion)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 56: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 57: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 58: Chart on Geographic comparison
      • Exhibit 59: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2021-2026
      • Exhibit 60: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 61: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 62: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 63: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 APAC - Market size and forecast 2021-2026
      • Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.6 South America - Market size and forecast 2021-2026
      • Exhibit 72: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 73: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 74: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 Germany - Market size and forecast 2021-2026
      • Exhibit 84: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 85: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 86: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.10 France - Market size and forecast 2021-2026
      • Exhibit 88: Chart on France - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 89: Data Table on France - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 90: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 8.11 China - Market size and forecast 2021-2026
      • Exhibit 92: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 93: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 94: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.12 Japan - Market size and forecast 2021-2026
      • Exhibit 96: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 97: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 98: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 100: Market opportunity by geography ($ billion)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 101: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 102: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 103: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 104: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 105: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 106: Matrix on vendor position and classification
            • 11.3 Accor SA
              • Exhibit 107: Accor SA - Overview
              • Exhibit 108: Accor SA - Business segments
              • Exhibit 109: Accor SA - Key offerings
              • Exhibit 110: Accor SA - Segment focus
            • 11.4 Cal A Vie Health Spa
              • Exhibit 111: Cal A Vie Health Spa - Overview
              • Exhibit 112: Cal A Vie Health Spa - Product / Service
              • Exhibit 113: Cal A Vie Health Spa - Key offerings
            • 11.5 Canyon Ranch
              • Exhibit 114: Canyon Ranch - Overview
              • Exhibit 115: Canyon Ranch - Product / Service
              • Exhibit 116: Canyon Ranch - Key offerings
            • 11.6 Clinique La Prairie
              • Exhibit 117: Clinique La Prairie - Overview
              • Exhibit 118: Clinique La Prairie - Product / Service
              • Exhibit 119: Clinique La Prairie - Key offerings
            • 11.7 Four Seasons Hotels Ltd.
              • Exhibit 120: Four Seasons Hotels Ltd. - Overview
              • Exhibit 121: Four Seasons Hotels Ltd. - Product / Service
              • Exhibit 122: Four Seasons Hotels Ltd. - Key offerings
            • 11.8 Gaia Retreat and Spa
              • Exhibit 123: Gaia Retreat and Spa - Overview
              • Exhibit 124: Gaia Retreat and Spa - Product / Service
              • Exhibit 125: Gaia Retreat and Spa - Key offerings
            • 11.9 Hand and Stone Massage and Facial Spa
              • Exhibit 126: Hand and Stone Massage and Facial Spa - Overview
              • Exhibit 127: Hand and Stone Massage and Facial Spa - Product / Service
              • Exhibit 128: Hand and Stone Massage and Facial Spa - Key offerings
            • 11.10 HOT SPRINGS RESORT and SPA
              • Exhibit 129: HOT SPRINGS RESORT and SPA - Overview
              • Exhibit 130: HOT SPRINGS RESORT and SPA - Product / Service
              • Exhibit 131: HOT SPRINGS RESORT and SPA - Key offerings
            • 11.11 Jade Mountain
              • Exhibit 132: Jade Mountain - Overview
              • Exhibit 133: Jade Mountain - Product / Service
              • Exhibit 134: Jade Mountain - Key offerings
            • 11.12 Osthoff Resort
              • Exhibit 135: Osthoff Resort - Overview
              • Exhibit 136: Osthoff Resort - Product / Service
              • Exhibit 137: Osthoff Resort - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 138: Inclusions checklist
                • Exhibit 139: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 140: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 141: Research methodology
                • Exhibit 142: Validation techniques employed for market sizing
                • Exhibit 143: Information sources
              • 12.5 List of abbreviations
                • Exhibit 144: List of abbreviations
              • payment or admission type: Includes pay-one-price admission and pay-as-you-go admission o

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Wellness Tourism market growth will increase by $327.56 billion during 2022-2026.
                The wellness tourism market is expected to grow at a CAGR of 7.55% during 2022-2026.
                Technavio has segmented the wellness tourism market by application (Domestic and International) ,type (Physical, Psychological, and Spiritual) , and geographic (North America, Europe, APAC, South America, and Middle East and Africa).
                Accor SA, Cal A Vie Health Spa, Canyon Ranch, Clinique La Prairie, Four Seasons Hotels Ltd., Gaia Retreat and Spa, Hand and Stone Massage and Facial Spa, HOT SPRINGS RESORT and SPA, Hyatt Hotels Corp., Jade Mountain, Kempinski Hotels SA, Lanserhof Management GmbH, Marriott International Inc., Osthoff Resort, PRAVASSA, Rancho La Puerta Inc., Red Carnation Hotels UK Ltd., Six Senses Hotels Resorts Spas, The Mineral Spa, Woodhouse Day Spas LLC are a few of the key vendors in the wellness tourism market.
                North America will register the highest growth rate of 31.67% among the other regions. Therefore, the wellness tourism market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the wellness tourism market growth are:
                • Increase in mental illness
                • Emergence of online wellness aggregators
                The wellness tourism market vendors should focus on grabbing business opportunities from the domestic segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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