The size of the wellness tourism market is expected to reach $ 1,592.6 billion by 2030, with a CAGR of 7.2%



Global Wellness Tourism Market

Wellness Tourism Market by Service Type, Location, Traveler Type: Global Opportunity Analysis and Industry Forecast, 2021-2030

Increased interest of travelers to interact with culture, nature and local people, increasing tendency of people to have unique and exotic vacation experiences and high internet penetration.

– Roshan Deshmukh

PORTLAND, OREGON, USA, September 7, 2021 / – The global wellness tourism market size was valued at $ 801.6 billion in 2020, according to a new report, and is expected to reach 1,592 billion dollars , $ 6 billion by 2030, registering a CAGR of 7.2% from 2021 to 2030. In 2020, the accommodation segment accounted for the highest share of the wellness tourism market.

Wellness travelers spend more per trip than the average tourist, and this is true for domestic and international travelers. In 2019, international wellness tourists spent an average of $ 1,558 per trip, 54% more than the typical international tourist. The premium for domestic wellness tourists is even higher at $ 615 per trip and 183% more than the typical domestic tourist. This is attributed to the fact that wellness travelers are generally wealthier, educated, and have traveled extensively and tend to be early adopters who will try new and unheard of experiences.

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Wellness tourism can be generated through wellness, especially in destinations where local cultural traditions offer wellness such as meditation, healthy cuisine, a variety of local jobs and entrepreneurial opportunities. Wellness tourism can occur in urban and rural environments, from urban neighborhoods to remote game parks. For some destinations, such as India, visitor spending can generate income and employment for local communities and help preserve local wellness traditions such as Ayurvedic medicine.

Wellness tourism is growing exponentially around the world as travelers prefer to visit previously unknown destinations. In addition, the increase in government initiatives in the form of public and private partnerships to promote tourism has led to the growth of the wellness tourism market.

However, varying socio-economic conditions and unpredictable weather conditions hamper the demand of the wellness tourism market. Whatever the challenges, the increasing trend of the wellness tourism market on social media has created a huge opportunity for the wellness tourism market as Facebook has become the preferred social network for travelers for share experiences.

Based on location, the domestic segment held the main 65% share of the wellness tourism market. Domestic travel is easier and cheaper than travel abroad, especially for shorter trips. Wellness trips are much more likely to be domestic trips than international trips.

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Depending on the type of traveler, the secondary segment held more than half of the wellness tourism market share. The secondary wellness tourist actively seeks healthy accommodation, food, and fitness options while on a trip.

Regionally, North America and Europe are the most important regions of the wellness tourism market. Asia-Pacific is the fastest growing market, with a CAGR of 8.5% during the forecast period. LAMEA is expected to be the second fastest growing market, due to developing economies in the region.

Key Market Players Featured In The Report:

Accor SA
Canyon Ranch
Four Seasons Hotels Ltd.
Hilton Worldwide Holdings Inc.
â—‹ Hyatt Hotels Corporation
© Marriott International Inc.
â—‹ Omni Hotels & Resorts
Radisson Hospitality Inc.
Rancho La Puerta Inc.

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Main conclusions of the study:

â—‹ By type of service, the accommodation segment held the highest share, accounting for 20.6% of the global wellness tourism industry in 2020.
â—‹ Based on location, the domestic segment held the main 65.1% market share in 2020.
â—‹ Based on the type of travelers, the main segment experiences an exponential growth rate of 8.7% during the forecast period
North America held the largest share of the market and is expected to remain dominant during the forecast period.

Associated reports:

â—‹ Ecotourism market revenues will register a robust growth rate in 2027
â—‹ The sustainable tourism market will show an increase by 2027, report
â—‹ Comprehensive Study of Touring SUP Market Explores Huge Growth in Future

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